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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
2715 Larimer St Denver, CO 80205-2220
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2640460
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
WOOD
Total area
2,188 SF
Lot
0.07 ac (3,131 SF)
Zoning code
I-MX-3
APN
02277-01-035-000
UPID
US13-2640460
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
-
MK Design Marketing & Advertising Advertising Agency
-
The Banshee House Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Amk2715larimer LLC · 1 yrs held
Amk2715larimer LLC
since 2025
7 recorded transactions
Zoning & alternative use
I-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$710,000
+6.3%
Commercial (general)
$710,000
+6.0%
Retail stores
$705,000
+5.3%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$670,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +6% · Conversion: Easy
RETAIL STORES
$705,000
Change: +5% · Conversion: Moderate
MEDICAL BUILDING
$665,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$238 / 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
$18,990
Tax year 2023
Assessed value
$233,050
Assessed 2023
Previous assessed
$233,920
-0.4% YoY
Effective rate
8.15%
On assessed value
Assessed land
$166,340
Assessed improvement
$66,710
Land market value
$626,200
Improvement market value
$239,100
Total market value
$865,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Units
9
Rooms
3
Bathrooms
1
Total area
2,188 SF
Lot
0.07 ac (3,131 SF)
Zoning code
I-MX-3
APN
02277-01-035-000
UPID
US13-2640460
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, CO
Zoning 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
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$665,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1959
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
9
Rooms
3
Bathrooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Amk2715larimer LLC
Entity
Mailing address
4144 10TH ST #4, DENVER, CO 80212-2297
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
—
Amk2715larimer LLC
Rbg LLC
Bargain & Sale Deed
$600,000 · Alpine Bank
Apr 3, 2023
—
Rbg LLC
—
Deed
related
$69,750 · Alpine Bank
May 23, 2022
—
Rbo LLC
—
Deed
related
$250,000 · Alpine Bank
Mar 26, 2019
$785,000
Rbg
2715 Larimer LLC
Special Warranty Deed
$549,500 · Alpine Bank
Jan 6, 2015
—
2715 Larimer LLC
Hoyl Conservation Props LLC
Grant Deed
—
Aug 7, 2013
$462,000
Hoyl Conservation Props LLC
Parasol LLC
Warranty Deed
—
Jul 18, 2008
$380,000
James Mckeever
Finholm,timothy M
Warranty Deed
—
Jul 18, 2008
—
Parasol LLC
James Mckeever
Special Warranty Deed
$304,000 · Wells Fargo Bank NA
Dec 26, 2007
$194,500
Timothy M Finholm
Milliken,beth W
Warranty Deed
$187,500 · United Western Bank
Dec 10, 2007
—
Beth W Milliken
Gregory,celeste K
Quit Claim Deed
related
—
May 16, 2006
—
Beth W Milliken
Gregory,celeste K
Quit Claim Deed
related
—
Sep 16, 2005
—
Beth W Milliken
Gregory,celeste K
Quit Claim Deed
related
—
Sep 27, 2004
—
Beth Milliken
Milliken,beth
Quit Claim Deed
related
—
Sep 7, 2004
—
Celeste K Gregory
Milliken,beth W
Quit Claim Deed
related
—
—
—
Parasol LLC
—
Deed Of Trust
related
$300,000 · Key Bank & Trust
—
—
Beth W Milliken
—
Deed Of Trust
related
$190,000 · Commercial Federal Bank
—
—
Timothy M Finholm
—
Deed Of Trust
related
$285,000 · Colorado Capital Bank
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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