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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Apartment buildings
2113 16th Ave, Denver, CO 80206-1149
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US13-0618588
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1893
Total area
2,816 SF
Lot
0.07 ac (3,000 SF)
Zoning code
G-RO-3
APN
02355-28-013-000
UPID
US13-0618588
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
$945k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$999k
Blend (final)
Blend
$1.01M
Owner & transaction history
Athi Holdings LLC · 4 yrs held
Athi Holdings LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
G-RO-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+14.7%
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
$980,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$985,000
Current use
AUTO REPAIR, GARAGE
$1,130,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$910,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$905,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$855,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $940k – $959k · vs last sale $1.05M (Jun 23 2022)
Last sale anchor
$1.05M
Jun 23 2022
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
$357 / 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
$5,954
Tax year 2023
Assessed value
$76,840
Assessed 2023
Previous assessed
$57,760
+33.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$16,420
Assessed improvement
$60,420
Land market value
$300,000
Improvement market value
$901,800
Total market value
$1,201,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1893
Heating
FORCED AIR
Buildings
2
Stories
2
Units
6
Rooms
9
Bathrooms
5
Total area
2,816 SF
Lot
0.07 ac (3,000 SF)
Zoning code
G-RO-3
APN
02355-28-013-000
UPID
US13-0618588
Jurisdiction
DENVER
Zoning & alternative use
G-RO-3 · Denver, CO
Zoning G-RO-3 · permitted uses
G-RO-3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$910,000
RETAIL STORES
Est. value
$905,000
MEDICAL BUILDING
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS) 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
1893
Heating
FORCED AIR
Stories
2
Buildings
2
Units
6
Rooms
9
Bathrooms
5
Lot
0.07 ac
Current owner
From public records · entity-resolved
Athi Holdings LLC
Entity
Mailing address
25427 E ARBOR DR, AURORA, CO 80016-6173
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$1,050,000
Athi Holdings LLC
Barbara D Hansen
Special Warranty Deed
—
Jun 9, 2011
—
Barbara D Hansen
Sheriff Of Denver County
Trustees Deed
related
—
May 26, 2011
$375,000
Barbara D Hansen
Deputy Sheriff Of Denver Cnty
Trustees Deed
related
—
Jun 19, 2008
—
West City Park LLC
Owner Name Unavailable
Warranty Deed
related
—
May 1, 2008
$440,000
Barbara D Hansen
Youell,patrick M
Warranty Deed
—
Jul 19, 2007
$450,000
West City Park LLC
Hansen,barbara D
Warranty Deed
$472,556 · Barbara D Hansen
Dec 18, 2006
$440,000
Patrick M Youell
Hansen,barbara D
Warranty Deed
$447,150 · Barbara Hansen
Jul 12, 2005
—
Barbara D Hansen
Nickels,michael J
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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