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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office Spaces
1872 Pearl St Denver, CO 80210-3137
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0260807
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1911
Total area
1,505 SF
Lot
0.07 ac (3,120 SF)
Zoning code
U-MS-2X
APN
05227-37-011-000
UPID
US13-0260807
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
-
Rewired Life - Reiki and Aromatherapy Alternative Medicine Practice
-
Ellie Foster Counseling Psychotherapist
-
Sage Physical Therapy Denver Medical Clinic
-
Physical Therapy & Lifetime Wellness Medical Clinic
-
Boudreaux Psychotherapy, LLC Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$928k
Blend (final)
Blend
$785k
Owner & transaction history
Elizabeth Taylor Walley · 5 yrs held
Elizabeth Taylor Walley
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
U-MS-2X · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$605,000
+23.8%
Neighborhood: shopping center
$490,000
+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
$785,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$485,000
Current use
AUTO REPAIR, GARAGE
$605,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $800k (Mar 30 2021)
Last sale anchor
$800k
Mar 30 2021
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
$522 / 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
$15,014
Tax year 2023
Assessed value
$193,770
Assessed 2023
Previous assessed
$170,340
+13.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$100,440
Assessed improvement
$93,330
Land market value
$390,000
Improvement market value
$334,500
Total market value
$724,500
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1911
Heating
FORCED AIR
Buildings
2
Stories
2
Rooms
5
Bathrooms
2
Total area
1,505 SF
Lot
0.07 ac (3,120 SF)
Zoning code
U-MS-2X
APN
05227-37-011-000
UPID
US13-0260807
Jurisdiction
DENVER
Zoning & alternative use
U-MS-2X · Denver, CO
Zoning U-MS-2X · permitted uses
U-MS-2X · 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
$485,000
AUTO REPAIR, GARAGE
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1911
Heating
FORCED AIR
Stories
2
Buildings
2
Rooms
5
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Elizabeth Taylor Walley
Individual
Mailing address
1872 S PEARL ST, DENVER, CO 80210-3137
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Elizabeth Taylor Walley
James M Walley JR
Intrafamily Transfer
related
—
Feb 21, 2018
$800,000
Elizabeth Taylor Walley
Scott Jordan Graham
Warranty Deed
$400,000 · United Wholesale Mortgage
Aug 8, 2014
—
Graham S Jordan
Jordan,graham S
Quit Claim Deed
related
—
Jul 9, 2014
$399,000
Graham S Jordan
Driggers,jess & Nicole
Warranty Deed
$339,150 · Navy FCU
Jun 13, 2011
$302,500
Jess Driggers
Melnick,andrew D
Warranty Deed
$294,831 · Megastar Financial Corp
Jul 18, 2002
$216,500
Andrew D Melnick
Reed,polly A
Grant Deed
$194,850 · Megastar Financial Corp
—
—
Polly A Reed
—
Deed Of Trust
related
$25,000 · Public Service Cu
—
—
Graham S Jordan
—
Deed Of Trust
related
$20,000 · Navy FCU
—
—
Graham S Jordan
—
Deed Of Trust
related
$77,713 · Navy FCU
—
—
Andrew D Melnick
—
Deed Of Trust
related
$198,000 · Megastar Financial Corp
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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