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Property profile & analytics
OFF-MARKET
Estimated value
$13,920,000
Medical Office Space
2425 Colorado Blvd Denver, CO 80222-5946
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0083881
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
WOOD
Total area
30,818 SF
Lot
1.02 ac (44,251 SF)
Zoning code
S-CC-5X
APN
05254-13-001-000
UPID
US13-0083881
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
-
United Glass Solutions Big Box & Wholesale Store
-
Dr. Brian D. Haas, MD Physician
-
Dr. Morris H. Susman, MD Physician
-
Dr. Jade E. Dillon, MD Pediatrician Physician
-
Michael Csrnko, Realtor - Rise Group with Kentwood Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$13.92M
Owner & transaction history
Ai3 Properties LLC · 13 yrs held
Ai3 Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
S-CC-5X · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.6M
+34.7%
Auto repair, garage
$12.3M
+31.9%
Neighborhood: shopping center
$10.0M
+6.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,360,000
Current use
RESTAURANT
$12,605,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,345,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,000,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,975,000
Change: +7% · Conversion: Easy
RETAIL STORES
$9,910,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$13.92M
Range $12.53M – $15.31M · ±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
$452 / 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
$109,440
Tax year 2023
Assessed value
$1,412,380
Assessed 2023
Effective rate
7.75%
On assessed value
Assessed land
$1,041,030
Assessed improvement
$371,350
Land market value
$3,761,300
Improvement market value
$1,331,000
Total market value
$5,092,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
8
Total area
30,818 SF
Lot
1.02 ac (44,251 SF)
Zoning code
S-CC-5X
APN
05254-13-001-000
UPID
US13-0083881
Jurisdiction
DENVER
Zoning & alternative use
S-CC-5X · Denver, CO
Zoning S-CC-5X · permitted uses
S-CC-5X · 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
MEDICAL BUILDING Current
Est. value
$9.4M
RESTAURANT
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$10.0M
RETAIL STORES
Est. value
$9.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1978
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
8
Lot
1.02 ac
Current owner
From public records · entity-resolved
Ai3 Properties LLC
Entity
Mailing address
1830 S BANNOCK ST UNIT #200, DENVER, CO 80223-3670
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jul 3, 2013
$1,850,000
Ai3 Properties LLC
Oep Office 2425 LLC
Special Warranty Deed
$1,275,000 · Firstbank
Dec 22, 2010
—
Oep Office 2425 LLC
Meb 2425 So Colorado Blvd LLC
Quit Claim Deed
related
—
Feb 2, 2005
$2,500,000
Oep Office 2425 LLC
Colfax & Steele LLC
Grant Deed
$1,950,000 · American National Bank & Trust
May 6, 2002
—
Heritage Patio Ventures II LLC
Heritage Patio Ventures II LLC
Quit Claim Deed
related
$2,000,000 · Colfax & Steele LLC
Sep 7, 2000
$2,936,800
Colfax & Steele LLC
Andrews Partners II Ltd
Grant Deed
—
—
—
Heritage Patio Ventures LLC
—
Deed Of Trust
related
$1,150,000 · Key Bank NA
—
—
Ai3 Properties LLC
—
Deed Of Trust
related
$1,625,000 · Bank Of The West
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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