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Property profile & analytics
OFF-MARKET
Estimated value
$6,335,000
High-rise multifamily apartments
1663 Steele St Denver, CO 80206-1727
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0836918
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1964
Construction
CONCRETE
Total area
77,112 SF
Lot
0.59 ac (25,781 SF)
Zoning code
G-MU-12
APN
02363-01-026-000
UPID
US13-0836918
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
-
Montview Manor Retirement Community
-
School For A Course In Miracles Online Training Center
-
School For A Course In Miracles (SFACIM.org) Church Mosque
-
Planning Design Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.28M
Blend (final)
Blend
$6.34M
Owner & transaction history
Archway Montview Manor LLC · 3 yrs held
Archway Montview Manor LLC
since 2022
Last sale
$6.5M
6 recorded transactions
Zoning & alternative use
G-MU-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
$6,065,000
ML approach
$5,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±10% · vs last sale $6.50M (Dec 14 2022)
Last sale anchor
$6.50M
Dec 14 2022
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
$82 / 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
$8,246
Tax year 2023
Assessed value
$1,767,750
Assessed 2023
Previous assessed
$1,022,280
+72.9% YoY
Effective rate
0.47%
On assessed value
Assessed land
$135,580
Assessed improvement
$1,632,170
Land market value
$2,078,600
Improvement market value
$24,360,700
Total market value
$26,439,300
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
HOT WATER
Stories
13
Units
87
Rooms
26
Bathrooms
1
Total area
77,112 SF
Lot
0.59 ac (25,781 SF)
Zoning code
G-MU-12
APN
02363-01-026-000
UPID
US13-0836918
Jurisdiction
DENVER
Zoning & alternative use
G-MU-12 · Denver, CO
Zoning G-MU-12 · permitted uses
G-MU-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.
Building & site characteristics
From public records
Year built
1964
Construction
CONCRETE
Heating
HOT WATER
Stories
13
Units
87
Rooms
26
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Archway Montview Manor LLC
Entity
Mailing address
8585 W 14TH AVE STE A, LAKEWOOD, CO 80215-4860
Ownership since
2022
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
Dec 15, 2022
—
Archway Montview Manor LLC
—
Deed
related
$3,400,000 · City And County Of Denver
Dec 14, 2022
$6,500,000
Archway Montview Manor LLC
Montview Building Corporation
Special Warranty Deed
$5,000,000 · Impact Development Fund
Dec 1, 2020
—
Montview Building Corp
—
Deed Of Trust
related
$200,000 · Umb Bk
Oct 17, 2018
—
Montview Building Corp
—
Deed
related
$1,450,000 · Umb Bk
—
—
Montview Building Corp
—
Loan Modification
related
$1,450,000 · Umb Bk
—
—
Montview Building Corp
—
Deed Of Trust
related
$1,300,000 · Mountain States 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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