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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Office buildings
221 10th Ave Denver, CO 80204
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US13-0256086
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
WOOD
Total area
14,163 SF
Lot
0.26 ac (11,250 SF)
Zoning code
D-GT
APN
05037-03-012-000
UPID
US13-0256086
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.06M
Owner & transaction history
Remington LLC · 25 yrs held
Remington LLC
since 2000
3 recorded transactions
Zoning & alternative use
D-GT · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.6M
+10.6%
Commercial (general)
$4.6M
+10.3%
Retail stores
$4.5M
+9.1%
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%
$3,690,000
6.5%
$3,405,000
7%
$3,160,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,155,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,595,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,585,000
Change: +10% · Conversion: Easy
RETAIL STORES
$4,535,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$4,300,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,235,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±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
$216 / 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
Assessed value
$1,419,860
Assessed 2023
Previous assessed
$1,279,780
+10.9% YoY
Assessed land
$854,800
Assessed improvement
$565,060
Land market value
$3,093,800
Improvement market value
$2,025,300
Total market value
$5,119,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
3
Total area
14,163 SF
Lot
0.26 ac (11,250 SF)
Zoning code
D-GT
APN
05037-03-012-000
UPID
US13-0256086
Jurisdiction
DENVER
Zoning & alternative use
D-GT · Denver, CO
Zoning D-GT · permitted uses
D-GT · 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
OFFICE BUILDING Current
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Remington LLC
Entity
Mailing address
490 S SANTA FE DR UNIT E, DENVER, CO 80223-2105
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2000
$843,800
Remington LLC
S O M E Joint Venture
Grant Deed
$1,460,000 · Colorado Business Bank NA
—
—
Remington LLC
—
Loan Modification
related
$1,315,825 · Colorado Business Bank NA
—
—
Remington LLC
—
Deed Of Trust
related
$256,235 · Colorado Business Bank 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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