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Property profile & analytics
FOR LEASE
Office buildings
1660 Albion St Denver, CO 80222
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-0833466
For Lease
1 / 2
$24 SF/Yr
1660 Albion St, Denver, CO 80222
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Construction
CONCRETE
Total area
117,861 SF
Lot
0.84 ac (36,755 SF)
Zoning code
S-MX-12
APN
06193-00-088-000
UPID
US13-0833466
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
-
Papi Properties, LLC Real Estate Agency
-
Henken Kathleen Physician Medical Clinic
-
Bissell Dental Group Dental Office
-
Dr. William C. Bissell, DDS Dental Office
-
Jan Buckstein PC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.38M
Blend (final)
Blend
$13.03M
Owner & transaction history
1660 S Albion LLC · 11 yrs held
1660 S Albion LLC
since 2015
7 recorded transactions
Zoning & alternative use
S-MX-12 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,960,000
Current use
Blend value · Realmo final
$13.03M
Range $11.72M – $14.33M · ±10%
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
$111 / 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
$268,178
Tax year 2023
Assessed value
$3,460,990
Assessed 2023
Previous assessed
$3,407,560
+1.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$248,000
Assessed improvement
$3,212,990
Land market value
$918,900
Improvement market value
$11,516,100
Total market value
$12,435,000
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 (MULTI-STORY)
Status
For Lease
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
11
Total area
117,861 SF
Lot
0.84 ac (36,755 SF)
Zoning code
S-MX-12
APN
06193-00-088-000
UPID
US13-0833466
Jurisdiction
DENVER
Zoning & alternative use
S-MX-12 · Denver, CO
Zoning S-MX-12 · permitted uses
S-MX-12 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$20.0M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
11
Lot
0.84 ac
Current owner
From public records · entity-resolved
1660 S Albion LLC
Entity
Mailing address
1660 S ALBION ST STE #200, DENVER, CO 80222-4041
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
1660 S Albion LLC
—
Deed
related
$12,500 · Bellco Cu
Nov 1, 2018
—
1660 S Albion LLC
—
Grant Deed
related
$11,500,000 · Bellco Cu
Jan 15, 2015
$9,883,600
1660 S Albion LLC
Tower 1660 Spe LLC
Grant Deed
$7,299,849 · Us Bk NA Comm 2013-ccre8 (ce)
May 1, 2013
—
Tower 1660 Spe LLC
Svn Tower 1660 LLC
Special Warranty Deed
$7,500,000 · German American Capital Corporation
Jul 2, 2007
—
Svn Tower 1660 LLC
Tower 1660 Associates LLC
Quit Claim Deed
related
$7,707,499 · Wachovia Bank NA
—
—
Svn Tower 1660 LLC
—
Deed Of Trust
related
—
—
—
Svn Tower 1660 LLC
—
Deed Of Trust
related
—
—
—
1660 S Albion LLC
—
Deed Of Trust
related
$12,500 · Bellco Cu
—
—
Svn Tower 1660 LLC
—
Deed Of Trust
related
—
—
—
Tower 1660 Associates LLC
—
Deed Of Trust
related
$1,000,000 · Silvergate Bank
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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