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Property profile & analytics
FOR LEASE
Office buildings
1700 Platte St Denver, CO 80202
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2350714
For Lease
Contact for pricing
1700 Platte St, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2016
Construction
CONCRETE
Total area
203,148 SF
Lot
1.36 ac (59,171 SF)
Zoning code
C-MX-5
APN
02284-07-019-000
UPID
US13-2350714
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Maria Empanada - Riverview Restaurant
-
1700 Platte Street Parking - ParkChirp Parking Lot & Garage
-
Workiva (Bike/Boat/Book/etc) Store Corporate Office
-
Parking For Pivotal Tenants Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$123.32M
Blend (final)
Blend
$122.33M
Owner & transaction history
Gpif Riverview LLC · 2 yrs held
Gpif Riverview LLC
since 2023
Last sale
$129.1M
2 recorded transactions
Zoning & alternative use
C-MX-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$83.1M
+9.2%
Auto repair, garage
$81.4M
+7.0%
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
$107,785,000
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
$76,075,000
Current use
RESTAURANT
$83,080,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$81,365,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$122.33M
Range $110.09M – $134.56M · ±10% · vs last sale $129.10M (Dec 13 2023)
Last sale anchor
$129.10M
Dec 13 2023
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
$602 / 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
$2,183,930
Tax year 2023
Assessed value
$28,184,830
Assessed 2023
Previous assessed
$27,137,630
+3.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$3,706,100
Assessed improvement
$24,478,730
Land market value
$13,313,500
Improvement market value
$87,737,400
Total market value
$101,050,900
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
2016
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
6
Total area
203,148 SF
Lot
1.36 ac (59,171 SF)
Zoning code
C-MX-5
APN
02284-07-019-000
UPID
US13-2350714
Jurisdiction
DENVER
Zoning & alternative use
C-MX-5 · Denver, CO
Zoning C-MX-5 · permitted uses
C-MX-5 · 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
$76.1M
RESTAURANT
Est. value
$83.1M
AUTO REPAIR, GARAGE
Est. value
$81.4M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2016
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
6
Lot
1.36 ac
Current owner
From public records · entity-resolved
Gpif Riverview LLC
Entity
Mailing address
1700 PLATTE ST #225, DENVER, CO 80202-2814
Ownership since
2023
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
Dec 13, 2023
$129,100,000
Gpif Riverview LLC
1710 Platte Associates LLC
Special Warranty Deed
$63,375,000 · Pacificcal Debt II LLC
Dec 13, 2023
—
Gpif Riverview LLC
1710 Platte Associates LLC
Agreement Of Sale
—
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?”
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