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Property profile & analytics
OFF-MARKET
Estimated value
$35,730,000
High-rise multifamily apartments
2300 Welton St Denver, CO 80205-3367
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-1853668
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Construction
STEEL FRAME
Total area
156,623 SF
Lot
1.16 ac (50,485 SF)
Zoning code
C-MX-8
APN
02341-14-040-000
UPID
US13-1853668
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
-
Brandon Kelley Training LLC Wellness Program
-
Welton Park Apartments Real Estate Agency
-
MOD ATLAS MEDIA Advertising Agency Marketing & Advertising
-
Lusanza Boutique Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.73M
Owner & transaction history
2300 Welton LLC · 11 yrs held
2300 Welton LLC
since 2015
7 recorded transactions
Zoning & alternative use
C-MX-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$50.8M
+6.5%
Commercial (general)
$50.7M
+6.2%
Retail stores
$50.4M
+5.5%
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%
$39,635,000
6.5%
$36,585,000
7%
$33,975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$47,745,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$50,835,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$50,695,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$50,370,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$47,825,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$35.73M
Range $32.16M – $39.30M · ±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
$228 / 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
$345,444
Tax year 2023
Assessed value
$4,458,150
Assessed 2023
Previous assessed
$3,376,100
+32.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$469,860
Assessed improvement
$3,988,290
Land market value
$7,067,900
Improvement market value
$59,526,700
Total market value
$66,594,600
Applied tax rate
463.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
4
Units
195
Rooms
64
Bathrooms
1
Total area
156,623 SF
Lot
1.16 ac (50,485 SF)
Zoning code
C-MX-8
APN
02341-14-040-000
UPID
US13-1853668
Jurisdiction
DENVER
Zoning & alternative use
C-MX-8 · Denver, CO
Zoning C-MX-8 · permitted uses
C-MX-8 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$47.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$50.8M
COMMERCIAL (GENERAL)
Est. value
$50.7M
RETAIL STORES
Est. value
$50.4M
OFFICE BUILDING
Est. value
$47.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
195
Rooms
64
Bathrooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
2300 Welton LLC
Entity
Mailing address
PO BOX 102948, DENVER, CO 80250-2948
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2020
—
2300 Welton LLC
—
Deed
related
$21,817,800 · Dwight Cap
Mar 17, 2017
—
2300 Welton LLC
—
Loan Modification
related
$22,000,000 · Miscellaneous Govt Agcy
Apr 14, 2015
—
2300 Welton LLC
Welton Place LLC
Quit Claim Deed
—
—
—
2300 Welton LLC
—
Deed Of Trust
related
$21,817,800 · Dwight Cap
—
—
2300 Welton LLC
—
Loan Modification
related
$22,000,000 · Miscellaneous Govt Agcy
—
—
Welton Place LLC
—
Loan Modification
related
$1,619,376 · Trajan Assets IV Ltd
—
—
Welton Place LLC
—
Loan Modification
related
$3,346,572 · Wells Fargo Bk
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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