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Property profile & analytics
OFF-MARKET
Estimated value
$23,625,000
High-rise multifamily apartments
1880 Little Raven St Denver, CO 80202-6128
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1232482
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
CONCRETE
Total area
141,576 SF
Lot
0.92 ac (40,232 SF)
Zoning code
PUD
APN
02332-20-026-000
UPID
US13-1232482
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
-
1880 Little Raven Apartment Complex
-
Sealcoating your assets General Contractor Construction Company
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.63M
Owner & transaction history
David M Naeger · 6 yrs held
David M Naeger
since 2019
7 recorded transactions
Zoning & alternative use
PUD · 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%
$35,825,000
6.5%
$33,070,000
7%
$30,710,000
Blend value · Realmo final
$23.63M
Range $21.26M – $25.99M · ±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
$167 / 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
$407,336
Tax year 2023
Assessed value
$4,821,340
Assessed 2023
Previous assessed
$4,225,930
+14.1% YoY
Effective rate
8.45%
On assessed value
Assessed land
$939,760
Assessed improvement
$3,881,580
Land market value
$14,081,200
Improvement market value
$57,934,100
Total market value
$72,015,300
Applied tax rate
324.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
7
Units
161
Rooms
43
Bathrooms
1
Total area
141,576 SF
Lot
0.92 ac (40,232 SF)
Zoning code
PUD
APN
02332-20-026-000
UPID
US13-1232482
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
2016
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
7
Buildings
2
Units
161
Rooms
43
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
David M Naeger
Individual
Mailing address
808 WASHINGTON ST STE #500, VANCOUVER, WA 98660-3577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
$2,540,000
David M Naeger
Fredrick G Westerman III
Grant Deed
$2,000,000 · Bank Of America
Jul 31, 2019
—
Frederick G Westerman III
Westerman,melissa H
Quit Claim Deed
related
—
Aug 18, 2016
—
Holland Parkside Investors LLC
—
Deed
related
$34,285,000 · Pnc Bk
May 26, 2015
$7,500,000
Holland Parkside Investors LLC
Parkside Townhomes LLC
Grant Deed
—
Dec 30, 2010
—
Frederick G Westerman III
Westerman,frederick G III
Quit Claim Deed
related
$996,000 · Wells Fargo Bank
Jun 25, 2008
—
Parkside Townhomes LLC
Central Platte Valley Mgmt LLC
Grant Deed
related
—
Aug 27, 2004
$1,059,100
Brownstones Of Riverfront Park Ll
Central Platte Valley Mgmt LLC
Grant Deed
$16,792 · Bank One NA
—
—
Holland Parkside Investors LLC
—
Loan Modification
related
$34,285,000 · Pnc Bk
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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