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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Manufacturing properties
1975 Bannock St Denver, CO 80223-3910
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0448666
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
STEEL FRAME
Total area
10,110 SF
Lot
0.29 ac (12,500 SF)
Zoning code
I-A
APN
05272-03-012-000
UPID
US13-0448666
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
-
LaCour Stoneworks Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.99M
Owner & transaction history
Lacour Properbes LLC · 3 yrs held
Lacour Properbes LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+77.3%
Commercial (general)
$3.3M
+76.9%
Retail stores
$3.3M
+75.7%
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
$1,955,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
$1,430,000
6.5%
$1,320,000
7%
$1,225,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,850,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,280,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,270,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$3,250,000
Change: +76% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,190,000
Change: +72% · Conversion: Difficult
MEDICAL BUILDING
$3,070,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.00M (Jul 25 2022)
Last sale anchor
$2.00M
Jul 25 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
$197 / 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
$35,603
Tax year 2023
Assessed value
$459,480
Assessed 2023
Previous assessed
$427,840
+7.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$122,060
Assessed improvement
$337,420
Land market value
$437,500
Improvement market value
$1,209,400
Total market value
$1,646,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
5
Total area
10,110 SF
Lot
0.29 ac (12,500 SF)
Zoning code
I-A
APN
05272-03-012-000
UPID
US13-0448666
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning I-A · permitted uses
I-A · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1975
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
Lacour Properbes LLC
Entity
Mailing address
1975 S BANNOCK ST, DENVER, CO 80223-3910
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 25, 2022
$1,999,000
Lacour Properbes LLC
Bannock Partners LLC
Special Warranty Deed
$2,089,000 · Pacific West Bank
Oct 22, 2021
—
Bannock Partners LLC
Jrg LLC
Special Warranty Deed
—
Apr 24, 2018
$1,500,000
Jrg LLC
1975 S Bannock LLC
Grant Deed
$593,449 · 1975 S Bannock LLC
Jun 30, 2010
$265,000
1975 S Bannock LLC
Leitzke,annette M
Grant Deed
$636,000 · Annette M Leitzke
Feb 26, 2010
—
Annette M Leitzke
Leitkze Gustav G JR
Quit Claim Deed
related
—
May 12, 2006
—
Annette M Leitzke
Leitkze,gustav G JR
Quit Claim Deed
related
—
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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