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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Turn key restaurants
1949 Market St Denver, CO 80202-1419
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0513474
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Construction
WOOD
Total area
19,136 SF
Lot
0.29 ac (12,524 SF)
Zoning code
D-LD
APN
02279-14-050-000
UPID
US13-0513474
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
-
El Patio Bar & Pub
-
The Captain - Tacos and Sushi Restaurant
-
Con Safos Restaurant
-
Agua Bendita Bar & Pub
-
El Tejano Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
Fb 1949 Market Street LLC · 7 yrs held
Fb 1949 Market Street LLC
since 2019
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$50 / 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
$153,829
Tax year 2023
Assessed value
$1,985,250
Assessed 2023
Previous assessed
$2,090,150
-5.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,214,600
Assessed improvement
$770,650
Land market value
$4,383,400
Improvement market value
$2,762,200
Total market value
$7,145,600
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
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
5
Total area
19,136 SF
Lot
0.29 ac (12,524 SF)
Zoning code
D-LD
APN
02279-14-050-000
UPID
US13-0513474
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.
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
Fb 1949 Market Street LLC
Entity
Mailing address
4145 POWELL RD, POWELL, OH 43065-8066
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2019
$11,250,000
Fb 1949 Market Street LLC
1949 Market LLC
Special Warranty Deed
$9,800,000 · Fortis Private Bank
Sep 11, 2012
—
1949 Market LLC
—
Deed Of Trust
related
$5,200,000 · Bellco Cu
Nov 2, 2009
—
1949 Market LLC
Papay,albert L & Terry L
Quit Claim Deed
related
—
—
—
Albert L Papay
—
Deed Of Trust
related
$1,250,000 · Zions First National Bank
—
—
Albert L Papay
—
Deed Of Trust
related
$1,875,000 · United Western 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.
Try Rey
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