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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office Spaces
2373 Central Park Blvd 302 Denver, CO 80238-2300
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US13-1208796
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
WOOD
Total area
2,002 SF
Lot
0.09 ac (4,086 SF)
Zoning code
C-MU-20
APN
01331-12-024-024
UPID
US13-1208796
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
$315k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$462k
Blend (final)
Blend
$515k
Owner & transaction history
Franz Professional LLC · 18 yrs held
Franz Professional LLC
since 2008
1 recorded transaction
Zoning & alternative use
C-MU-20 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$800,000
+56.5%
Neighborhood: shopping center
$650,000
+26.8%
Commercial (general)
$650,000
+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
by Request
ML approach
$315,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$510,000
Current use
AUTO REPAIR, GARAGE
$800,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: +26% · Conversion: Easy
RETAIL STORES
$645,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$610,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$257 / 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
$30,637
Tax year 2023
Assessed value
$212,260
Assessed 2023
Previous assessed
$201,320
+5.4% YoY
Effective rate
14.43%
On assessed value
Assessed land
$20,140
Assessed improvement
$192,120
Land market value
$102,200
Improvement market value
$688,600
Total market value
$790,800
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
2,002 SF
Lot
0.09 ac (4,086 SF)
Zoning code
C-MU-20
APN
01331-12-024-024
UPID
US13-1208796
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
$510,000
AUTO REPAIR, GARAGE
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$650,000
RETAIL STORES
Est. value
$645,000
MEDICAL BUILDING
Est. value
$610,000
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
0.09 ac
Current owner
From public records · entity-resolved
Franz Professional LLC
Entity
Mailing address
PO BOX 59, DENVER, CO 80201-0059
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2008
$563,497
Franz Professional LLC
Central Park Partners LLC
Grant Deed
$828,500 · Compass Bank
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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