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Property profile & analytics
OFF-MARKET
Estimated value
$3,925,000
Strip malls
2200 California St Denver, CO 80205-2824
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2229216
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
WOOD
Total area
19,499 SF
Lot
0.43 ac (18,810 SF)
Zoning code
D-AS-12+
APN
02342-28-045-000
UPID
US13-2229216
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
-
Habit Doughnuts Five Points Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.93M
Owner & transaction history
550 Spyder LLC · 6 yrs held
550 Spyder LLC
since 2020
6 recorded transactions
Zoning & alternative use
D-AS-12+ · Denver, CO
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%
$4,765,000
6.5%
$4,400,000
7%
$4,085,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,330,000
Current use
COMMERCIAL (GENERAL)
$6,310,000
Change: 0% · Conversion: Easy
RETAIL STORES
$6,270,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$5,955,000
Change: -6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,945,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.53M – $4.32M · ±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
$201 / 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
$183,473
Tax year 2023
Assessed value
$2,367,820
Assessed 2023
Previous assessed
$1,861,190
+27.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,303,630
Assessed improvement
$1,064,190
Land market value
$4,702,500
Improvement market value
$3,814,300
Total market value
$8,516,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6
Total area
19,499 SF
Lot
0.43 ac (18,810 SF)
Zoning code
D-AS-12+
APN
02342-28-045-000
UPID
US13-2229216
Jurisdiction
DENVER
Zoning & alternative use
D-AS-12+ · Denver, COZoning 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
Source
Denver Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Lot
0.43 ac
Current owner
From public records · entity-resolved
550 Spyder LLC
Entity
Mailing address
5619 DTC PKWY STE #525, GREENWOOD VILLAGE, CO 80111-3192
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jan 31, 2020
—
550 Spyder LLC
—
Deed
related
$5,600,000 · Westerra Cu
Jun 22, 2018
—
550 Spyder LLC
—
Grant Deed
related
$5,110,857 · Corefirst Bk&tr
Oct 24, 2016
—
550 Spyder LLC
—
Deed
related
$4,244,751 · Corefirst Bk&tr
—
—
550 Spyder LLC
—
Deed Of Trust
related
$5,600,000 · Westerra Cu
—
—
550 Spyder LLC
—
Deed Of Trust
related
$4,244,751 · Corefirst Bk&tr
—
—
550 Spyder 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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