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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Strip malls
2223 Colfax Ave Denver, CO 80206-1311
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-0896745
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1920
Construction
WOOD
Total area
24,889 SF
Lot
0.43 ac (18,609 SF)
Zoning code
C-MS-5
APN
02355-30-029-000
UPID
US13-0896745
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
-
Wells Fargo ATM Atm
-
Wells Fargo Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.72M
Owner & transaction history
Colfax York LLC · 11 yrs held
Colfax York LLC
since 2015
3 recorded transactions
Zoning & alternative use
C-MS-5 · 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
$109 / 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
$107,960
Tax year 2023
Assessed value
$1,232,650
Assessed 2023
Previous assessed
$914,750
+34.8% YoY
Effective rate
8.76%
On assessed value
Assessed land
$484,870
Assessed improvement
$747,780
Land market value
$1,767,900
Improvement market value
$2,680,200
Total market value
$4,448,100
Applied tax rate
188.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
3
Rooms
5
Total area
24,889 SF
Lot
0.43 ac (18,609 SF)
Zoning code
C-MS-5
APN
02355-30-029-000
UPID
US13-0896745
Jurisdiction
DENVER
Zoning & alternative use
C-MS-5 · Denver, CO
Zoning C-MS-5 · permitted uses
C-MS-5 · 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
1920
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Rooms
5
Lot
0.43 ac
Current owner
From public records · entity-resolved
Colfax York LLC
Entity
Mailing address
1509 YORK ST #201, DENVER, CO 80206-1408
Ownership since
2015
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
Jan 2, 2015
$1,204,654
Colfax York LLC
H & H Realty Co
Grant Deed
$1,063,654 · H & H Realty Co
—
—
Steven J Swensen
—
Deed Of Trust
related
$50,000 · First Bank
—
—
Steven J Swensen
—
Deed Of Trust
related
$500,000 · Firstbank Of Arvada
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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