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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Warehouses
2424 Colfax Ave Denver, CO 80206-1405
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0750261
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
WOOD
Total area
26,665 SF
Lot
0.62 ac (26,882 SF)
Zoning code
U-MS-5
APN
05012-08-028-000
UPID
US13-0750261
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
-
Rocky Mountain Window Tint Interior Design Auto Repair Shop
-
Local Key Business Service Corporate Office
-
Maaco Auto Body Shop & Painting Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Varco INC · 7 yrs held
Varco INC
since 2018
6 recorded transactions
Zoning & alternative use
U-MS-5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$80 / 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
$54,023
Tax year 2023
Assessed value
$616,810
Assessed 2023
Previous assessed
$603,840
+2.1% YoY
Effective rate
8.76%
On assessed value
Assessed land
$516,620
Assessed improvement
$100,190
Land market value
$1,881,700
Improvement market value
$359,100
Total market value
$2,240,800
Applied tax rate
188.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
YES
Buildings
2
Stories
2
Units
7
Total area
26,665 SF
Lot
0.62 ac (26,882 SF)
Zoning code
U-MS-5
APN
05012-08-028-000
UPID
US13-0750261
Jurisdiction
DENVER
Zoning & alternative use
U-MS-5 · Denver, CO
Zoning U-MS-5 · permitted uses
U-MS-5 · 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.
Building & site characteristics
From public records
Year built
1967
Construction
WOOD
Heating
YES
Stories
2
Buildings
2
Units
7
Lot
0.62 ac
Current owner
From public records · entity-resolved
Varco INC
Entity
Mailing address
2424 E COLFAX AVE, DENVER, CO 80206-1405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
—
Varco INC
—
Deed
related
$655,000 · First American St Bk
Aug 6, 2018
—
Varco INC
—
Deed
related
—
—
—
Varco INC
—
Loan Modification
related
$655,000 · First American St Bk
—
—
Varco INC
—
Deed Of Trust
related
$783,300 · First American State Bank
—
—
Varco INC
—
Loan Modification
related
—
—
—
Varco INC
—
Deed Of Trust
related
$550,000 · Us Bank NA
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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