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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Garden apartment buildings
1748 Blake St 1750 Denver, CO 80202-1226
Individually Owned
21-yr Hold
Property ID
US13-0678267
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1948
Construction
WOOD
Total area
3,067 SF
Lot
0.06 ac (2,500 SF)
Zoning code
D-LD
APN
02331-07-047-000
UPID
US13-0678267
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
-
Rising Higher Staffing Solutions Employment Agency
-
Social Capital Agency Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Bahman Shafa · 21 yrs held
Bahman Shafa
since 2005
7 recorded transactions
Zoning & alternative use
D-LD · 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%
$775,000
6.5%
$715,000
7%
$665,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$173 / 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
$6,879
Tax year 2023
Assessed value
$88,780
Assessed 2023
Previous assessed
$77,840
+14.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$50,820
Assessed improvement
$37,960
Land market value
$813,500
Improvement market value
$566,600
Total market value
$1,380,100
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
3,067 SF
Lot
0.06 ac (2,500 SF)
Zoning code
D-LD
APN
02331-07-047-000
UPID
US13-0678267
Jurisdiction
DENVER
Zoning & alternative use
D-LD · Denver, CO
Zoning D-LD · permitted uses
D-LD · 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
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Bahman Shafa
Individual
Mailing address
PO BOX 22514, DENVER, CO 80222-0514
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
—
Bahman Shafa
—
Deed
related
$701,250 · Champion Bank
Mar 29, 2018
—
Bahman Shafa
—
Deed
related
$701,250 · Champion Bank
Jun 19, 2005
—
Bahman Shafa
Shafa,bahman & Isabelle R
Quit Claim Deed
related
—
Mar 8, 2003
$550,000
Bahman Shafa
Casey,gregory M
Grant Deed
—
Sep 7, 1999
$625,000
Gregory M Casey
Riggs,ralph
Grant Deed
$500,000 · First Union Mortgage
—
—
Bahman Shafa
—
Deed Of Trust
related
$225,000 · Shames-makovsky Mortgage Co
—
—
Bahman Shafa
—
Deed Of Trust
related
$250,000 · Guaranty Bank & Trust Co
—
—
Bahman Shafa
—
Deed Of Trust
related
$250,000 · Shames-makovsky Mortgage Co
—
—
Bahman Shafa
—
Deed Of Trust
related
$513,750 · New Century Mortgage
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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