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Property profile & analytics
OFF-MARKET
Estimated value
$8,955,000
Garden apartment buildings
2315 Virginia Ave 2395 Denver, CO 80223-1946
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0650663
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
35,598 SF
Lot
1.76 ac (76,560 SF)
Zoning code
E-MU-2.5
APN
05162-00-016-000
UPID
US13-0650663
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
$9.29M
CAP Approach
CAP
$8.32M
Comparable Approach
Comparable
$8.93M
Blend (final)
Blend
$8.96M
Owner & transaction history
Virginia Ave Apartments LLC · 5 yrs held
Virginia Ave Apartments LLC
since 2021
Last sale
$8.9M
2 recorded transactions
Zoning & alternative use
E-MU-2.5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.6M
+29.6%
Auto repair, garage
$14.3M
+26.9%
Neighborhood: shopping center
$11.6M
+2.9%
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
$9,405,000
ML approach
$9,290,000
CAP Approach
CAP Return
Estimation
6%
$9,010,000
6.5%
$8,315,000
7%
$7,720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,235,000
Current use
RESTAURANT
$14,560,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,260,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,555,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,520,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$11,450,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$10,810,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$10,480,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$8.96M
Range $8.06M – $9.85M · ±10% · vs last sale $8.90M (Jan 4 2021)
Last sale anchor
$8.90M
Jan 4 2021
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
$252 / 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
$53,966
Tax year 2023
Assessed value
$696,460
Assessed 2023
Previous assessed
$515,350
+35.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$66,950
Assessed improvement
$629,510
Land market value
$1,054,200
Improvement market value
$9,395,700
Total market value
$10,449,900
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
6
Stories
3
Units
51
Rooms
18
Bathrooms
1
Total area
35,598 SF
Lot
1.76 ac (76,560 SF)
Zoning code
E-MU-2.5
APN
05162-00-016-000
UPID
US13-0650663
Jurisdiction
DENVER
Zoning & alternative use
E-MU-2.5 · Denver, CO
Zoning E-MU-2.5 · permitted uses
E-MU-2.5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.2M
RESTAURANT
Est. value
$14.6M
AUTO REPAIR, GARAGE
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
COMMERCIAL (GENERAL)
Est. value
$11.5M
RETAIL STORES
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1972
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
6
Units
51
Rooms
18
Bathrooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Virginia Ave Apartments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3488 W QUINCY AVE, ENGLEWOOD, CO 80110-5243
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
—
Virginia Ave Apartments LLC
Powderhorn Apts LLC
Grant Deed
—
Jun 2, 2010
—
Powderhorn Apartments LLC
Powderhorn Apartments LLC
Quit Claim Deed
related
—
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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