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Property profile & analytics
OFF-MARKET
Estimated value
$23,570,000
Office buildings
2000 3rd Ave Denver, CO 80223-1027
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0842049
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1993
Construction
CONCRETE
Total area
113,932 SF
Lot
9.6 ac (418,185 SF)
Zoning code
I-B
APN
05093-00-082-000
UPID
US13-0842049
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
-
Ruby Hill SB1 Sports Field & Court
-
Jefferson Park United Neighbors Park
-
Denver Wastewater Management City Government Office
-
Denver Public Works Public Works Department Paving Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.40M
Comparable Approach
Comparable
$22.89M
Blend (final)
Blend
$23.57M
Owner & transaction history
City & County Of Denver · 5 yrs held
City & County Of Denver
since 2020
3 recorded transactions
Zoning & alternative use
I-B · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$37.0M
+10.2%
Commercial (general)
$36.9M
+9.9%
Retail stores
$36.6M
+9.2%
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%
$29,675,000
6.5%
$27,395,000
7%
$25,435,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$33,540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$36,980,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$36,875,000
Change: +10% · Conversion: Easy
RETAIL STORES
$36,640,000
Change: +9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$35,955,000
Change: +7% · Conversion: Easy
MEDICAL BUILDING
$34,595,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$23.57M
Range $21.21M – $25.93M · ±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
$207 / 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
Assessed value
$29,688,230
Assessed 2023
Previous assessed
$25,888,250
+14.7% YoY
Assessed land
$2,791,790
Assessed improvement
$26,896,440
Land market value
$10,036,400
Improvement market value
$96,403,000
Total market value
$106,439,400
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
6
Units
3
Total area
113,932 SF
Lot
9.6 ac (418,185 SF)
Zoning code
I-B
APN
05093-00-082-000
UPID
US13-0842049
Jurisdiction
DENVER
Zoning & alternative use
I-B · Denver, CO
Zoning I-B · permitted uses
I-B · 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
OFFICE BUILDING Current
Est. value
$33.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.0M
COMMERCIAL (GENERAL)
Est. value
$36.9M
RETAIL STORES
Est. value
$36.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.0M
MEDICAL BUILDING
Est. value
$34.6M
OFFICE BUILDING 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
1993
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
6
Buildings
2
Units
3
Lot
9.6 ac
Current owner
From public records · entity-resolved
City & County Of Denver
Entity
Free & Clear · 5 yrs held
Mailing address
201 W COLFAX AVE DEPT #401, DENVER, CO 80202-5330
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
City & County Of Denver
Wastewater Roslyn Prop Trust
Quit Claim Deed
related
—
Oct 26, 2010
—
City & County Of Denver
Denver Public Fa Trust 2001a
Quit Claim Deed
—
Oct 26, 2010
$14,800,000
Wastewater Of Roslyn Pro Trust 2010b
City & County Of Denver
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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