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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Garden apartment buildings
2700 Federal Blvd Denver, CO 80236-2620
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1201582
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
14,061 SF
Lot
0.45 ac (19,564 SF)
Zoning code
S-MU-3
APN
05321-03-001-000
UPID
US13-1201582
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
-
The Hill Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.16M
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.12M
Owner & transaction history
Mimg Cc Federal Master LLC · 2 yrs held
Mimg Cc Federal Master LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
S-MU-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.6M
+4.4%
Commercial (general)
$4.6M
+4.1%
Retail stores
$4.5M
+3.5%
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
$3,120,000
ML approach
$3,155,000
CAP Approach
CAP Return
Estimation
6%
$3,560,000
6.5%
$3,285,000
7%
$3,050,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,370,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,565,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,550,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$4,520,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$4,270,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$3,600,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10% · vs last sale $3.10M (May 24 2023)
Last sale anchor
$3.10M
May 24 2023
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
$222 / 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
$18,839
Tax year 2023
Assessed value
$243,130
Assessed 2023
Previous assessed
$215,840
+12.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$18,690
Assessed improvement
$224,440
Land market value
$333,900
Improvement market value
$3,349,900
Total market value
$3,683,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1971
Construction
WOOD
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
3
Units
23
Rooms
69
Bathrooms
1
Total area
14,061 SF
Lot
0.45 ac (19,564 SF)
Zoning code
S-MU-3
APN
05321-03-001-000
UPID
US13-1201582
Jurisdiction
DENVER
Zoning & alternative use
S-MU-3 · Denver, CO
Zoning S-MU-3 · permitted uses
S-MU-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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.6M
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
1971
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
23
Rooms
69
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mimg Cc Federal Master LLC
Entity
Mailing address
2195 N STATE HWY 83RD STE 14B, FRANKTOWN, CO 80116-9604
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
—
Mimg Cc Federal Master LLC
Mimg Tuc Lcaz Federal LLC
Correction Deed
related
—
May 24, 2023
—
Mimg Cc Federal Master LLC
Mimg Tuc Lcaz Federal LLC
Intrafamily Transfer
related
—
Oct 1, 2019
$3,100,000
Hill Apartments LLC
The Hill Limited
Special Warranty Deed
$2,375,000 · Alpine Bank
Jan 17, 2014
—
The Hill Limited
Gail Goitia
Special Warranty Deed
$1,350,000 · Guaranty Bank & Trust Co
Jan 17, 2014
$1,795,000
Gail Goitia
Arvell Apartments LLC
Grant Deed
—
Nov 6, 2012
$1,400,000
Arvell Apartments LLC
Izod Associates LLC
Grant Deed
$991,100 · Izod Associates LLC
—
—
Hill Ltd
—
Deed Of Trust
related
$1,500,000 · Jp Morgan Chase Bk
—
—
Arvell Apartments LLC
—
Deed Of Trust
related
$1,050,000 · Bank Of The West
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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