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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Warehouses
2520 29th Ave Denver, CO 80211-3712
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1038462
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1952
Construction
WOOD
Total area
7,240 SF
Lot
0.29 ac (12,500 SF)
Zoning code
C-MX-5
APN
02294-16-008-000
UPID
US13-1038462
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
-
Hayes Brothers HVAC Solutions HVAC Service General Contractor
-
Cowtown Barbeque Catering Take-out & Catering Catering Service
-
Caveman Chefs Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.47M
Owner & transaction history
2520 29th LLC · 2 yrs held
2520 29th LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
C-MX-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+102.1%
Commercial (general)
$2.3M
+101.5%
Medical building
$2.2M
+89.0%
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%
$1,245,000
6.5%
$1,150,000
7%
$1,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,165,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,350,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,345,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$2,200,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.89M (Jul 14 2025)
Last sale anchor
$1.89M
Jul 14 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
$202 / 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
$52,068
Tax year 2023
Assessed value
$671,970
Assessed 2023
Previous assessed
$671,970
+0.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$671,690
Assessed improvement
$280
Land market value
$2,437,500
Improvement market value
$1,000
Total market value
$2,438,500
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
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Total area
7,240 SF
Lot
0.29 ac (12,500 SF)
Zoning code
C-MX-5
APN
02294-16-008-000
UPID
US13-1038462
Jurisdiction
DENVER
Zoning & alternative use
C-MX-5 · Denver, CO
Zoning C-MX-5 · permitted uses
C-MX-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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
2520 29th LLC
Entity
Mailing address
7303 ELLIS ST, ARVADA, CO 80005-3577
Ownership since
2024
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
May 21, 2024
—
2520 29th LLC
Jan M Christensen
Special Warranty Deed
—
Sep 14, 2021
$2,300,000
Jan M Christensen
Highland Properties 2021 LLC
Special Warranty Deed
—
Apr 22, 2021
—
Mojo 4400 LLC
Tomatoland Development LLC
Quit Claim Deed
related
$678,776 · Jan M Christensen
Apr 22, 2021
$2,300,000
Highland Properties 2021 LLC
Tomatoland Development LLC
Warranty Deed
$1,586,498 · Firstbank
—
—
Tomatoland Develoment LLC
—
Deed Of Trust
related
$337,613 · Key Bank NA
—
—
Tomatokand Development
—
Deed Of Trust
related
$225,000 · Vectra Bank Colorado NA
—
—
Tomatoland Dev LLC
—
Deed Of Trust
related
—
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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