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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Distribution centers
2531 62nd Ct F Denver, CO 80221-2021
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0353176
Property summary
AI-generated overview
This Denver industrial warehouse, built in 2002, offers 16,800 square feet of flexible space, divisible down to 1,316 square feet. Currently, 8,764 square feet is available for lease. The single-story building features 22 drive-in doors, situated on a 1.2-acre lot. The property boasts a convenient location with easy access to major highways including Federal Blvd, I-76, and I-25, making it ideal for businesses requiring efficient transportation and logistics. The building is zoned PUD and comprises 13 suites within a cinder block structure with a metal roof. The entire 16,800 square foot building is available for lease, or it can be divided to accommodate various tenant needs, ranging from single to triple bay units. This multi-tenant property presents a unique opportunity for businesses seeking a versatile and strategically located warehouse space in Denver, Colorado. The address is 2531 W 62nd Ct, Denver, CO 80221.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Total area
13,900 SF
Lot
1.2 ac (52,228 SF)
APN
R0141234
UPID
US13-0353176
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
-
Akisp Diesel Emissions Sustainability Organization
-
Rigid Ironworks LLC Factory Production Facility
-
Big Toe Towing Auto Repair Shop
-
Liehi Auto Parts Store Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
2531 W 62nd LLC · 1 yrs held
2531 W 62nd LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
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
$1,625,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
$2,395,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,235,000
Current use
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.63M (Sep 27 2024)
Last sale anchor
$1.63M
Sep 27 2024
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
$117 / 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
$79,946
Tax year 2023
Assessed value
$652,780
Assessed 2023
Previous assessed
$652,780
+0.0% YoY
Effective rate
12.25%
On assessed value
Assessed land
$131,150
Assessed improvement
$521,630
Land market value
$470,056
Improvement market value
$1,869,644
Total market value
$2,339,700
Applied tax rate
495.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Heating
SPACE
Stories
1
Total area
13,900 SF
Lot
1.2 ac (52,228 SF)
APN
R0141234
UPID
US13-0353176
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
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
2002
Heating
SPACE
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
2531 W 62nd LLC
Entity
Mailing address
3535 PO BOX 260727TH ST, LAKEWOOD, CO 80226-0727
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$1,625,000
2531 W 62nd LLC
Beach62 LLC
Special Warranty Deed
—
Mar 22, 2013
$690,000
Beach62 LLC
Fire62 LLC
Warranty Deed
—
Aug 13, 2012
$550,000
Fire62 LLC
Covenants LLC
Warranty Deed
—
Apr 17, 2006
—
Covenants LLC
Covenants LLC
Quit Claim Deed
related
$1,500,000 · Colorado Housing & Finance Aut
Nov 12, 2004
—
David R Nettrour
Nettrour,david R
Quit Claim Deed
related
—
Dec 10, 2001
—
David R Nettroue
—
Trustees Deed
related
$780,000 · Guaranty Bank & Trust Co
Sep 20, 2001
$238,000
David R Nettrour
Clear Creek Valley Industrial
Grant Deed
—
—
—
David R Nettrour
—
Deed Of Trust
related
$1,500,000 · Guaranty Bank
—
—
Fire62 LLC
—
Deed Of Trust
related
$490,000 · Plattetek LLC
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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