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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Strip malls
2636 Walnut St Denver, CO 80205-2231
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0451447
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1931
Construction
WOOD
Total area
12,500 SF
Lot
0.31 ac (13,315 SF)
Zoning code
I-MX-3
APN
02277-06-025-000
UPID
US13-0451447
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
-
TransFORM Colorado - RINO Gym & Fitness Center
-
WELLth Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Avalanche Performance and Fitness Gym & Fitness Center
-
Honey Elixir Bar Bar & Pub Nightclub
-
Anchor Down Athletics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.54M
Owner & transaction history
RINO LLC
RINO LLC
Zoning & alternative use
I-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the street and an active Street Level. b. The Industrial Mixed Use districts are also intended to provide a transition between mixed use areas and I-A or I-B…
Zone name
Industrial Mixed Use Context District 3
General category
MIXED_USE
Zone area
728.80 ac
Source
Denver Zoning Code
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%
$3,055,000
6.5%
$2,820,000
7%
$2,620,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,055,000
Current use
COMMERCIAL (GENERAL)
$4,045,000
Change: 0% · Conversion: Easy
RETAIL STORES
$4,020,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$3,815,000
Change: -6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,810,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±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
$203 / 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
$116,852
Tax year 2023
Assessed value
$1,434,010
Assessed 2023
Previous assessed
$1,306,830
+9.7% YoY
Effective rate
8.15%
On assessed value
Assessed land
$734,610
Assessed improvement
$699,400
Land market value
$2,663,000
Improvement market value
$2,506,800
Total market value
$5,169,800
Applied tax rate
474.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1931
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
12,500 SF
Lot
0.31 ac (13,315 SF)
Zoning code
I-MX-3
APN
02277-06-025-000
UPID
US13-0451447
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, COZoning I-MX-3 · permitted uses
I-MX-3 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the street and an active Street Level. b. The Industrial Mixed Use districts are also intended to provide a transition between mixed use areas and I-A or I-B Industrial Districts. c. The Industrial Mixed Use districts accommodate a variety of industrial, commercial, civic and residential uses and encourage affordable housing. 2. Industrial Mixed Use 3 (I-MX-3) I-MX-3 applies to industrially-dominated areas served primarily by local or collector streets with a maximum building height of 3 stories. 3. Industrial Mixed Use 5 (I-MX-5) I-MX-5 applies to industrially-dominated areas served primarily by collector streets with a maximum building height of 5 stories. 4. Industrial Mixed Use 8 (I-MX-8) I-MX-8 applies to industrially-dominated areas served primarily by collector or arterial streets with a maximum building height of 8 stories. 5. Industrial Mixed Use 12 (I-MX-12) I-MX-12 applies to industrially-dominated areas served primarily by collector or arterial streets with a maximum building height of 12 stories.
Zone name
Industrial Mixed Use Context District 3
General category
MIXED_USE
Zone area
728.80 ac
Source
Denver Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1931
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
RINO LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1221 MAIN ST STE #1000, COLUMBIA, SC 29201-3255
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
No recorded transactions
No recorded transactions found for this property.
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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