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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office Spaces
2373 Central Park Blvd 201 Denver, CO 80238-2300
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0502077
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
WOOD
Total area
1,504 SF
Lot
0.07 ac (3,132 SF)
Zoning code
C-MU-20
APN
01331-12-017-017
UPID
US13-0502077
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
-
Matthew K Alleman DMD FACS Dental Office
-
Jankovic LLC Accounting Firm Tax Preparation
-
Eighteen98 Homes Real Estate Agency
-
Central Park Dental: Karlyn K. Taylor, DDS Dental Office
-
Colorado Clinics for the Foot and Ankle Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$600k
Owner & transaction history
Cochran Investments LLC · 2 yrs held
Cochran Investments LLC
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
C-MU-20 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$600,000
+56.5%
Neighborhood: shopping center
$490,000
+26.8%
Commercial (general)
$485,000
+26.5%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
AUTO REPAIR, GARAGE
$600,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$485,000
Change: +26% · Conversion: Easy
RETAIL STORES
$485,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$455,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (May 3 2024)
Last sale anchor
$600k
May 3 2024
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
$399 / 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
$22,717
Tax year 2023
Assessed value
$157,390
Assessed 2023
Previous assessed
$151,240
+4.1% YoY
Effective rate
14.43%
On assessed value
Assessed land
$13,480
Assessed improvement
$143,910
Land market value
$78,300
Improvement market value
$515,800
Total market value
$594,100
Applied tax rate
425.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
7
Total area
1,504 SF
Lot
0.07 ac (3,132 SF)
Zoning code
C-MU-20
APN
01331-12-017-017
UPID
US13-0502077
Jurisdiction
DENVER
Zoning & alternative use
C-MU-20 · Denver, CO
Zoning C-MU-20 · permitted uses
C-MU-20 · 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
OFFICE BUILDING Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$485,000
RETAIL STORES
Est. value
$485,000
MEDICAL BUILDING
Est. value
$455,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
7
Lot
0.07 ac
Current owner
From public records · entity-resolved
Cochran Investments LLC
Entity
Mailing address
1473 E 130TH DR, THORNTON, CO 80241-1109
Ownership since
2024
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
May 3, 2024
$600,000
Cochran Investments LLC
Dana Elizabeth Ouderkirk LLC
Special Warranty Deed
—
Jun 25, 2013
$232,000
Dana Elizabeth Ouderkirk LLC
Dds&k LLC
Warranty Deed
$325,000 · Wells Fargo Bank NA
Oct 19, 2012
$745,000
Dds & K LLC
Gre Holdings LLC
Grant Deed
—
Jan 13, 2010
—
Gre Holdings LLC
Chief Deputy Public Te Of Denver
Trustees Deed
related
—
Dec 21, 2009
$2,500,000
Mjl Stapleton LLC
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$3,330,596
—
—
Dds & K LLC
—
Deed Of Trust
related
$558,750 · Firstbank NA
—
—
Mjl Stapleton LLC
—
Deed Of Trust
related
$400,000 · Carol S Thomas
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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