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Property profile & analytics
OFF-MARKET
Estimated value
$22,670,000
High-rise multifamily apartments
2262 University Blvd Denver, CO 80210
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2136518
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
CONCRETE
Total area
128,711 SF
Lot
0.88 ac (38,360 SF)
Zoning code
G-RX-5
APN
05252-22-115-000
UPID
US13-2136518
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
$30.07M
Comparable Approach
Comparable
$15.23M
Blend (final)
Blend
$22.67M
Owner & transaction history
Muse Owner LLC · 6 yrs held
Muse Owner LLC
since 2019
5 recorded transactions
Zoning & alternative use
G-RX-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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,570,000
6.5%
$30,065,000
7%
$27,920,000
Blend value · Realmo final
$22.67M
Range $20.40M – $24.94M · ±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
$176 / 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
$264,485
Tax year 2023
Assessed value
$3,413,320
Assessed 2023
Previous assessed
$3,004,510
+13.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$266,180
Assessed improvement
$3,147,140
Land market value
$4,027,800
Improvement market value
$46,972,200
Total market value
$51,000,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
5
Units
120
Rooms
37
Bathrooms
1
Total area
128,711 SF
Lot
0.88 ac (38,360 SF)
Zoning code
G-RX-5
APN
05252-22-115-000
UPID
US13-2136518
Jurisdiction
DENVER
Zoning & alternative use
G-RX-5 · Denver, CO
Zoning G-RX-5 · permitted uses
G-RX-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
2016
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Buildings
2
Units
120
Rooms
37
Bathrooms
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Muse Owner LLC
Entity
Mailing address
1 S DEARBORN ST #20, CHICAGO, IL 60603-2302
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
—
The Muse Owner LLC
—
Deed
related
$19,496,000 · Berkadia Commercial Mortgage LLC
Oct 24, 2019
—
Muse Owner LLC
Hill Unvi Ptrs Owner LLC
Grant Deed
—
Aug 30, 2018
—
Hill Unvi Ptrs Owner LLC
—
Grant Deed
related
$33,791,000 · Global Inv Fund I
Apr 18, 2016
—
Hill University Ptrs Owner LLC
Hill Univ Ptrs Mezzanine LLC
Quit Claim Deed
$25,062,043 · Bank Of The Ozarks
—
—
Hill University Partners LLC
—
Deed Of Trust
related
$1,430,650 · Privatebank & Tr
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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