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Property profile & analytics
OFF-MARKET
Estimated value
$25,700,000
High-rise multifamily apartments
1911 Josephine St Denver, CO 80210-4392
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-1981230
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Construction
WOOD
Total area
128,933 SF
Lot
1.03 ac (44,928 SF)
Zoning code
G-MU-5
APN
05252-07-038-000
UPID
US13-1981230
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
-
Samsung appliance repair Home Appliance Store
-
Samsung Repair Expert Electronics & Wireless Store Computer & Electronic Repair
-
Christopher Ian Turner Photography Photography Service (Bike/Boat/Book/etc) Store
-
Chris Turner | Denver Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.12M
Comparable Approach
Comparable
$18.27M
Blend (final)
Blend
$25.70M
Owner & transaction history
Josephine Street Apts LLC · 8 yrs held
Josephine Street Apts LLC
since 2018
1 recorded transaction
Zoning & alternative use
G-MU-5 · 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%
$32,630,000
6.5%
$30,120,000
7%
$27,965,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$41,845,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$41,730,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$25.70M
Range $23.13M – $28.27M · ±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
$199 / 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
$317,230
Tax year 2023
Assessed value
$4,094,030
Assessed 2023
Previous assessed
$3,196,490
+28.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$219,690
Assessed improvement
$3,874,340
Land market value
$3,334,000
Improvement market value
$57,826,000
Total market value
$61,160,000
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
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
5
Units
139
Rooms
39
Bathrooms
1
Total area
128,933 SF
Lot
1.03 ac (44,928 SF)
Zoning code
G-MU-5
APN
05252-07-038-000
UPID
US13-1981230
Jurisdiction
DENVER
Zoning & alternative use
G-MU-5 · Denver, CO
Zoning G-MU-5 · permitted uses
G-MU-5 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.8M
COMMERCIAL (GENERAL)
Est. value
$41.7M
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
2
Units
139
Rooms
39
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Josephine Street Apts LLC
Entity
Mailing address
500 E BROWARD BLVD STE #1130, FORT LAUDERDALE, FL 33394-3022
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2018
$92,500,000
Josephine Street Apts LLC
Josephine Apartments LP
Grant Deed
related
$46,750,000 · Miscellaneous Ins Co
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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