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Property profile & analytics
FOR SALE
Office buildings
2011 Cherokee St Denver, CO 80223
Entity Owned
~
Est. High Equity
Property ID
US13-2701485
For Sale
1 / 4
$699,000
2011 Cherokee St, Denver, CO 80223
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
WOOD
Total area
2,198 SF
Lot
0.13 ac (5,500 SF)
Zoning code
I-A
APN
05272-05-028-000
UPID
US13-2701485
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
-
Zastrow Plumbing Services Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$630k
Owner & transaction history
2011cherokee LLC
2011cherokee LLC
since 2025
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$880,000
+36.1%
Neighborhood: shopping center
$715,000
+10.2%
Commercial (general)
$710,000
+9.9%
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%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Current use
AUTO REPAIR, GARAGE
$880,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +10% · Conversion: Easy
RETAIL STORES
$705,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$665,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $675k (Aug 3 2025)
Last sale anchor
$675k
Aug 3 2025
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
$287 / 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
$10,673
Tax year 2023
Assessed value
$137,740
Assessed 2023
Previous assessed
$137,740
+0.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$45,340
Assessed improvement
$92,400
Land market value
$192,500
Improvement market value
$331,200
Total market value
$523,700
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
Status
For Sale
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
8
Total area
2,198 SF
Lot
0.13 ac (5,500 SF)
Zoning code
I-A
APN
05272-05-028-000
UPID
US13-2701485
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning I-A · permitted uses
I-A · 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
$645,000
AUTO REPAIR, GARAGE
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$665,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Lot
0.13 ac
Current owner
From public records · entity-resolved
2011cherokee LLC
Entity
Mailing address
1437 BANNOCK ST, DENVER, CO 80202-5337
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
$675,000
2011cherokee LLC
Empowered Investments LLC
Special Warranty Deed
$573,750 · First Citizens Bank & Trust Co
Apr 11, 2025
—
2100 Cherokee LLC
—
Deed
related
$1,500,000 · Berkley Bk A Branch Of St Bk Of Downs
Apr 18, 2024
—
City And County Of Denver
Cherokee17 LLC
Special Warranty Deed
—
Dec 22, 2023
$685,000
Empowered Investments LLC
2011 South Cherokee LLC
Special Warranty Deed
$548,000 · Htlf Bank
Feb 9, 2004
$225,000
2011 South Cherokee LLC
Souder,james S & Mary R
Grant Deed
—
Jan 22, 2004
$202,500
James S Souder
Winn,william H & Kathryn T
Grant Deed
$180,000 · William H & Kathryn T Winn
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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