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Property profile & analytics
FOR LEASE
Warehouses
2390 Kalamath St Denver, CO 80223
Entity Owned
Free & Clear
Property ID
US13-1044121
For Lease
1 / 3
$18 SF/Yr
2390 Kalamath St, Denver, CO 80223
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
WOOD
Total area
12,000 SF
Lot
0.43 ac (18,750 SF)
Zoning code
I-A
APN
05284-03-018-000
UPID
US13-1044121
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
-
Kennerly Construction Corporation. Construction Company General Contractor
-
The Shine Squad Car Wash
-
All Season Heating & Cooling LLC HVAC Service General Contractor
-
Dent Lab Auto Repair Shop Vehicle Inspection Center
-
Doc's of Denver Upholstery Cleaning Service Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.95M
Owner & transaction history
Ht II LLC
Ht II LLC
since 2025
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
I-A · 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%
$2,065,000
6.5%
$1,910,000
7%
$1,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,915,000
Current use
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $2.00M (Dec 30 2025)
Last sale anchor
$2.00M
Dec 30 2025
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
$163 / 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
$41,318
Tax year 2023
Assessed value
$533,230
Assessed 2023
Previous assessed
$420,500
+26.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$96,260
Assessed improvement
$436,970
Land market value
$375,000
Improvement market value
$1,566,200
Total market value
$1,941,200
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
For Lease
Year built
1973
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Units
3
Total area
12,000 SF
Lot
0.43 ac (18,750 SF)
Zoning code
I-A
APN
05284-03-018-000
UPID
US13-1044121
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning I-A · permitted uses
I-A · 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
$1.9M
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
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ht II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 539, BAILEY, CO 80421-0539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$2,000,000
Ht II LLC
90 Kalamath LLC
Special Warranty Deed
—
Nov 26, 2025
$2,000,000
Ht II LLC
90 Kalamath LLC
Special Warranty Deed
—
Jul 5, 2005
—
90 Kalamath LLC
Merkle,lena Z
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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