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Property profile & analytics
OFF-MARKET
Estimated value
$17,330,000
High-rise multifamily apartments
2632 Blake St Denver, CO 80205-2255
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US13-1920156
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2006
Construction
CONCRETE
Total area
75,427 SF
Lot
0.65 ac (28,159 SF)
Zoning code
PUD
APN
02277-05-048-000
UPID
US13-1920156
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
-
Blake Street Apartments Apartment Complex
-
West + Main Homes Real Estate Agency
-
Taran Hight - Realtor Real Estate Agency
-
Brit Cole Colorado Real Estate Real Estate Agency
-
Arjun Gosal - West + Main Homes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.33M
Owner & transaction history
Blake Street Housing Ptrs Lllp
Blake Street Housing Ptrs Lllp
1 recorded transaction
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$24.5M
+6.5%
Commercial (general)
$24.4M
+6.2%
Retail stores
$24.3M
+5.5%
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%
$19,090,000
6.5%
$17,620,000
7%
$16,360,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$22,995,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$24,480,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$24,415,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$24,255,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$23,030,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$17.33M
Range $15.60M – $19.06M · ±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
$230 / 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
$168,174
Tax year 2023
Assessed value
$2,170,380
Assessed 2023
Previous assessed
$1,108,540
+95.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$453,830
Assessed improvement
$1,716,550
Land market value
$6,828,600
Improvement market value
$25,620,200
Total market value
$32,448,800
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Units
94
Rooms
301
Bathrooms
1
Total area
75,427 SF
Lot
0.65 ac (28,159 SF)
Zoning code
PUD
APN
02277-05-048-000
UPID
US13-1920156
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
$23.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.5M
COMMERCIAL (GENERAL)
Est. value
$24.4M
RETAIL STORES
Est. value
$24.3M
OFFICE BUILDING
Est. value
$23.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2006
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
6
Units
94
Rooms
301
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Blake Street Housing Ptrs Lllp
Entity
Mailing address
412 NW 5TH AVE STE #200, PORTLAND, OR 97209-3893
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Blake Street Housing Ptrs Lllp
—
Deed Of Trust
related
$3,700,000 · Prudential Affordable Mtg Co
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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