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Property profile & analytics
OFF-MARKET
Estimated value
$66,780,000
High-rise multifamily apartments
2121 Delgany St Denver, CO 80202-1684
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0415087
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2011
Construction
WOOD
Total area
221,178 SF
Lot
2.43 ac (105,811 SF)
Zoning code
R-MU-30
APN
02278-11-025-000
UPID
US13-0415087
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
-
The Metro Apartments Real Estate Agency Apartment Complex
-
Zipcar Car Rental Facility
-
Fit and Fed Athletics LLC Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.67M
Comparable Approach
Comparable
$62.41M
Blend (final)
Blend
$66.78M
Owner & transaction history
2121 Delgany Owner LLC · 5 yrs held
2121 Delgany Owner LLC
since 2020
Last sale
$90.8M
4 recorded transactions
Zoning & alternative use
R-MU-30 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$90.5M
+31.6%
Auto repair, garage
$88.6M
+28.9%
Office building
$82.8M
+20.5%
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%
$55,970,000
6.5%
$51,665,000
7%
$47,975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$68,755,000
Current use
RESTAURANT
$90,455,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$88,590,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$82,825,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$71,785,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$71,590,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$71,130,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$67,160,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$66.78M
Range $60.10M – $73.46M · ±10% · vs last sale $90.75M (Dec 16 2020)
Last sale anchor
$90.75M
Dec 16 2020
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
$302 / 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
$383,475
Tax year 2023
Assessed value
$4,948,960
Assessed 2023
Previous assessed
$3,665,970
+35.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,059,720
Assessed improvement
$3,889,240
Land market value
$15,871,700
Improvement market value
$58,048,300
Total market value
$73,920,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
6
Units
168
Rooms
5
Bathrooms
1
Total area
221,178 SF
Lot
2.43 ac (105,811 SF)
Zoning code
R-MU-30
APN
02278-11-025-000
UPID
US13-0415087
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$68.8M
RESTAURANT
Est. value
$90.5M
AUTO REPAIR, GARAGE
Est. value
$88.6M
OFFICE BUILDING
Est. value
$82.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$71.8M
COMMERCIAL (GENERAL)
Est. value
$71.6M
RETAIL STORES
Est. value
$71.1M
MEDICAL BUILDING
Est. value
$67.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2011
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
2
Units
168
Rooms
5
Bathrooms
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
2121 Delgany Owner LLC
Entity
Mailing address
50 CALIFORNIA ST STE #3000, SAN FRANCISCO, CA 94111-4774
Ownership since
2020
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 16, 2020
—
2121 Delgany Owner LLC
Mept Metro Apartments LLC
Grant Deed
related
$101,238,000 · Cbre Multifamily Cap
Nov 9, 2012
$90,750,000
Mept Metro Apartments LLC
Spusv5 Metro LLC
Grant Deed
—
Dec 17, 2009
$55,000,000
Spusv5 Metro LLC
Rreef America Reit III Corp T
Grant Deed
$33,300,000 · Cbre Multifamily Capital INC
Aug 1, 2005
$75,000,000
Rreef America Reit III Corp T
Lpc-ppc Denver
Grant Deed
$48,500,000 · Metropolitan Life Insurance
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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