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Property profile & analytics
OFF-MARKET
Estimated value
$57,330,000
Grocery and convenience stores
1777 Wewatta St Denver, CO 80202-6381
Entity Owned
7-yr Hold
Property ID
US13-2266533
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2015
Construction
CONCRETE
Total area
665,073 SF
Lot
2.01 ac (87,631 SF)
Zoning code
PUD
APN
02332-32-001-000
UPID
US13-2266533
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
-
Sonesta Hotel & Motel
-
Sentral Union Station | Denver Apartments Apartment Complex Holiday Apartment Rental
-
Sentral Corporate Office
-
Diamond DJs Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$49.70M
Blend (final)
Blend
$57.33M
Owner & transaction history
Irp Union Denver Apts LLC · 7 yrs held
Irp Union Denver Apts LLC
since 2019
6 recorded transactions
Zoning & alternative use
PUD · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$57.33M
Range $51.60M – $63.06M · ±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
$86 / 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
$2,373,371
Tax year 2023
Assessed value
$24,598,090
Assessed 2023
Effective rate
9.65%
On assessed value
Assessed land
$2,628,120
Assessed improvement
$21,969,970
Land market value
$30,670,900
Improvement market value
$237,015,100
Total market value
$267,686,000
Applied tax rate
446.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
2
Stories
1
Units
579
Rooms
1655
Bathrooms
1
Total area
665,073 SF
Lot
2.01 ac (87,631 SF)
Zoning code
PUD
APN
02332-32-001-000
UPID
US13-2266533
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.
Building & site characteristics
From public records
Year built
2015
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
579
Rooms
1655
Bathrooms
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Irp Union Denver Apts LLC
Entity
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
—
Irp Union Denver Apartments LLC
—
Deed
related
$525,000 · German American Capital Corp
May 3, 2019
$304,000,000
Irp Union Denver Apts LLC
Nash-holland 17w Investors LLC
Correction Deed
—
Apr 29, 2019
—
Irp Union Denver Aprtments LLC
Nash Holland 17w Investors LLC
Special Warranty Deed
$200,000,000 · Deutsche Bank
Apr 30, 2018
—
Nash-holland 99 S Broadway Inv
Security Svc FCU
Grant Deed
related
—
Apr 19, 2018
—
Nash Holland 17w Investors LLC
—
Deed
related
—
—
—
Nash Holland 17w Investors LLC
—
Loan Modification
related
—
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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