Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,205,000
Commercial real estate
1840 Sherman St Denver, CO 80203
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US13-0697969
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
26,560 SF
Lot
0.61 ac (26,560 SF)
Zoning code
C-MX-16
APN
02349-07-009-000
UPID
US13-0697969
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
-
Republic Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.21M
Owner & transaction history
18th & Grant LLC · 13 yrs held
18th & Grant LLC
since 2012
7 recorded transactions
Zoning & alternative use
C-MX-16 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.6M
+0.3%
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%
$6,235,000
6.5%
$5,755,000
7%
$5,345,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,620,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$8,540,000
Change: -1% · Conversion: Easy
MEDICAL BUILDING
$8,065,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$5.21M
Range $4.68M – $5.73M · ±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
$196 / 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
$143,569
Tax year 2023
Assessed value
$1,852,840
Assessed 2023
Previous assessed
$1,155,650
+60.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,852,560
Assessed improvement
$280
Land market value
$6,640,000
Improvement market value
$1,000
Total market value
$6,641,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
26,560 SF
Lot
0.61 ac (26,560 SF)
Zoning code
C-MX-16
APN
02349-07-009-000
UPID
US13-0697969
Jurisdiction
DENVER
Zoning & alternative use
C-MX-16 · Denver, CO
Zoning C-MX-16 · permitted uses
C-MX-16 · 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
COMMERCIAL (GENERAL) Current
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
RETAIL STORES
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$8.1M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
18th & Grant LLC
Entity
Mailing address
1615 CALIFORNIA ST STE #707, DENVER, CO 80202-3706
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2012
$5,682,000
18th & Grant LLC
Sherman Properties LLC
Warranty Deed
$3,500,000 · Citywide Banks
Nov 7, 2012
—
18th & Grant LLC
Sherman Properties LLC
Grant Deed
related
—
Aug 19, 2008
—
Sherman Properties LLC
—
Deed Of Trust
related
$14,000,000 · New Frontier Bank
Jan 10, 2006
$5,200,000
Sherman Properties LLC
Paradise Investment Props LLC
Grant Deed
$4,160,000 · American National Bank & Trust
Sep 27, 1999
$3,015,000
Investment Properties Paradise
Terrapark Properties
Grant Deed
$2,412,000 · Vectra Bank Colorado NA
—
—
Paradise Investment Props LLC
—
Deed Of Trust
related
$43,000 · Firstbank Of Denver NA
—
—
Sherman Properties LLC
—
Deed Of Trust
related
$3,700,000 · Bank Of The West
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1840 Sherman St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
