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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Warehouses
2318 Delaware St Denver, CO 80223-4321
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US13-0684458
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
STEEL FRAME
Total area
9,170 SF
Lot
0.36 ac (15,625 SF)
Zoning code
I-MX-3
APN
05274-02-025-000
UPID
US13-0684458
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
$1.46M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.42M
Owner & transaction history
2318 S Delaware St LLC
2318 S Delaware St LLC
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I-MX-3 · 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%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,465,000
Current use
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.33M (Jan 22 2026)
Last sale anchor
$1.33M
Jan 22 2026
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
$155 / 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
$34,525
Tax year 2023
Assessed value
$445,560
Assessed 2023
Previous assessed
$433,290
+2.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$296,800
Assessed improvement
$148,760
Land market value
$1,093,800
Improvement market value
$533,200
Total market value
$1,627,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Total area
9,170 SF
Lot
0.36 ac (15,625 SF)
Zoning code
I-MX-3
APN
05274-02-025-000
UPID
US13-0684458
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, CO
Zoning I-MX-3 · permitted uses
I-MX-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
WAREHOUSE, STORAGE Current
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
1981
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
2318 S Delaware St LLC
Entity
Mailing address
2360 S DELAWARE ST, DENVER, CO 80223-4321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
$1,325,000
2318 S Delaware St LLC
The Joyce C Hastings Trust
Warranty Deed
$993,750 · First Western Trust Bank
Jan 30, 2020
—
Hastings,joyce C Trust
—
Deed
related
$45,000 · Corefirst Bk&tr
Nov 2, 2018
—
Hastings,joyce C Trust
—
Deed
related
—
Oct 17, 2017
—
Hastings,joyce C Trust
—
Deed Of Trust
related
$200,000 · Corefirst Bk&tr
Apr 5, 2005
—
Hastings Joyce C Trust
Hastings,edwin & Joyce C
Quit Claim Deed
related
—
—
—
Hastings,joyce C Trust
—
Loan Modification
related
—
—
—
Hastings,joyce C Trust
—
Loan Modification
related
$45,000 · Corefirst Bk&tr
—
—
Hastings,joyce C Trust
—
Deed Of Trust
related
$1,000,000 · Corefirst Bk&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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