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Property profile & analytics
OFF-MARKET
Estimated value
$23,315,000
Office buildings
1695 Larimer St Denver, CO 80202-1509
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0947911
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
CONCRETE
Total area
122,257 SF
Lot
0.45 ac (19,427 SF)
Zoning code
D-C
APN
02331-09-038-000
UPID
US13-0947911
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.40M
Comparable Approach
Comparable
$16.87M
Blend (final)
Blend
$23.32M
Owner & transaction history
Silver Shekel LLC · 13 yrs held
Silver Shekel LLC
since 2013
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$31,845,000
6.5%
$29,395,000
7%
$27,295,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$38,005,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$37,125,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$23.32M
Range $20.98M – $25.65M · ±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
$191 / 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
$635,721
Tax year 2023
Assessed value
$8,204,330
Assessed 2023
Previous assessed
$10,040,390
-18.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,888,690
Assessed improvement
$6,315,640
Land market value
$6,799,500
Improvement market value
$22,636,700
Total market value
$29,436,200
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 (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
8
Total area
122,257 SF
Lot
0.45 ac (19,427 SF)
Zoning code
D-C
APN
02331-09-038-000
UPID
US13-0947911
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$38.0M
MEDICAL BUILDING
Est. value
$37.1M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1990
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
8
Lot
0.45 ac
Current owner
From public records · entity-resolved
Silver Shekel LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1700 PLATTE ST #225, DENVER, CO 80202-2814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
17th & Larimer LLC
—
Deed
related
$12,000,000 · Standard Insurance Co
May 13, 2013
—
Silver Shekel LLC
Bowers,robert & Marcia
Warranty Deed
related
—
Oct 19, 2011
—
17th & Larimer LLC
—
Deed Of Trust
related
$14,500,000 · Pccp Capital II LLC
Jun 7, 2011
—
17th & Larimer LLC
Cb Larimer LLC
Grant Deed
—
Feb 4, 2011
—
Cb Larimer LLC
Seventeenth & Larimer LLC
Grant Deed
related
—
Apr 19, 2007
—
Seventeenth & Larimer LLC
Larimer 98 LLC
Quit Claim Deed
related
$19,700,000 · Capmark Bank
—
—
17th & Larimer LLC
—
Deed Of Trust
related
$14,000 · Life Insurance Of Southwest
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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