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Property profile & analytics
OFF-MARKET
Estimated value
$140,245,000
Office buildings
201 Colfax Ave Denver, CO 80202-5329
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US13-0650231
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
677,832 SF
Lot
2.42 ac (105,225 SF)
Zoning code
D-C
APN
02346-24-005-000
UPID
US13-0650231
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
-
I Am Yellow Cab Courier Service
-
Prince Institute High School Vocational School
-
Denver Design & Construction General Contractor
-
GIS Day Community Center
-
Denver Parks & Recreation Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$112.31M
Blend (final)
Blend
$140.25M
Owner & transaction history
Civic Center Office Building · 25 yrs held
Civic Center Office Building
since 2000
4 recorded transactions
Zoning & alternative use
D-C · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$219,995,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$219,395,000
Change: -14% · Conversion: Easy
RETAIL STORES
$217,990,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$210,710,000
Change: -17% · Conversion: Easy
MEDICAL BUILDING
$205,825,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$140.25M
Range $126.22M – $154.27M · ±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
$54,609,110
Assessed 2023
Previous assessed
$51,003,170
+7.1% YoY
Assessed land
$7,771,430
Assessed improvement
$46,837,680
Land market value
$27,884,600
Improvement market value
$167,877,000
Total market value
$195,761,600
Applied tax rate
451.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Stories
12
Units
1
Total area
677,832 SF
Lot
2.42 ac (105,225 SF)
Zoning code
D-C
APN
02346-24-005-000
UPID
US13-0650231
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$220.0M
COMMERCIAL (GENERAL)
Est. value
$219.4M
RETAIL STORES
Est. value
$218.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$210.7M
MEDICAL BUILDING
Est. value
$205.8M
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
2001
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
12
Buildings
3
Units
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Civic Center Office Building
Individual
Mailing address
1675 BROADWAY STE #1200, DENVER, CO 80202-4682
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
—
Gary Joseph
—
Deed
related
$872,500 · Justin Joseph Etal
Oct 1, 2008
—
Civic Center Office Building I
—
Deed Of Trust
related
$200,845,000 · Zions First National Bank
Jul 26, 2000
—
Civic Center Office Building
Denver City (co)
Grant Deed
$200,845,000 · Vectra Bank Colorado NA Ttee
—
—
Civic Center Office Building I
—
Deed Of Trust
related
$17,061,560 · Zions First National Bank
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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