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Property profile & analytics
OFF-MARKET
Estimated value
$43,655,000
Office buildings
1801 Wewatta St Denver, CO 80202-6297
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-2307643
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2015
Construction
STEEL FRAME
Total area
99,434 SF
Lot
0.77 ac (33,376 SF)
Zoning code
PUD
APN
02332-29-008-008
UPID
US13-2307643
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
-
Ranger Global Real Estate Advisors Real Estate Agency
-
SilverDoor (Denver, USA) Real Estate Agency
-
Attorney Robert J. Bowman Law Firm
-
All Clear Foundation Charitable Organization Social Service Agency
-
Elevate Dental Partners Business Administration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$60.36M
Blend (final)
Blend
$43.66M
Owner & transaction history
Bcsp 9 Utw Property LLC · 3 yrs held
Bcsp 9 Utw Property LLC
since 2023
Last sale
$54.0M
1 recorded transaction
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$40.7M
+9.2%
Auto repair, garage
$39.8M
+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
$45,085,000
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
$37,235,000
Current use
RESTAURANT
$40,665,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$39,825,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$32,270,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$32,185,000
Change: -14% · Conversion: Easy
RETAIL STORES
$31,980,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$30,910,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$30,195,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$43.66M
Range $39.29M – $48.02M · ±10% · vs last sale $54.00M (Feb 3 2023)
Last sale anchor
$54.00M
Feb 3 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
$439 / 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
$1,452,851
Tax year 2023
Assessed value
$15,057,630
Assessed 2023
Previous assessed
$15,765,990
-4.5% YoY
Effective rate
9.65%
On assessed value
Assessed land
$3,250,570
Assessed improvement
$11,807,060
Land market value
$11,680,800
Improvement market value
$42,319,200
Total market value
$54,000,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
12
Units
5
Total area
99,434 SF
Lot
0.77 ac (33,376 SF)
Zoning code
PUD
APN
02332-29-008-008
UPID
US13-2307643
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
OFFICE BUILDING Current
Est. value
$37.2M
RESTAURANT
Est. value
$40.7M
AUTO REPAIR, GARAGE
Est. value
$39.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.3M
COMMERCIAL (GENERAL)
Est. value
$32.2M
RETAIL STORES
Est. value
$32.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.9M
MEDICAL BUILDING
Est. value
$30.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
2015
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
12
Units
5
Lot
0.77 ac
Current owner
From public records · entity-resolved
Bcsp 9 Utw Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
200 STATE ST STE, BOSTON, MA 02109-2605
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
—
Bcsp 9 Utw Property LLC
Union Tower West Offices LP
Special Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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