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Property profile & analytics
OFF-MARKET
Estimated value
$296,155,000
Office buildings
1800 Larimer St Denver, CO 80202-1402
Entity Owned
Free & Clear
Property ID
US13-1037641
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2009
Construction
STEEL FRAME
Total area
545,292 SF
Lot
1.15 ac (50,176 SF)
Zoning code
D-C
APN
02345-08-026-000
UPID
US13-1037641
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
-
McKinsey & Company Consultant
-
Xcel Energy Electric Utility Company
-
Crossroads Commerce Park Park
-
Blink Charging Station Electric Vehicle Charging Station
-
Proprietary Capital Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$331.01M
Blend (final)
Blend
$296.16M
Owner & transaction history
Stonelex F LLC
Stonelex F LLC
since 2025
Last sale
$291.0M
7 recorded transactions
Zoning & alternative use
D-C · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$223.0M
+9.2%
Auto repair, garage
$218.4M
+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
$271,605,000
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
$204,200,000
Current use
RESTAURANT
$223,010,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$218,405,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$296.16M
Range $266.54M – $325.77M · ±10% · vs last sale $291.00M (Jan 19 2022)
Last sale anchor
$291.00M
Jan 19 2022
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
$543 / 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
$5,734,557
Tax year 2023
Assessed value
$74,007,650
Assessed 2023
Previous assessed
$55,141,210
+34.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$4,541,340
Assessed improvement
$69,466,310
Land market value
$16,307,200
Improvement market value
$248,983,200
Total market value
$265,290,400
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
22
Units
9
Bathrooms
1
Total area
545,292 SF
Lot
1.15 ac (50,176 SF)
Zoning code
D-C
APN
02345-08-026-000
UPID
US13-1037641
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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
$204.2M
RESTAURANT
Est. value
$223.0M
AUTO REPAIR, GARAGE
Est. value
$218.4M
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
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
22
Units
9
Bathrooms
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Stonelex F LLC
Entity
Free & Clear · 0 yrs held
Mailing address
200 STATE ST STE #5, BOSTON, MA 02109-2628
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Stonelex F LLC
Bcsp Larimer Property LLC
Special Warranty Deed
—
Feb 15, 2022
—
Bcsp Larimer Property LLC
—
Deed
related
$190,600,000 · Parlex 5 Finco LLC
Jan 19, 2022
$291,000,000
Bcsp Larimer Property LLC
1800 Larimer LLC
Special Warranty Deed
$172,000,000 · Bcsp 8 Investments LP
Feb 17, 2011
$213,223,000
1800 Larimer LLC
Westfield Dev Partners Vi LLC
Grant Deed
—
May 14, 2009
—
18th & Larimer Land Co Lllp
Public Service Co Of Colorado
Quit Claim Deed
related
—
May 9, 2008
—
Dev Partners Vi Lllp Westfield
Westfield Investors Vi Lllp
Quit Claim Deed
related
$149,540,000 · Wachovia Bank NA
Jun 9, 2006
$3,212,000
18th & Larimer Land Co Lllp
Denver Immovable Corp
Grant Deed
—
Jun 9, 2006
—
18th & Larimer Land Co Lllp
Sunset Park Dev LLP
Grant Deed
related
$13,000,000 · Guaranty Bank
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
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