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Property profile & analytics
OFF-MARKET
Estimated value
$12,995,000
Hotels
1845 Sherman St Denver, CO 80203-1113
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2377760
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
CONCRETE
Total area
108,707 SF
Lot
0.54 ac (23,437 SF)
Zoning code
C-MX-16
APN
02349-31-008-000
UPID
US13-2377760
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
-
Hampton Inn & Suites Denver-Downtown Hotel & Motel
-
Sherman Lodging LLC Hotel & Motel Bed & Breakfast
-
1845 Sherman St Parking Parking Lot & Garage
-
Coors Field Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.00M
Owner & transaction history
Delta Denver LLC · 1 yrs held
Delta Denver LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-MX-16 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$13,940,000
6.5%
$12,870,000
7%
$11,950,000
Blend value · Realmo final
$13.00M
Range $11.70M – $14.29M · ±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
$120 / 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
$495,359
Tax year 2023
Assessed value
$6,392,890
Assessed 2023
Previous assessed
$4,951,920
+29.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,626,370
Assessed improvement
$4,766,520
Land market value
$5,859,300
Improvement market value
$17,084,300
Total market value
$22,943,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
7
Units
153
Total area
108,707 SF
Lot
0.54 ac (23,437 SF)
Zoning code
C-MX-16
APN
02349-31-008-000
UPID
US13-2377760
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.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
7
Units
153
Lot
0.54 ac
Current owner
From public records · entity-resolved
Delta Denver LLC
Entity
Mailing address
300 CENTERVILLE RD STE #300, WARWICK, RI 02886-0200
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
$23,750,000
Delta Denver LLC
Mhf Denver V LLC
Special Warranty Deed
$15,437,500 · Wells Fargo Bank NA
Dec 5, 2019
—
Mhf Denver V LLC
—
Grant Deed
related
$152,000,000 · Wells Fargo Bk
Nov 15, 2018
—
Mhf Denver Operating V LLC
—
Deed
related
$68,878,421 · Wells Fargo Bk
Dec 16, 2016
$27,430,000
Mhf Denver V LLC
Ia Urban Hotels Denver LLC
Special Warranty Deed
$68,878,421 · Wells Fargo Bank NA
Feb 19, 2008
—
Ia Urban Hotels Denver LLC
—
Trustees Deed
related
$11,880,000 · Capmark Bank
Dec 5, 2005
$17,925,000
Rlj Denver Suites Hotel LLC
Sherman Lodging LLC
Special Warranty Deed
$11,880,000 · Gmac Commercial Mortgage Bank
Jun 10, 2004
$3,900,000
Sherman Lodging LLC
Capital Columbine Office Ptshp
Grant Deed
$1,600,000 · Guaranty Bank & Trust Co
—
—
Mhf Denver Operating V LLC
—
Loan Modification
related
$68,878,421 · Wells Fargo Bk
—
—
Ia Urban Hotels Denver LLC
—
Deed Of Trust
related
$10,296,647 · Capmark Bank
—
—
Ia Urban Hotels Denver LLC
—
Deed Of Trust
related
$14,000,000 · North American Co/life & Healt
—
—
Sherman Lodging LLC
—
Deed Of Trust
related
—
—
—
Sherman Lodging LLC
—
Deed Of Trust
related
—
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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