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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Gas stations
2698 Alameda Ave Denver, CO 80219-3039
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0734426
Property summary
AI-generated overview
This exceptional 0.28-acre commercial land parcel at 2698 W Alameda Ave in Denver, Colorado, presents a compelling redevelopment opportunity. Located in Denver County, zip code 80219, this highly visible property boasts an E-MX-3 (Urban Edge Mixed Use) zoning designation, allowing for a diverse range of development possibilities. Its strategic location offers convenient access to downtown Denver and major transportation arteries, including Interstate 25, ensuring excellent connectivity. The site benefits from a signalized intersection and high traffic counts, maximizing visibility and accessibility for any future development. Utilities are readily available on-site, simplifying the construction process. Further enhancing its appeal is a prominent monument sign opportunity, providing excellent branding potential. This property is priced at $650,000 and represents a rare chance to acquire a well-situated commercial lot in a thriving Denver neighborhood with strong public transportation access. The property's location at the intersection provides excellent visibility and accessibility.
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1949
Construction
WOOD
Total area
590 SF
Lot
0.29 ac (12,500 SF)
Zoning code
E-MX-3
APN
05171-04-001-000
UPID
US13-0734426
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
-
Bradley Petroleum Inc Gas Station
-
Stinker Stores Grocery & Convenience Store
-
Sinclair Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Padas Property LLC · 1 yrs held
Padas Property LLC
since 2024
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
E-MX-3 · Denver, CO
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Dec 20 2024)
Last sale anchor
$600k
Dec 20 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
$1,017 / 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
$12,104
Tax year 2023
Assessed value
$156,210
Assessed 2023
Previous assessed
$165,850
-5.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$131,130
Assessed improvement
$25,080
Land market value
$500,000
Improvement market value
$89,900
Total market value
$589,900
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
9
Total area
590 SF
Lot
0.29 ac (12,500 SF)
Zoning code
E-MX-3
APN
05171-04-001-000
UPID
US13-0734426
Jurisdiction
DENVER
Zoning & alternative use
E-MX-3 · Denver, CO
Zoning E-MX-3 · permitted uses
E-MX-3 · 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.
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
9
Lot
0.29 ac
Current owner
From public records · entity-resolved
Padas Property LLC
Entity
Mailing address
3184 W ELDER ST, BOISE, ID 83705-4709
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$600,000
Padas Property LLC
Joshnik Co Lllp
Warranty Deed
$540,000 · Harvest Small Business Finance LLC
Jul 22, 2019
—
Joshnik Co Lllp
—
Loan Modification
related
$103,000,000 · Zions First Nat'l Bk
Feb 10, 2017
$1,142,900
Joshnik Co Lllp
2698 West Alameda Avenue LLC
Special Warranty Deed
$9,523,920 · Zb NA
Feb 15, 2013
—
2698 West Alameda Avenue LLC
Calkins,bradley H
Grant Deed
—
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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