Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,405,000
Grocery and convenience stores
2150 Downing St Denver, CO 80210-4528
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0934335
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
WOOD
Total area
54,158 SF
Lot
4.18 ac (182,012 SF)
Zoning code
UMS
APN
05262-24-037-000
UPID
US13-0934335
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
-
Safeway Photo Center (Bike/Boat/Book/etc) Store
-
Safeway Pharmacy Pharmacy
-
Starbucks Cafe & Coffee Shop
-
Russell K. Bratton, BS Pharmacy
-
Ahmed Mudey, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.41M
Comparable Approach
Comparable
$16.21M
Blend (final)
Blend
$12.41M
Owner & transaction history
Safeway Realty LLC · 1 yrs held
Safeway Realty LLC
since 2025
6 recorded transactions
Zoning & alternative use
UMS · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$17.6M
+25.7%
Commercial (general)
$17.5M
+25.4%
Medical building
$16.4M
+17.6%
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%
$12,355,000
6.5%
$11,405,000
7%
$10,590,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,980,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$17,580,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,530,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$16,445,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$13,860,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$12.41M
Range $11.16M – $13.65M · ±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
$229 / 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
$367,281
Tax year 2023
Assessed value
$4,739,960
Assessed 2023
Previous assessed
$4,038,080
+17.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$4,739,680
Assessed improvement
$280
Land market value
$17,018,100
Improvement market value
$1,000
Total market value
$17,019,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Total area
54,158 SF
Lot
4.18 ac (182,012 SF)
Zoning code
UMS
APN
05262-24-037-000
UPID
US13-0934335
Jurisdiction
DENVER
Zoning & alternative use
UMS · Denver, CO
Zoning UMS · permitted uses
UMS · 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 Current
Est. value
$14.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.6M
COMMERCIAL (GENERAL)
Est. value
$17.5M
MEDICAL BUILDING
Est. value
$16.4M
OFFICE BUILDING
Est. value
$13.9M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Lot
4.18 ac
Current owner
From public records · entity-resolved
Safeway Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Safeway Realty LLC
Aci Real Estate Spe 103 LLC
Special Warranty Deed
—
Dec 2, 2021
—
Safeway INC
Aci Real Estate Company LLC
Sub Lease
related
—
Jun 10, 2020
$11,100,000
Aci Real Estate Spe 103 LLC
Safeway Stores 45 INC
Grant Deed
—
Jan 3, 2018
—
Safeway Stores 45 INC
—
Loan Modification
related
—
—
—
Safeway Stores 45 INC|safeway INC
—
Deed Of Trust
related
—
—
—
Safeway INC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
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?”
You own 2150 Downing St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
