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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Office buildings
1901 Navajo St Denver, CO 80223-3845
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1259281
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
WOOD
Total area
6,620 SF
Lot
0.72 ac (31,250 SF)
Zoning code
I-MX-3
APN
05281-02-015-000
UPID
US13-1259281
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
-
Capra Electric Inc Electrical Service General Contractor
-
Trees Corporate Office
-
Great West Land Group LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.46M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.48M
Owner & transaction history
1900 South LLC · 3 yrs held
1900 South LLC
since 2023
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
I-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+38.9%
Auto repair, garage
$2.7M
+36.1%
Neighborhood: shopping center
$2.2M
+10.2%
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
$2,355,000
ML approach
$2,460,000
CAP Approach
CAP Return
Estimation
6%
$1,725,000
6.5%
$1,590,000
7%
$1,480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,950,000
Current use
RESTAURANT
$2,705,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,650,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,150,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,145,000
Change: +10% · Conversion: Easy
RETAIL STORES
$2,130,000
Change: +9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,090,000
Change: +7% · Conversion: Easy
MEDICAL BUILDING
$2,010,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±10% · vs last sale $2.55M (Apr 12 2023)
Last sale anchor
$2.55M
Apr 12 2023
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
$375 / 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
$23,409
Tax year 2023
Assessed value
$302,100
Assessed 2023
Previous assessed
$317,490
-4.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$253,190
Assessed improvement
$48,910
Land market value
$937,500
Improvement market value
$175,300
Total market value
$1,112,800
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
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
9
Total area
6,620 SF
Lot
0.72 ac (31,250 SF)
Zoning code
I-MX-3
APN
05281-02-015-000
UPID
US13-1259281
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, CO
Zoning I-MX-3 · permitted uses
I-MX-3 · 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
$2.0M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
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
1959
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
9
Lot
0.72 ac
Current owner
From public records · entity-resolved
1900 South LLC
Entity
Mailing address
1060 BANNOCK ST STE #305, DENVER, CO 80204-4078
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
$2,550,000
1900 South LLC
Ruby River LLC
Special Warranty Deed
$2,221,053 · Enterprise Community Loan Fund INC
Jul 26, 2018
$750,000
Ruby River Navajo LLC
Capra,michael & Joan D
Warranty Deed
$600,000 · Michael & Joan D Capra
Jul 17, 2013
—
Michael Capra
Capra,michael
Quit Claim Deed
related
—
—
—
Michael Capra
—
Deed Of Trust
related
$33,873 · Community First National Bank
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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