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Property profile & analytics
FOR LEASE
Hotels
245 Columbine St Denver, CO 80206
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0992649
For Lease
1 / 2
$10,070,000
245 Columbine St, Denver, CO 80206
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2015
Construction
CONCRETE
Total area
153,601 SF
Lot
0.48 ac (20,837 SF)
Zoning code
C-MX-8
APN
05122-23-038-000
UPID
US13-0992649
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
-
HALCYON, a hotel in Cherry Creek Hotel & Motel
-
Rare Bird Bar & Pub
-
Encore Rental Equipment Company Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.64M
Blend (final)
Blend
$10.07M
Owner & transaction history
Rb Cherry Creek LLC · 7 yrs held
Rb Cherry Creek LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-MX-8 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.07M
Range $9.06M – $11.08M · ±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
$66 / 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
$1,256,884
Tax year 2023
Assessed value
$13,212,550
Assessed 2023
Previous assessed
$9,901,700
+33.4% YoY
Effective rate
9.51%
On assessed value
Assessed land
$2,462,370
Assessed improvement
$10,750,180
Land market value
$8,855,700
Improvement market value
$38,531,100
Total market value
$47,386,800
Applied tax rate
166.0000
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
Hotels
Use group
HOTEL
Status
For Lease
Year built
2015
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
7
Units
154
Total area
153,601 SF
Lot
0.48 ac (20,837 SF)
Zoning code
C-MX-8
APN
05122-23-038-000
UPID
US13-0992649
Jurisdiction
DENVER
Zoning & alternative use
C-MX-8 · Denver, CO
Zoning C-MX-8 · permitted uses
C-MX-8 · 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
2015
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
7
Units
154
Lot
0.48 ac
Current owner
From public records · entity-resolved
Rb Cherry Creek LLC
Entity
Mailing address
4100 REGENT ST STE G, COLUMBUS, OH 43219-6160
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Rb Cherry Creek LLC
—
Deed
related
$65,000,000 · Bmo Bank NA
Mar 12, 2019
$86,000,000
Rb Cherry Creek LLC
Columbine Development Partners INC
Special Warranty Deed
$62,725,000 · Wells Fargo Bank NA
Apr 12, 2018
—
Columbine Dev Partners LLC
—
Grant Deed
related
$43,650,000 · Firstbank/lpo
Feb 23, 2017
—
Columbine Dev Partners LLC
—
Deed
related
$1,800,462 · Firstbank
Jan 28, 2015
—
Columbine Dev Partners LLC
Old Cdp LLC
Quit Claim Deed
related
$41,719,560 · Firstbank
Apr 4, 2014
$5,839,300
Columbine Development Partners LLC
James F Heimbecher
Special Warranty Deed
$5,906,225 · Firstbank
—
—
Columbine Dev Partners LLC
—
Loan Modification
related
$41,719,560 · Firstbank
—
—
Columbine Dev Partners LLC
—
Deed Of Trust
related
$1,800,462 · Firstbank
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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