New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Office buildings
1641 California St Denver, CO 80202-3711
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-0796001
Property summary
AI-generated overview
This stunning 1905-built, 2007-renovated Denver County office building, located at 1641 California St, zip code 80202, offers 19,121 square feet of space for sale or lease. The property features six suites across four floors, with a minimum divisible space of 1,342 square feet and the potential to lease the entire 19,121 square feet contiguously. Each suite benefits from attractive finishes, high ceilings, and exposed brick. Situated in the heart of Denver's Central Business District (CBD), this executive office space enjoys a prime location just half a block from the 16th Street Mall, within easy walking distance of Union Station and Coors Field, and minutes from the RiNo Art District. The building's convenient location provides quick access to major transportation arteries, including Speer Boulevard, Broadway, Colfax Avenue, and Interstate 25. The 6,262 square foot lot is zoned DC. All six suites are currently vacant and ready for immediate occupancy. This exceptional property presents a unique opportunity for businesses seeking a prestigious address in a vibrant and dynamic urban setting.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
23,570 SF
Lot
0.14 ac (6,262 SF)
Zoning code
D-C
APN
02345-27-009-000
UPID
US13-0796001
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Barnhart Advertising Agency Marketing & Advertising
-
Crusoe Energy Systems Inc. Corporate Office
-
Massey & Showalter Law Firm
-
Aventura (Bike/Boat/Book/etc) Store Corporate Office
-
TLE-22, INC Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.34M
Owner & transaction history
Art Works Denver LLC · 1 yrs held
Art Works Denver LLC
since 2025
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
D-C · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,090,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10% · vs last sale $2.58M (Feb 18 2025)
Last sale anchor
$2.58M
Feb 18 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$84,453
Tax year 2023
Assessed value
$1,089,910
Assessed 2023
Previous assessed
$1,224,060
-11.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$603,110
Assessed improvement
$486,800
Land market value
$2,191,700
Improvement market value
$1,744,800
Total market value
$3,936,500
Applied tax rate
320.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Units
5
Bathrooms
4
Total area
23,570 SF
Lot
0.14 ac (6,262 SF)
Zoning code
D-C
APN
02345-27-009-000
UPID
US13-0796001
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
5
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Art Works Denver LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2199 ST MORITZ WAY, VAIL, CO 81657-6107
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
$2,575,000
Art Works Denver LLC
J&g 1641 LLC
Special Warranty Deed
—
Nov 17, 2017
$5,300,000
J & G 1641 LLC
1641 California LLC
Grant Deed
—
May 23, 2016
—
1641 California LLC
—
Deed
related
—
Jun 14, 2013
$3,120,000
1641 California LLC
Dreher,werner & Eva M
Grant Deed
$2,831,400 · Steele Street Bk&tr
—
—
1641 California LLC
—
Loan Modification
related
$3,500,000 · Midfirst Bk
—
—
1641 California LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1641 California St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
