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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office Spaces
1666 University Blvd Ste A Denver, CO 80210-2834
Entity Owned
6-yr Hold
Free & Clear
Property ID
US13-0258424
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1964
Construction
STEEL FRAME
Total area
2,562 SF
Lot
0.17 ac (7,466 SF)
Zoning code
E-MX-2X
APN
05243-09-028-028
UPID
US13-0258424
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
-
Denver Lasik Vision Center Medical Clinic Hospital
-
James M. Melzer, OD Physician
-
Keyser Robert B MD Ophthalmologist
-
denver lasik Physician Ophthalmologist
-
Dr. Richard Kelmenson Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$506k
Blend (final)
Blend
$555k
Owner & transaction history
1666 South University LLC · 6 yrs held
1666 South University LLC
since 2019
2 recorded transactions
Zoning & alternative use
E-MX-2X · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$830,000
+26.8%
Commercial (general)
$830,000
+26.5%
Medical building
$780,000
+18.7%
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%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$780,000
Change: +19% · Conversion: Easy
RETAIL STORES
$660,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$217 / 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
$15,968
Tax year 2023
Assessed value
$206,070
Assessed 2023
Previous assessed
$194,100
+6.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$176,610
Assessed improvement
$29,460
Land market value
$663,000
Improvement market value
$105,600
Total market value
$768,600
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,562 SF
Lot
0.17 ac (7,466 SF)
Zoning code
E-MX-2X
APN
05243-09-028-028
UPID
US13-0258424
Jurisdiction
DENVER
Zoning & alternative use
E-MX-2X · Denver, CO
Zoning E-MX-2X · permitted uses
E-MX-2X · 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
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$830,000
MEDICAL BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$660,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
1666 South University LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1666 S UNIVERSITY BLVD STE B, DENVER, CO 80210-2834
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2019
$2,350,000
1666 South University LLC
Temple Hoyne Buell Foundation
Grant Deed
—
Jan 14, 2000
$532,000
Temple Hoyce Buell Foundation
Bull,james C & Alan J
Grant Deed
—
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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