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Property profile & analytics
FOR SALE
Retail space
1755 S Broadway Denver, CO 80210
Entity Owned
5-yr Hold
Property ID
US13-0929608
For Sale
1 / 4
$2,790,000
1755 S Broadway, Denver, CO 80210
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Property summary
AI-generated overview
This exceptional mixed-use property at 1755 South Broadway, Denver, CO 80210, presents a compelling investment opportunity. Boasting a 7.01% cap rate and a strong NOI of $195,646, this stabilized asset offers significant potential. The 7,192 square foot building, constructed in 1961 and extensively renovated in 2022, comprises two buildings with two stories each, situated on a 9,373 square foot lot. The property includes 13 tenants across 11 apartment units and 2 retail spaces, currently enjoying 100% occupancy. Nine of the apartment units underwent a complete renovation in Summer 2022, featuring new hot water heaters, flooring, electrical, plumbing, paint, kitchens, and appliances. A new storefront is planned for installation in 2024, further enhancing the property's value. The property also benefits from 12 parking spaces and the recent addition of a coin laundry, generating approximately $200 per month in supplemental income (not included in the NOI). The property is zoned U-MS-5 and allows for rent bumps. This high-visibility location on South Broadway within the rapidly developing Denver MSA makes this a truly remarkable investment prospect.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
STEEL FRAME
Total area
7,192 SF
Lot
0.22 ac (9,373 SF)
Zoning code
U-MS-5
APN
05226-10-030-000
UPID
US13-0929608
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
-
Golden Meds (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.46M
Owner & transaction history
Mgl Broadway LLC · 5 yrs held
Mgl Broadway LLC
since 2020
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
U-MS-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+25.7%
Commercial (general)
$2.3M
+25.4%
Medical building
$2.2M
+17.6%
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
$1,490,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,405,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,855,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,335,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,330,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$2,185,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,840,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.40M (Nov 30 2020)
Last sale anchor
$1.40M
Nov 30 2020
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
$202 / 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
$19,247
Tax year 2023
Assessed value
$248,390
Assessed 2023
Previous assessed
$217,050
+14.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$56,940
Assessed improvement
$191,450
Land market value
$656,100
Improvement market value
$1,872,200
Total market value
$2,528,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1961
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
2
Stories
1
Units
11
Rooms
24
Bathrooms
1
Total area
7,192 SF
Lot
0.22 ac (9,373 SF)
Zoning code
U-MS-5
APN
05226-10-030-000
UPID
US13-0929608
Jurisdiction
DENVER
Zoning & alternative use
U-MS-5 · Denver, CO
Zoning U-MS-5 · permitted uses
U-MS-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
RETAIL STORES Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
1961
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
11
Rooms
24
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Mgl Broadway LLC
Entity
Mailing address
1761 S BROADWAY, DENVER, CO 80210-3101
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2020
$1,400,000
Mgl Broadway LLC
Blue Sky III LLC
Special Warranty Deed
$1,100,000 · John Ira
Aug 29, 2017
$995,000
Blue Sky III LLC
The Broadway Company
Special Warranty Deed
$500,000 · Broadway Company
Dec 11, 2006
$710,000
Broadway Co LLC
J & L Niwot LLC
Warranty Deed
$532,500 · Firstbank Of Denver NA
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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