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Property profile & analytics
OFF-MARKET
Bars & Pubs
2027 Colfax Ave Denver, CO 80204-2331
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US13-0231426
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1897
Construction
WOOD
Total area
37,164 SF
Lot
1.1 ac (47,871 SF)
Zoning code
C-MX-5
APN
05042-02-020-000
UPID
US13-0231426
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
-
Mile High Station Hotel & Motel Resort
-
CEI (Concrete Express, Inc.) Construction Company General Contractor
-
Edifice LLC Real Estate Agency
-
Denver Halloween Ball Hotel & Motel Resort
-
BrandWeld Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Windmill Creek Enterprises LLC · 25 yrs held
Windmill Creek Enterprises LLC
since 2001
7 recorded transactions
Zoning & alternative use
C-MX-5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$154,590
Tax year 2023
Assessed value
$1,995,070
Assessed 2023
Previous assessed
$1,591,660
+25.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,181,470
Assessed improvement
$813,600
Land market value
$4,787,100
Improvement market value
$3,576,700
Total market value
$8,363,800
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1897
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
37,164 SF
Lot
1.1 ac (47,871 SF)
Zoning code
C-MX-5
APN
05042-02-020-000
UPID
US13-0231426
Jurisdiction
DENVER
Zoning & alternative use
C-MX-5 · Denver, CO
Zoning C-MX-5 · permitted uses
C-MX-5 · 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
1897
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Windmill Creek Enterprises LLC
Entity
Mailing address
2027 W COLFAX AVE, DENVER, CO 80204-2331
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2017
—
Windmill Creek Ents INC
—
Grant Deed
related
$2,000,000 · Vectra Bk/co
Apr 19, 2010
—
Windmill Creek Ents INC
—
Grant Deed
related
$3,150,000 · First National Bank
Jul 3, 2001
—
Windmill Creek Enterprises LLC
Windmill Creek Enterprises LLC
Quit Claim Deed
related
$1,000,000 · Ge Capital Small Business Finl
Mar 29, 1999
$1,000,000
Windmill Creek Enterprises LLC
Mitchell,gary M
Grant Deed
$900,000 · Seller
—
—
Windmill Creek Ents INC
—
Deed Of Trust
related
$479,804 · Bank Of The West
—
—
Windmill Creek Ents INC
—
Deed Of Trust
related
$1,848,332 · First National Bank
—
—
Windmill Creek Ents INC
—
Deed Of Trust
related
$1,306,622 · Vectra Bk/co
—
—
Windmil Creek Enterprises INC
—
Deed Of Trust
related
$1,000,000 · General Electric Capital Corp
—
—
Windmill Creek Ents INC
—
Deed Of Trust
related
$1,711,688 · Bank Of The West
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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