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Property profile & analytics
OFF-MARKET
Estimated value
$49,430,000
Garden apartment buildings
1805 Bannock St 1875 Denver, CO 80223-3636
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2241756
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2017
Construction
WOOD
Total area
196,755 SF
Lot
5.91 ac (257,433 SF)
Zoning code
C-MX-8
APN
05226-15-002-000
UPID
US13-2241756
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
-
Encore Evans Station Apartment Building Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$45.96M
Comparable Approach
Comparable
$68.36M
Blend (final)
Blend
$49.43M
Owner & transaction history
Tmp Evans Project LLC · 6 yrs held
Tmp Evans Project LLC
since 2019
5 recorded transactions
Zoning & alternative use
C-MX-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$80.5M
+29.6%
Auto repair, garage
$78.8M
+26.9%
Neighborhood: shopping center
$63.9M
+2.9%
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%
$49,790,000
6.5%
$45,960,000
7%
$42,680,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$62,090,000
Current use
RESTAURANT
$80,465,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$78,805,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$63,860,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$63,685,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$63,275,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$59,745,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$57,925,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$49.43M
Range $44.49M – $54.37M · ±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
$251 / 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
$428,538
Tax year 2023
Assessed value
$5,530,520
Assessed 2023
Previous assessed
$4,217,740
+31.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,721,120
Assessed improvement
$3,809,400
Land market value
$25,743,300
Improvement market value
$56,856,700
Total market value
$82,600,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
3
Units
224
Rooms
73
Bathrooms
9
Total area
196,755 SF
Lot
5.91 ac (257,433 SF)
Zoning code
C-MX-8
APN
05226-15-002-000
UPID
US13-2241756
Jurisdiction
DENVER
Zoning & alternative use
C-MX-8 · Denver, CO
Zoning C-MX-8 · permitted uses
C-MX-8 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$62.1M
RESTAURANT
Est. value
$80.5M
AUTO REPAIR, GARAGE
Est. value
$78.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$63.9M
COMMERCIAL (GENERAL)
Est. value
$63.7M
RETAIL STORES
Est. value
$63.3M
MEDICAL BUILDING
Est. value
$59.7M
OFFICE BUILDING
Est. value
$57.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Units
224
Rooms
73
Bathrooms
9
Lot
5.91 ac
Current owner
From public records · entity-resolved
Tmp Evans Project LLC
Entity
Mailing address
1700 N LINCOLN ST STE #3450, DENVER, CO 80203-4545
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2020
—
Tmp Evans Project LLC
—
Deed
related
$47,378,000 · Newmark Knight Frank
Dec 19, 2019
$70,000,000
Tmp Evans Project LLC
Emf Evans Station LLC
Grant Deed
$45,500,000 · Hunt Fin Co LLC
Jan 17, 2018
—
Emf Evans Station LLC
—
Loan Modification
related
$30,950,405 · Regions Bk
Dec 1, 2016
—
Emf Evans Station LLC
—
Trustees Deed
related
$30,630,982 · Regions Bk
—
—
Tmp Evans Project LLC
—
Deed Of Trust
related
$47,378,000 · Newmark Knight Frank
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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