Back to Search
Property profile & analytics
FOR LEASE
Strip malls
2033 Colorado Blvd Denver, CO 80210
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0910746
For Lease
1 / 2
$16,530,000
2033 Colorado Blvd, Denver, CO 80210
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
WOOD
Total area
85,243 SF
Lot
6.71 ac (292,198 SF)
Zoning code
R-MU-30
APN
05251-12-018-000
UPID
US13-0910746
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.53M
Owner & transaction history
Upsc LLC · 15 yrs held
Upsc LLC
since 2010
4 recorded transactions
Zoning & alternative use
R-MU-30 · 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%
$20,835,000
6.5%
$19,235,000
7%
$17,860,000
Alternative Use
Use
Estimation
RETAIL STORES
$27,415,000
Change: -1% · Conversion: Easy
MEDICAL BUILDING
$25,885,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$22,820,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$16.53M
Range $14.88M – $18.18M · ±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
$194 / 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
$555,617
Tax year 2023
Assessed value
$7,170,550
Assessed 2023
Previous assessed
$6,662,460
+7.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$6,595,000
Assessed improvement
$575,550
Land market value
$23,668,000
Improvement market value
$2,062,900
Total market value
$25,730,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
2
Total area
85,243 SF
Lot
6.71 ac (292,198 SF)
Zoning code
R-MU-30
APN
05251-12-018-000
UPID
US13-0910746
Jurisdiction
DENVER
Zoning & alternative use
R-MU-30 · Denver, CO
Zoning R-MU-30 · permitted uses
R-MU-30 · 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
RETAIL STORES
Est. value
$27.4M
MEDICAL BUILDING
Est. value
$25.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.8M
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
2
Lot
6.71 ac
Current owner
From public records · entity-resolved
Upsc LLC
Entity
Mailing address
1720 WAZEE ST UNIT 1A, DENVER, CO 80202-1252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Dec 22, 2010
—
Upsc LLC
Evans Street Partners LLC
Bargain And Sale Deed
$19,150,000 · Morgan Stanley Mtg Cap Holding
—
—
Evans Street Partners LLC
—
Deed Of Trust
related
$5,800,000 · Private Lender
—
—
Upsc LLC
—
Deed Of Trust
related
$20,450,000 · Morgan Stanley Mtg Cap Holding
—
—
Upsc LLC
—
Deed Of Trust
related
$20,450,000 · Morgan Stanley Mtg Cap Holding
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
