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Property profile & analytics
OFF-MARKET
Estimated value
$115,730,000
Office buildings
1900 16th St Denver, CO 80202-5120
Entity Owned
Free & Clear
Property ID
US13-1955774
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
STEEL FRAME
Total area
405,974 SF
Lot
1.78 ac (77,650 SF)
Zoning code
PUD
APN
02332-11-015-015
UPID
US13-1955774
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
-
PricewaterhouseCoopers LLP Accounting Firm
-
LAZ Parking - P1 Parking Lot & Garage
-
Facebook Denver Office Corporate Office
-
Thomas Mark A Law Firm
-
1900 16th St Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$100.32M
Blend (final)
Blend
$115.73M
Owner & transaction history
COMMONS 19 LLC
COMMONS 19 LLC
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$166.0M
+9.2%
Auto repair, garage
$162.6M
+7.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$152,030,000
Current use
RESTAURANT
$166,030,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$162,605,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$131,765,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$131,400,000
Change: -14% · Conversion: Easy
RETAIL STORES
$130,560,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$126,200,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$123,275,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$115.73M
Range $104.16M – $127.30M · ±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
$285 / 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
$4,854,662
Tax year 2023
Assessed value
$49,528,080
Assessed 2023
Previous assessed
$51,348,130
-3.5% YoY
Effective rate
9.80%
On assessed value
Assessed land
$7,574,380
Assessed improvement
$41,953,700
Land market value
$27,178,300
Improvement market value
$150,371,700
Total market value
$177,550,000
Applied tax rate
446.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
17
Units
8
Total area
405,974 SF
Lot
1.78 ac (77,650 SF)
Zoning code
PUD
APN
02332-11-015-015
UPID
US13-1955774
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$152.0M
RESTAURANT
Est. value
$166.0M
AUTO REPAIR, GARAGE
Est. value
$162.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$131.8M
COMMERCIAL (GENERAL)
Est. value
$131.4M
RETAIL STORES
Est. value
$130.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$126.2M
MEDICAL BUILDING
Est. value
$123.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
17
Units
8
Lot
1.78 ac
Current owner
From public records · entity-resolved
COMMONS 19 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1900 16TH ST STE #250, DENVER, CO 80202-5176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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