Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Warehouses
2170 Lipan St Denver, CO 80223-4012
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0232687
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
WOOD
Total area
5,169 SF
Lot
0.36 ac (15,625 SF)
Zoning code
I-A
APN
05281-15-014-000
UPID
US13-0232687
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
-
Union hall Community Center
-
Host Cannabis Dispensary Pharmacy
-
IUPAT Advocacy Group
-
Floor Coverers Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$1.15M
Owner & transaction history
Arleth LLC · 1 yrs held
Arleth LLC
since 2024
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. I-A Light Industrial District This district is intended to be an employment area containing offices, business and light industrial uses that are generally compatible with adjacent Residential or Mixed Use Commercial Zone Districts. No new residential uses may be established in the I-A zone district in order to promote a stable employment base for the city…
Zone name
Light Industrial Context District
General category
MIXED_USE
Zone area
2,296.60 ac
Source
Denver Zoning Code
Top alternative use upside
Neighborhood: shopping center
$1.7M
+103.2%
Commercial (general)
$1.7M
+102.7%
Retail stores
$1.7M
+101.4%
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
$1,150,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,680,000
Change: +103% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,675,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$1,660,000
Change: +101% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,630,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$1,570,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (Sep 24 2024)
Last sale anchor
$1.15M
Sep 24 2024
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
$222 / 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
$20,929
Tax year 2023
Assessed value
$270,100
Assessed 2023
Previous assessed
$257,150
+5.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$78,820
Assessed improvement
$191,280
Land market value
$312,500
Improvement market value
$685,600
Total market value
$998,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
7
Total area
5,169 SF
Lot
0.36 ac (15,625 SF)
Zoning code
I-A
APN
05281-15-014-000
UPID
US13-0232687
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, COZoning I-A · permitted uses
I-A · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B. I-A Light Industrial District This district is intended to be an employment area containing offices, business and light industrial uses that are generally compatible with adjacent Residential or Mixed Use Commercial Zone Districts. No new residential uses may be established in the I-A zone district in order to promote a stable employment base for the city. Accordingly, I-A zoned areas serve as a land use buffer between more residential areas and more intensive industrial areas, which may be zoned I-B General Industrial. All uses conducted in this zone district must be enclosed within a structure, unless specifically allowed to operate out of doors.
Zone name
Light Industrial Context District
General category
MIXED_USE
Zone area
2,296.60 ac
Source
Denver Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
7
Lot
0.36 ac
Current owner
From public records · entity-resolved
Arleth LLC
Entity
Mailing address
20015 E HATCHET RNCH PL, PARKER, CO 80134-5983
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 24, 2024
$1,150,000
Arleth LLC
International Union Of Painters & A
Special Warranty Deed
$960,000 · Bank Of Colorado
Jan 3, 2020
—
N Intl Union Of Painters & Allie
International Union Of Painters
Quit Claim Deed
—
Apr 20, 2018
—
International Union Of Painter
2170 South Lipan Bldg Corp
Quit Claim Deed
related
—
Jan 16, 2008
—
2170 South Lipan Bldg Corp
Iupat District Council 1 Bldg
Quit Claim Deed
related
—
Aug 3, 2004
—
Iupat District Council 1 Bldg
2170 South Lipan Building Corp
Quit Claim Deed
related
—
Aug 15, 2002
$505,000
2170 South Lipan Bldg Corp
Chrtis,tr
Grant Deed
$394,000 · Chrtis Trust
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 2170 Lipan 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.
