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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Residential income homes
1975 Oak St Lakewood, CO 80215-2715
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-0787697
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1973
Construction
STEEL FRAME
Total area
5,221 SF
Lot
2.44 ac (106,317 SF)
APN
39-333-01-001
UPID
US13-0787697
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.25M
Owner & transaction history
Applewood Apartments Owner LLC · 7 yrs held
Applewood Apartments Owner LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+4.4%
Commercial (general)
$1.7M
+4.1%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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%
$1,445,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,625,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,695,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,690,000
Change: +4% · Conversion: Moderate
MEDICAL BUILDING
$1,585,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$239 / 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
$55,197
Tax year 2023
Assessed value
$575,774
Assessed 2023
Previous assessed
$575,774
+0.0% YoY
Effective rate
9.59%
On assessed value
Assessed land
$142,465
Assessed improvement
$433,309
Land market value
$2,126,340
Improvement market value
$6,522,300
Total market value
$8,648,640
Applied tax rate
7,039.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
4
Stories
12
Units
4
Rooms
4
Total area
5,221 SF
Lot
2.44 ac (106,317 SF)
APN
39-333-01-001
UPID
US13-0787697
Jurisdiction
JEFFERSON
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1973
Construction
STEEL FRAME
Heating
HOT WATER
Stories
12
Buildings
4
Units
4
Rooms
4
Lot
2.44 ac
Current owner
From public records · entity-resolved
Applewood Apartments Owner LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 101404, DENVER, CO 80250-1404
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
Apr 22, 2019
$7,500,000
Applewood Apartments Owner LLC
Tangiers 24 LLC
Special Warranty Deed
—
Jan 25, 2018
$7,005,000
Tangiers 24 LLC
Lewis-joliet Applewood LLC
Grant Deed
$5,604,000 · Cbre Cap Markets
May 4, 2006
—
Sovereign Invs Applewood LLC
Sovereign Inv Ptrs Ltd Lllp
Quit Claim Deed
—
May 1, 2006
—
Lewis Joliet Applewood LLC
Owner,record
Grant Deed
related
—
Jul 24, 1998
$2,280,000
Lewis-joliet LLP
Phelps Partnership
Grant Deed
$1,824,000 · Wmf Capital Corp
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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