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Property profile & analytics
OFF-MARKET
Estimated value
$7,045,000
Grocery and convenience stores
18471 Grn Vly Rnch Blvd Denver, CO 80249-6918
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1248978
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2019
Construction
WOOD
Total area
13,200 SF
Lot
1.08 ac (47,050 SF)
Zoning code
C-MU-10
APN
00161-03-005-000
UPID
US13-1248978
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
-
Natural Grocers Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$7.05M
Owner & transaction history
Ds,dunlap Trust · 5 yrs held
Ds,dunlap Trust
since 2020
Last sale
$6.9M
1 recorded transaction
Zoning & alternative use
C-MU-10 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-MU-10 district is the most restrictive of the commercial mixed-use districts, with the shortest list of allowed uses. It includes commercial uses appropriate for high-visibility locations such as employment centers and the intersections of arterial streets. The purpose of the district is to concentrate higher intensity commercial uses, spatially define…
Zone name
Commercial Mixed Use District
General category
MIXED_USE
Zone area
190.12 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.4M
+27.2%
Auto repair, garage
$5.3M
+24.5%
Neighborhood: shopping center
$4.3M
+0.9%
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
$7,250,000
ML approach
$7,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,245,000
Current use
RESTAURANT
$5,400,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,285,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,285,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,270,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$7.05M
Range $6.34M – $7.75M · ±10% · vs last sale $6.86M (Apr 16 2020)
Last sale anchor
$6.86M
Apr 16 2020
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
$534 / 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
$93,760
Tax year 2023
Assessed value
$1,210,020
Assessed 2023
Previous assessed
$798,370
+51.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$188,550
Assessed improvement
$1,021,470
Land market value
$705,800
Improvement market value
$3,661,200
Total market value
$4,367,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
13,200 SF
Lot
1.08 ac (47,050 SF)
Zoning code
C-MU-10
APN
00161-03-005-000
UPID
US13-1248978
Jurisdiction
DENVER
Zoning & alternative use
C-MU-10 · Denver, COZoning C-MU-10 · permitted uses
C-MU-10 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-MU-10 district is the most restrictive of the commercial mixed-use districts, with the shortest list of allowed uses. It includes commercial uses appropriate for high-visibility locations such as employment centers and the intersections of arterial streets. The purpose of the district is to concentrate higher intensity commercial uses, spatially define streets, encourage higher site and building design standards, and create a more attractive pedestrian environment
Zone name
Commercial Mixed Use District
General category
MIXED_USE
Zone area
190.12 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
RESTAURANT
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Ds,dunlap Trust
Trust
Free & Clear · 5 yrs held
Mailing address
12612 W ALAMEDA PKWY, LAKEWOOD, CO 80228-2824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 11, 2020
$3,529,400
Ds,dunlap Trust
Evc-wdg Tower LLC
Grant 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.
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