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Property profile & analytics
OFF-MARKET
Estimated value
$6,100,000
Turn key restaurants
1909 Blake St Denver, CO 80202-1229
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0698163
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Construction
WOOD
Total area
17,278 SF
Lot
0.29 ac (12,540 SF)
Zoning code
D-LD
APN
02279-13-017-000
UPID
US13-0698163
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
-
Livv Nightclub Nightclub DJ & Entertainment
-
Union Station Police Department Corporate Office
-
Beta 2.0 Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$6.10M
Owner & transaction history
Mile High On Blake St LLC · 1 yrs held
Mile High On Blake St LLC
since 2024
Last sale
$6.1M
4 recorded transactions
Zoning & alternative use
D-LD · 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
$6,100,000
ML approach
$6,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,065,000
Current use
AUTO REPAIR, GARAGE
$6,920,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$6,470,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$6.10M
Range $5.49M – $6.71M · ±10% · vs last sale $6.10M (Dec 16 2024)
Last sale anchor
$6.10M
Dec 16 2024
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
$353 / 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
$94,257
Tax year 2023
Assessed value
$1,216,440
Assessed 2023
Previous assessed
$1,273,100
-4.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,216,160
Assessed improvement
$280
Land market value
$4,389,000
Improvement market value
$1,000
Total market value
$4,390,000
Applied tax rate
320.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1910
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
17,278 SF
Lot
0.29 ac (12,540 SF)
Zoning code
D-LD
APN
02279-13-017-000
UPID
US13-0698163
Jurisdiction
DENVER
Zoning & alternative use
D-LD · Denver, CO
Zoning D-LD · permitted uses
D-LD · 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
RESTAURANT Current
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.5M
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE 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
1910
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mile High On Blake St LLC
Entity
Mailing address
709 S HAVANA ST, AURORA, CO 80012-3013
Ownership since
2024
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
Dec 16, 2024
$6,100,000
Mile High On Blake St LLC
R And R LLC
Special Warranty Deed
—
Apr 27, 2023
—
R And R LLC
—
Deed
related
$1,800,000 · Midfirst Bank
Jan 25, 2023
$5,555,000
R And R LLC
Zachers Investment LLC
Special Warranty Deed
$3,500,000 · Zacher S Investment LLC
—
—
Zackers & Investment LLC
—
Deed Of Trust
related
$350,000 · Milagro Charitable Supporting
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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