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Property profile & analytics
OFF-MARKET
Estimated value
$6,075,000
Medical Office Space
200 Spruce St Denver, CO 80230-7126
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0666755
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
WOOD
Total area
32,532 SF
Lot
1.72 ac (75,065 SF)
Zoning code
B-3
APN
06092-01-037-000
UPID
US13-0666755
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
-
Dr. Kenneth P. Glassman, MD Physician
-
Charney Michael MD Physician
-
Dr. Kathryn F. Hobbs, MD Physician
-
Donor Alliance, Inc. Association / Organization
-
Gregory Barron Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.63M
Comparable Approach
Comparable
$4.22M
Blend (final)
Blend
$6.08M
Owner & transaction history
200 Spruce LLC · 8 yrs held
200 Spruce LLC
since 2017
7 recorded transactions
Zoning & alternative use
B-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.1M
+2.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,185,000
6.5%
$6,630,000
7%
$6,155,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,880,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,115,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$8,325,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$6.08M
Range $5.47M – $6.68M · ±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
$187 / 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
$99,441
Tax year 2023
Assessed value
$2,673,630
Assessed 2023
Previous assessed
$2,250,600
+18.8% YoY
Effective rate
3.72%
On assessed value
Assessed land
$829,360
Assessed improvement
$1,844,270
Land market value
$3,002,600
Improvement market value
$6,610,300
Total market value
$9,612,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
32,532 SF
Lot
1.72 ac (75,065 SF)
Zoning code
B-3
APN
06092-01-037-000
UPID
US13-0666755
Jurisdiction
DENVER
Zoning & alternative use
B-3 · Denver, CO
Zoning B-3 · permitted uses
B-3 · 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
MEDICAL BUILDING Current
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
OFFICE BUILDING
Est. value
$8.3M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
200 Spruce LLC
Entity
Mailing address
200 SPRUCE ST STE #200, DENVER, CO 80230-7127
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2017
$12,000,000
200 Spruce LLC
Smf Lowry I LLC
Grant Deed
—
Nov 28, 2017
—
Smf Lowry I LLC
Smf Lowry I LLC
Quit Claim Deed
related
—
Oct 21, 2013
$323,000
S-k Lowry LLC
Asm Lowry I LLC
Grant Deed
—
Jan 26, 2005
—
Smf Lowry I LLC
Dsf Lowry 1a LLC
Grant Deed
$4,200,000 · Vectra Bank Colorado NA
—
—
Smf Lowry I LLC
—
Deed Of Trust
related
$4,300,000 · Principal Commercial Funding
—
—
Smf Lowry I LLC
—
Deed Of Trust
related
$6,090,000 · Bank Of The West
—
—
13693 LLC
—
Deed Of Trust
related
$416,000 · Community Banks Of Colorado
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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