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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Individual retail properties
2231 Platte Riv Dr Denver, CO 80223-4017
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0647332
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2006
Construction
WOOD
Total area
4,539 SF
Lot
0.15 ac (6,650 SF)
Zoning code
I-A
APN
05281-18-042-000
UPID
US13-0647332
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
-
Engage Movement Arts Training Center
-
A Living Arts Centre Pilates Studio Tai Chi School
-
Electrify Your Marketing with Kris Sutton Advertising Agency Marketing & Advertising
-
Alexander Technique in Denver Colorado with Kristen Sutton Wellness Program
-
Acu & Massage Wellness Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Gts Unlimited LLC · 1 yrs held
Gts Unlimited LLC
since 2025
Last sale
$875,000
7 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
Auto repair, garage
$610,000
+453.1%
Office building
$600,000
+444.0%
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
$710,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$610,000
Change: +453% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +444% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $875k (Feb 25 2025)
Last sale anchor
$875k
Feb 25 2025
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
$177 / 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
$16,315
Tax year 2023
Assessed value
$210,560
Assessed 2023
Previous assessed
$195,580
+7.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$28,740
Assessed improvement
$181,820
Land market value
$133,000
Improvement market value
$651,700
Total market value
$784,700
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6
Total area
4,539 SF
Lot
0.15 ac (6,650 SF)
Zoning code
I-A
APN
05281-18-042-000
UPID
US13-0647332
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
AUTO REPAIR, GARAGE
Est. value
$610,000
OFFICE BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
OFFICE 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
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Gts Unlimited LLC
Entity
Mailing address
4540 LOWELL BLVD, DENVER, CO 80211-1365
Ownership since
2025
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
Feb 25, 2025
—
Gts Unlimited LLC
Gts Unlimited LLC
Deed
related
$392,000 · Colorado Lending Source Ltd
Nov 1, 2024
—
Gts Unlimited LLC
—
Deed
related
$378,734 · Inbankshares Corp
Jun 4, 2021
$875,000
Gts Unlimited LLC
William Terry Hamilton
Special Warranty Deed
$808,500 · Dogwood State Bank
Sep 18, 2012
—
William T Hamilton
Aliving Arts Centre INC
Quit Claim Deed
related
—
Aug 13, 2010
—
A Living Arts Centre INC
Hamilton,william T
Quit Claim Deed
related
—
Nov 19, 2004
—
William T Hamilton
—
Trustees Deed
related
$408,000 · Key Bank & Trust
—
—
William T Hamilton
—
Deed Of Trust
related
$420,560 · United Western Bank
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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