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Property profile & analytics
FOR LEASE
Medical Office Space
19284 Cottonwood Dr, Parker, CO 80138
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1097200
For Lease
1 / 2
$27 SF/Yr
19284 Cottonwood Dr, Parker, CO 80138
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
30,024 SF
Lot
1.96 ac (85,334 SF)
APN
R0474343
UPID
US13-1097200
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
-
Mind-Body Incorporated Health and Sport Crisis Center Medical Clinic
-
Dr Trathen & Associates PC Family Counselor
-
Dr. Linda Haney Pediatrician Physician
-
Sarah Coakley, DO Physician
-
Colorado Foot + Ankle Sports Medicine Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.79M
CAP Approach
CAP
$6.63M
Comparable Approach
Comparable
$10.65M
Blend (final)
Blend
$9.30M
Owner & transaction history
Hpiii Denver II LLC · 4 yrs held
Hpiii Denver II LLC
since 2022
Last sale
$10.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.9M
+33.8%
Neighborhood: shopping center
$11.3M
+16.8%
Retail stores
$10.2M
+6.2%
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 Parker submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parker 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
$8,510,000
ML approach
$8,790,000
CAP Approach
CAP Return
Estimation
6%
$7,180,000
6.5%
$6,630,000
7%
$6,155,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,635,000
Current use
AUTO REPAIR, GARAGE
$12,895,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,255,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$10,230,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,760,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$9.30M
Range $8.37M – $10.22M · ±10% · vs last sale $10.60M (Apr 19 2022)
Last sale anchor
$10.60M
Apr 19 2022
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
$310 / 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
$263,575
Tax year 2023
Assessed value
$2,931,850
Assessed 2023
Previous assessed
$2,089,670
+40.3% YoY
Effective rate
8.99%
On assessed value
Assessed land
$214,310
Assessed improvement
$2,717,540
Land market value
$768,123
Improvement market value
$9,740,277
Total market value
$10,508,400
Applied tax rate
2,625.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
30,024 SF
Lot
1.96 ac (85,334 SF)
APN
R0474343
UPID
US13-1097200
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.3M
RETAIL STORES
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$9.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2006
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Hpiii Denver II LLC
Entity
Mailing address
1400 N WATER ST STE #500, MILWAUKEE, WI 53202-4129
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
$10,600,000
Hpiii Denver II LLC
Crown Point Medical Offices LLC
Special Warranty Deed
$8,450,000 · American State Bank
Jul 27, 2018
—
Matnstreet Pier LLC
—
Grant Deed
related
$12,380,000 · Timothy Tait
Feb 21, 2018
—
Crown Pt Medical Offices LLC
—
Grant Deed
related
$12,000,000 · Bellco Cu
May 5, 2017
—
Crown Pt Medical Offices LLC
Plains Point Lllp
Quit Claim Deed
related
—
Apr 12, 2004
—
Tcp 1 LLC
Quorum Equities Group LLC
Grant Deed
related
—
—
—
Plains Point Lllp
—
Deed Of Trust
related
$5,600,000 · Cibc INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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