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Property profile & analytics
OFF-MARKET
Estimated value
$28,625,000
High-rise multifamily apartments
2775 Brk Dr Denver, CO 80222-6760
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0884602
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2013
Construction
WOOD
Total area
133,466 SF
Lot
1.55 ac (67,322 SF)
Zoning code
S-MU-5
APN
06312-00-006-000
UPID
US13-0884602
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
-
LasVegasBuffetClub.com Information Services
-
Residences at University Hills Apartment Complex
-
Candle Press Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.18M
Comparable Approach
Comparable
$27.97M
Blend (final)
Blend
$28.63M
Owner & transaction history
Anchor Brook LLC · 3 yrs held
Anchor Brook LLC
since 2022
Last sale
$29.5M
5 recorded transactions
Zoning & alternative use
S-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$43.3M
+21.2%
Commercial (general)
$43.2M
+20.9%
Retail stores
$42.9M
+20.1%
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
$27,535,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,775,000
6.5%
$31,175,000
7%
$28,950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$35,730,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$43,320,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$43,200,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$42,925,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$40,525,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$28.63M
Range $25.76M – $31.49M · ±10% · vs last sale $29.50M (Aug 16 2022)
Last sale anchor
$29.50M
Aug 16 2022
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
$214 / 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
$152,866
Tax year 2023
Assessed value
$1,972,820
Assessed 2023
Previous assessed
$2,029,490
-2.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$127,680
Assessed improvement
$1,845,140
Land market value
$1,960,600
Improvement market value
$27,539,400
Total market value
$29,500,000
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
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
101
Rooms
35
Bathrooms
2
Total area
133,466 SF
Lot
1.55 ac (67,322 SF)
Zoning code
S-MU-5
APN
06312-00-006-000
UPID
US13-0884602
Jurisdiction
DENVER
Zoning & alternative use
S-MU-5 · Denver, CO
Zoning S-MU-5 · permitted uses
S-MU-5 · 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
$35.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.3M
COMMERCIAL (GENERAL)
Est. value
$43.2M
RETAIL STORES
Est. value
$42.9M
MEDICAL BUILDING
Est. value
$40.5M
APARTMENT HOUSE (5+ UNITS) 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
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
101
Rooms
35
Bathrooms
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Anchor Brook LLC
Entity
Mailing address
2314 N BROADWAY, DENVER, CO 80205-2088
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
$29,500,000
Anchor Brook LLC
Residences At University Hills LLC
Special Warranty Deed
$19,977,400 · Wells Fargo Bank NA
Oct 29, 2014
—
Residences At University Hills
—
Loan Modification
related
$17,450,000 · Housing Fin Auth
Oct 11, 2012
—
Residences At University Hills LLC
University Hills Senior Residences
Special Warranty Deed
$17,450,000 · Colorado Housing & Finance Authority
Aug 1, 2011
—
University Hills Senior Reside
—
Trustees Deed
related
$1,278,000 · Firstbank NA
Mar 2, 2011
$1,850,000
University Hills Senior Reside
First Baptist Ch Of Highlands Ran
Warranty Deed
$1,750,000 · First Baptist Ch/highlands Ran
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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