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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Office buildings
2162 Market St Denver, CO 80205-2025
Individually Owned
22-yr Hold
Free & Clear
Property ID
US13-0112999
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
WOOD
Total area
18,750 SF
Lot
0.14 ac (6,265 SF)
Zoning code
C-MX-8
APN
02279-07-019-000
UPID
US13-0112999
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
-
Wurkforce Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
William S Megill · 22 yrs held
William S Megill
since 2003
7 recorded transactions
Zoning & alternative use
C-MX-8 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$149 / 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
$87,733
Tax year 2023
Assessed value
$1,132,240
Assessed 2023
Previous assessed
$942,700
+20.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$559,700
Assessed improvement
$572,540
Land market value
$2,036,100
Improvement market value
$2,052,100
Total market value
$4,088,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
7
Total area
18,750 SF
Lot
0.14 ac (6,265 SF)
Zoning code
C-MX-8
APN
02279-07-019-000
UPID
US13-0112999
Jurisdiction
DENVER
Zoning & alternative use
C-MX-8 · Denver, CO
Zoning C-MX-8 · permitted uses
C-MX-8 · 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.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
7
Lot
0.14 ac
Current owner
From public records · entity-resolved
William S Megill
Individual
Free & Clear · 22 yrs held
Mailing address
2140 MARKET ST, DENVER, CO 80205-2025
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2003
$850,000
William S Megill
2162 Market Street Lofts LLC
Grant Deed
—
Aug 21, 2000
$1,000,000
2162 Market Street Lofts LLC
National Real Estate Group LLC
Grant Deed
—
Jul 10, 1998
$685,000
National Real Estate Group LLC
Schuetz,ronald J
Grant Deed
$625,000 · Seller
—
—
2162 Market Street Lofts LLC
—
Deed Of Trust
related
$4,000,000 · Vectra Bank Colorado NA
—
—
2162 Market Street Lofts LLC
—
Deed Of Trust
related
$425,000 · Vectra Bank Colorado NA
—
—
2162 Market Street Lofts LLC
—
Deed Of Trust
related
$250,000 · Pueblo Bank & Trust Co
—
—
2162 Market Street Lofts LLC
—
Deed Of Trust
related
$60,000 · Vectra Bank Colorado NA
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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