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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Motels
2323 Broadway Denver, CO 80210-5006
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0730183
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Construction
WOOD
Total area
7,027 SF
Lot
0.32 ac (14,062 SF)
Zoning code
U-MX-3
APN
05275-03-023-000
UPID
US13-0730183
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
-
Jerry Storage Units Storage Facility
-
Anchor Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$2.24M
Owner & transaction history
Co Anchor LLC · 3 yrs held
Co Anchor LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
U-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+69.3%
Auto repair, garage
$2.8M
+65.8%
Apartment house (5+ units)
$2.7M
+58.7%
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
$2,145,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,695,000
Current use
RESTAURANT
$2,875,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,815,000
Change: +66% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,690,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,280,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,275,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$2,135,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$1,815,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±10% · vs last sale $2.30M (Sep 12 2022)
Last sale anchor
$2.30M
Sep 12 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
$319 / 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
$21,820
Tax year 2023
Assessed value
$281,600
Assessed 2023
Previous assessed
$68,310
+312.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$246,640
Assessed improvement
$34,960
Land market value
$914,000
Improvement market value
$125,300
Total market value
$1,039,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Units
19
Bathrooms
0
Total area
7,027 SF
Lot
0.32 ac (14,062 SF)
Zoning code
U-MX-3
APN
05275-03-023-000
UPID
US13-0730183
Jurisdiction
DENVER
Zoning & alternative use
U-MX-3 · Denver, CO
Zoning U-MX-3 · permitted uses
U-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
HOTEL/MOTEL Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1955
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
19
Bathrooms
0
Lot
0.32 ac
Current owner
From public records · entity-resolved
Co Anchor LLC
Entity
Mailing address
2233 W 36TH AVE, DENVER, CO 80211-2913
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
$2,300,000
Co Anchor LLC
Anchor Motel LLC
Special Warranty Deed
$1,840,000 · Bbcn Bank
Aug 14, 2018
—
Anchor Motel LLC
—
Deed
related
$840,000 · North Valley Bank
Nov 2, 2017
—
Anchor Motel LLC
—
Deed
related
$1,275,000 · Hana Small Busn Lndg
Nov 18, 2015
$750,000
Anchor Motel LLC
Kim,sook J & Byung H
Warranty Deed
$594,000 · Bbcn Bk
Feb 6, 1998
$640,000
Sook J Kim
Shin,sang & Olivia
Grant Deed
$300,000 · Premier Bank
—
—
Byung H Kim
—
Deed Of Trust
related
$400,000 · Premier Bank
—
—
Anchor Motel LLC
—
Deed Of Trust
related
$1,275,000 · Hana Small Busn Lndg
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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