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Property profile & analytics
OFF-MARKET
Estimated value
$14,350,000
High-rise multifamily apartments
2135 Stout St Denver, CO 80205-2830
Entity Owned
4-yr Hold
Property ID
US13-0582399
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2001
Construction
STEEL FRAME
Total area
63,584 SF
Lot
0.72 ac (31,371 SF)
Zoning code
D-AS-12+
APN
02342-31-016-000
UPID
US13-0582399
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
-
Renaissance Off Broadway Lofts Apartment Building Community Health Centre
-
High Country Skiing Shuttle Co (Bike/Boat/Book/etc) Store
-
Naked Reiki Boys Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.35M
Owner & transaction history
Off Broadway Lofts II Lllp · 4 yrs held
Off Broadway Lofts II Lllp
since 2022
5 recorded transactions
Zoning & alternative use
D-AS-12+ · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$20.6M
+6.5%
Commercial (general)
$20.6M
+6.2%
Retail stores
$20.5M
+5.5%
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%
$16,090,000
6.5%
$14,855,000
7%
$13,790,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$20,635,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,580,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$20,450,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$19,415,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$14.35M
Range $12.92M – $15.79M · ±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
$226 / 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
$137,976
Tax year 2023
Assessed value
$1,780,660
Assessed 2023
Previous assessed
$710,400
+150.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$521,780
Assessed improvement
$1,258,880
Land market value
$7,842,800
Improvement market value
$18,789,200
Total market value
$26,632,000
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
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
4
Units
80
Rooms
25
Bathrooms
1
Total area
63,584 SF
Lot
0.72 ac (31,371 SF)
Zoning code
D-AS-12+
APN
02342-31-016-000
UPID
US13-0582399
Jurisdiction
DENVER
Zoning & alternative use
D-AS-12+ · Denver, CO
Zoning D-AS-12+ · permitted uses
D-AS-12+ · 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
$19.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
COMMERCIAL (GENERAL)
Est. value
$20.6M
RETAIL STORES
Est. value
$20.5M
OFFICE BUILDING
Est. value
$19.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Units
80
Rooms
25
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Off Broadway Lofts II Lllp
Entity
Mailing address
2111 CHAMPA ST, DENVER, CO 80205-2529
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
—
Off Broadway Lofts II Lllp
Off Broad Way Lofts Lllp
Special Warranty Deed
$10,700,000 · Us Bank NA
Aug 27, 2018
—
Off Broadway Lofts Lllp
—
Deed
related
$1,357,750 · Colorado Coalition For The Hom
Dec 30, 1999
$1,004,600
Broadway Lofts LP Off
Renaissance Housing Dev
Grant Deed
$1,004,640 · Seller
—
—
Off Broadway Lofts Lllp
—
Deed Of Trust
related
$485,000 · Colorado Coalition/homeless
—
—
Off Broadway Lofts Lllp
—
Deed Of Trust
related
$1,357,750 · Colorado Coalition For The Hom
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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