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Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Strip malls
2245 Kearney St Denver, CO 80207-3949
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0849439
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
CONCRETE
Total area
11,657 SF
Lot
0.28 ac (12,300 SF)
Zoning code
U-MX-2
APN
01322-17-016-000
UPID
US13-0849439
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
-
Lodestone Strength Gym & Fitness Center
-
Mighty Movement Gym & Fitness Center
-
Park Hill Dance Academy Training Center
-
Lucina Eatery & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
Harkness Investments LLC · 4 yrs held
Harkness Investments LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
U-MX-2 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+26.0%
Auto repair, garage
$4.7M
+23.4%
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
$3,225,000
ML approach
$3,310,000
CAP Approach
CAP Return
Estimation
6%
$2,850,000
6.5%
$2,630,000
7%
$2,440,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,785,000
Current use
RESTAURANT
$4,765,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,670,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,775,000
Change: 0% · Conversion: Easy
RETAIL STORES
$3,750,000
Change: -1% · Conversion: Easy
MEDICAL BUILDING
$3,540,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $3.45M (May 2 2022)
Last sale anchor
$3.45M
May 2 2022
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
$288 / 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
$71,746
Tax year 2023
Assessed value
$925,920
Assessed 2023
Previous assessed
$506,430
+82.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$128,900
Assessed improvement
$797,020
Land market value
$492,000
Improvement market value
$2,856,700
Total market value
$3,348,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,657 SF
Lot
0.28 ac (12,300 SF)
Zoning code
U-MX-2
APN
01322-17-016-000
UPID
US13-0849439
Jurisdiction
DENVER
Zoning & alternative use
U-MX-2 · Denver, CO
Zoning U-MX-2 · permitted uses
U-MX-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.8M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1991
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Harkness Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9257 E WESLEY AVE, DENVER, CO 80231-7656
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$3,453,000
Harkness Investments LLC
2245 Kearney LLC
Special Warranty Deed
—
Sep 12, 2018
—
2245 Kearney LLC
—
Deed
related
$1,690,000 · Bank Of Co
Sep 6, 2018
—
2245 Kearney LLC
—
Deed
related
$1,690,000 · Bank Of Co
May 14, 2018
—
2245 Kearney LLC
—
Trustees Deed
related
$1,250,000 · Bank Of Co
May 11, 2018
—
2245 Kearne LLC
—
Trustees Deed
related
$1,250,000 · Bank Of Co
May 7, 2015
$785,000
2245 Kearney LLC
Humble Dev LLC
Warranty Deed
—
Nov 13, 2013
$600,000
Humble Dev LLC
Shalom Evangelical Free Ch INC
Warranty Deed
$146,735 · Steele Street State Bank
—
—
2245 Kearney LLC
—
Loan Modification
related
$1,690,000 · Bank Of Co
—
—
2245 Kearney LLC
—
Loan Modification
related
$1,690,000 · Bank Of Co
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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