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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Retail space
218 Steele St 226 Denver, CO 80206-5209
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US13-0785083
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
WOOD
Total area
4,935 SF
Lot
0.29 ac (12,500 SF)
Zoning code
C-CCN-4
APN
05121-24-018-000
UPID
US13-0785083
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
-
Dan Sharp Luxury Outerwear Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$830k
Owner & transaction history
Gm Props Steele Street LLC · 21 yrs held
Gm Props Steele Street LLC
since 2005
7 recorded transactions
Zoning & alternative use
C-CCN-4 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$168 / 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
$156,816
Tax year 2023
Assessed value
$1,648,470
Assessed 2023
Previous assessed
$1,087,790
+51.5% YoY
Effective rate
9.51%
On assessed value
Assessed land
$1,648,190
Assessed improvement
$280
Land market value
$5,937,500
Improvement market value
$1,000
Total market value
$5,938,500
Applied tax rate
166.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,935 SF
Lot
0.29 ac (12,500 SF)
Zoning code
C-CCN-4
APN
05121-24-018-000
UPID
US13-0785083
Jurisdiction
DENVER
Zoning & alternative use
C-CCN-4 · Denver, CO
Zoning C-CCN-4 · permitted uses
C-CCN-4 · 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
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Gm Props Steele Street LLC
Entity
Mailing address
3201 E 2ND AVE, DENVER, CO 80206-5235
Ownership since
2005
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
Apr 1, 2021
—
Gm Properties Steele Street LLC
—
Deed
related
$1,820,000 · Redstone Bank
Nov 8, 2017
—
Gm Props Steele Street LLC
—
Deed
related
—
Jan 24, 2005
—
Gm Props Steele Street LLC
Meszaros George Trust
Grant Deed
—
Dec 26, 2000
—
George Meszaros
—
Grant Deed
related
$750,000 · Firstier Bank NA
—
—
Gm Props Steele Street LLC
—
Deed Of Trust
related
$2,108,130 · First State Bank Colorado
—
—
Gm Props Steele Street LLC
—
Deed Of Trust
related
$350,000 · First State Bank Colorado
—
—
Gm Props Steele Street LLC
—
Loan Modification
related
—
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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