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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Super regional malls
1945 Sheridan Blvd Denver, CO 80227-3772
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0237829
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1993
Construction
STEEL FRAME
Total area
17,470 SF
Lot
1.64 ac (71,529 SF)
Zoning code
S-CC-3X
APN
04251-00-088-000
UPID
US13-0237829
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
-
Papa Murphy's | Take 'N' Bake Pizza Restaurant
-
Total by Verizon Mobile Phone Store Electronics & Wireless Store
-
Jewell Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Riviera Family Dentistry Dental Office
-
Optimum Air Duct Cleaning Denver HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.06M
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
1945 S Federal Blvd LLC · 3 yrs held
1945 S Federal Blvd LLC
since 2022
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
S-CC-3X · 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
$2,800,000
ML approach
$3,055,000
CAP Approach
CAP Return
Estimation
6%
$4,270,000
6.5%
$3,940,000
7%
$3,660,000
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $3.00M (Nov 10 2022)
Last sale anchor
$3.00M
Nov 10 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
$170 / 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
$64,674
Tax year 2023
Assessed value
$834,660
Assessed 2023
Previous assessed
$876,260
-4.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$390,770
Assessed improvement
$443,890
Land market value
$1,430,600
Improvement market value
$1,591,000
Total market value
$3,021,600
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Total area
17,470 SF
Lot
1.64 ac (71,529 SF)
Zoning code
S-CC-3X
APN
04251-00-088-000
UPID
US13-0237829
Jurisdiction
DENVER
Zoning & alternative use
S-CC-3X · Denver, CO
Zoning S-CC-3X · permitted uses
S-CC-3X · 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.
Building & site characteristics
From public records
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
1.64 ac
Current owner
From public records · entity-resolved
1945 S Federal Blvd LLC
Entity
Mailing address
2951 W 114TH CT STE #600, WESTMINSTER, CO 80234-4659
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
Jul 21, 2025
—
Shops At Sheridan LLC
—
Deed
related
$3,290,000 · Ent Cu
Nov 10, 2022
$3,000,000
1945 S Federal Blvd LLC
Pennywise Partners LLC
Special Warranty Deed
—
Oct 2, 2017
—
Pennywise Partners LLC
—
Deed
related
$1,134,905 · Essie Perlmutter
Dec 18, 2000
$2,780,000
Pennywise Partners LLC
Leung/luk Investments LLC
Grant Deed
—
—
—
Pennywise Partners LLC
—
Deed Of Trust
related
$1,350,000 · John Alden Life Insurance
—
—
Pennywise Partners LLC
—
Deed Of Trust
related
$1,134,905 · Essie Perlmutter
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.
Try Rey
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