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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Garden apartment buildings
254 Delaware St 26 Denver, CO 80223-1306
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0936695
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1927
Construction
WOOD
Total area
3,229 SF
Lot
0.22 ac (9,379 SF)
Zoning code
U-RH-2.5
APN
05102-29-020-000
UPID
US13-0936695
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$645k
Owner & transaction history
Peggy Lea Vonburg · 2 yrs held
Peggy Lea Vonburg
since 2024
Last sale
$610,000
1 recorded transaction
Zoning & alternative use
U-RH-2.5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+2.9%
Commercial (general)
$1.0M
+2.6%
Retail stores
$1.0M
+1.9%
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%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,020,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,050,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,045,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$1,040,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$980,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$950,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $610k (Jul 1 2025)
Last sale anchor
$610k
Jul 1 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
$200 / 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
$7,645
Tax year 2023
Assessed value
$98,660
Assessed 2023
Previous assessed
$70,700
+39.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$48,340
Assessed improvement
$50,320
Land market value
$776,500
Improvement market value
$751,100
Total market value
$1,527,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
1
Units
4
Rooms
20
Bathrooms
1
Total area
3,229 SF
Lot
0.22 ac (9,379 SF)
Zoning code
U-RH-2.5
APN
05102-29-020-000
UPID
US13-0936695
Jurisdiction
DENVER
Zoning & alternative use
U-RH-2.5 · Denver, CO
Zoning U-RH-2.5 · permitted uses
U-RH-2.5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$980,000
OFFICE BUILDING
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1927
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
2
Units
4
Rooms
20
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Peggy Lea Vonburg
Individual
Free & Clear · 2 yrs held
Mailing address
3749 GILL DR, DENVER, CO 80209-3510
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Peggy Lea Vonburg
Peggy Lea Vonburg
Intrafamily Transfer
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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