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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Grocery and convenience stores
1989 Mississippi Ave Denver, CO 80223-2936
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0734197
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1973
Construction
WOOD
Total area
1,762 SF
Lot
0.52 ac (22,672 SF)
Zoning code
E-MX-3A
APN
05163-17-019-000
UPID
US13-0734197
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
-
Farm Crest Milk Stores Grocery & Convenience Store
-
Conoco Gas Station
-
Alta Convenience Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.37M
Owner & transaction history
Cf Altitude Propco LLC · 1 yrs held
Cf Altitude Propco LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
E-MX-3A · 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
$1,365,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10% · vs last sale $1.37M (Oct 15 2024)
Last sale anchor
$1.37M
Oct 15 2024
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
$775 / 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
$22,682
Tax year 2023
Assessed value
$292,730
Assessed 2023
Previous assessed
$266,220
+10.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$197,200
Assessed improvement
$95,530
Land market value
$736,800
Improvement market value
$342,400
Total market value
$1,079,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Total area
1,762 SF
Lot
0.52 ac (22,672 SF)
Zoning code
E-MX-3A
APN
05163-17-019-000
UPID
US13-0734197
Jurisdiction
DENVER
Zoning & alternative use
E-MX-3A · Denver, CO
Zoning E-MX-3A · permitted uses
E-MX-3A · 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
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Cf Altitude Propco LLC
Entity
Mailing address
353 N CLARK ST, CHICAGO, IL 60654-4704
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Cf Altitude Propco LLC
Pester Marketing Company
Deed
—
Oct 15, 2024
$1,366,300
Realty Income Properties 7 LLC
P Colorado LLC
Special Warranty Deed
—
Sep 16, 2021
$1,475,400
P Colorado LLC
Cf Altitude Propco LLC
Special Warranty Deed
$6,957,500 · Wells Fargo Bank NA
Jan 29, 2021
—
Cf Altitude Propco LLC
—
Deed
related
$46,300,000 · Wells Fargo Bank NA
Jan 19, 2021
—
Cf Altitude Propco LLC Tr
Pester Marketing Co
Grant Deed
—
May 31, 2016
—
Pester Marketing Co
—
Deed
related
—
Jul 25, 2006
$277,000
Pester Marketing Co
Royal Crest Dairy INC Trust
Grant Deed
$3,101,250 · Citywide Banks
—
—
Pester Marketing Co
—
Deed Of Trust
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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