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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Office buildings
1835 Federal Blvd Denver, CO 80219-4953
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1021992
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
WOOD
Total area
5,011 SF
Lot
0.28 ac (12,108 SF)
Zoning code
S-MX-3
APN
05203-06-083-000
UPID
US13-1021992
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
-
Calico Dental Laboratory Dental Office
-
Kids Smiles Dentistry Dental Office
-
Ideal Dental Dental Office
-
Papir Dror J DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$1.13M
Owner & transaction history
Peral Real Estate LLC · 3 yrs held
Peral Real Estate LLC
since 2022
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
S-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+26.8%
Commercial (general)
$1.6M
+26.5%
Medical building
$1.5M
+18.7%
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
$1,260,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,280,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,625,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,620,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$1,520,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,205,000
Change: -6% · Conversion: Easy
RETAIL STORES
$1,205,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10% · vs last sale $1.08M (Dec 19 2022)
Last sale anchor
$1.08M
Dec 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
$226 / 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
$11,237
Tax year 2023
Assessed value
$145,020
Assessed 2023
Previous assessed
$204,480
-29.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$61,260
Assessed improvement
$83,760
Land market value
$423,800
Improvement market value
$585,300
Total market value
$1,009,100
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
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
3
Total area
5,011 SF
Lot
0.28 ac (12,108 SF)
Zoning code
S-MX-3
APN
05203-06-083-000
UPID
US13-1021992
Jurisdiction
DENVER
Zoning & alternative use
S-MX-3 · Denver, CO
Zoning S-MX-3 · permitted uses
S-MX-3 · 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
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1957
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Peral Real Estate LLC
Entity
Mailing address
1235 S DOWNING ST, DENVER, CO 80210-1715
Ownership since
2022
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
Dec 19, 2022
$1,075,000
Peral Real Estate LLC
South Federal Properties LLC
Warranty Deed
$913,700 · Bank Of America NA
Mar 1, 2017
$690,000
South Federal Properties LLC
Arthur A Vigil
Special Warranty Deed
$639,400 · Wells Fargo Bank NA
Mar 4, 2009
—
Arthur A Vigil
—
Trustees Deed
related
—
—
—
Arthur A Vigil
—
Deed Of Trust
related
—
—
—
Arthur A Vigil
—
Deed Of Trust
related
$200,000 · Vectra Bank Colorado NA
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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