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Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Theaters & concert halls
1770 Sherman St Denver, CO 80203-1112
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0242030
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1906
Construction
WOOD
Total area
46,640 SF
Lot
0.29 ac (12,500 SF)
Zoning code
PUD
APN
02349-32-027-000
UPID
US13-0242030
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
-
El Jebel - A NPU Venue Hotel & Motel Resort
-
Halloween Party Denver Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.03M
Owner & transaction history
Rob Denver LLC · 3 yrs held
Rob Denver LLC
since 2023
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+387.8%
Industrial (general)
$6.0M
+358.2%
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
$8,220,000
ML approach
$8,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,355,000
Change: +388% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,970,000
Change: +358% · Conversion: Difficult
Blend value · Realmo final
$9.03M
Range $8.13M – $9.93M · ±10% · vs last sale $9.85M (Jan 13 2023)
Last sale anchor
$9.85M
Jan 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
$194 / 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
$109,273
Tax year 2023
Assessed value
$1,410,230
Assessed 2023
Previous assessed
$1,223,680
+15.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$200,880
Assessed improvement
$1,209,350
Land market value
$750,000
Improvement market value
$4,334,600
Total market value
$5,084,600
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
HOT WATER
Cooling
EVAPORATIVE
Stories
5
Units
6
Total area
46,640 SF
Lot
0.29 ac (12,500 SF)
Zoning code
PUD
APN
02349-32-027-000
UPID
US13-0242030
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
AUTO REPAIR, GARAGE
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1906
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
5
Units
6
Lot
0.29 ac
Current owner
From public records · entity-resolved
Rob Denver LLC
Entity
Mailing address
5090 SHOREHAM PL STE #102, SAN DIEGO, CA 92122-5934
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$9,845,000
Rob Denver LLC
Denver Temple LLC
Special Warranty Deed
$8,100,000 · Fairbridge Strategic Capital LLC
Dec 14, 2020
—
Denver Temple LLC
Dmpt LP
Grant Deed
related
$7,930,500 · Reef-pcg LLC NA
Feb 25, 2020
—
Dmpt LP
—
Deed Of Trust
related
$3,500,000 · Wilshire Quinn Income Fund LLC
Apr 1, 2016
$12,375,000
Dmpt LP
Seventeen Seventy Sherman Stre
Grant Deed
—
Nov 8, 2000
$3,900,000
Continental Oil Field Svcs INC
Eulipions INC
Grant Deed
$2,925,000 · Commercial Federal Bank
—
—
Seventeen Seventy Sherman Stre
—
Deed Of Trust
related
$256,500 · Chf Revolving Loan Fund
—
—
David A Muenker
—
Deed Of Trust
related
$50,000 · Commercial Federal Bank
—
—
Seventeen Seventy Sherman Stre
—
Deed Of Trust
related
$1,289,977 · Continental Oil Field Services
—
—
David A Muenker
—
Deed Of Trust
related
$50,000 · Bank Of The West
—
—
Seventeen Seventy Sherman Stre
—
Deed Of Trust
related
$1,289,977 · Continental Oil Field Svcs INC
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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