Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
2777 Mile High Stadium Cir Denver, CO 80211
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-0695166
For Lease
1 / 2
$12,345,000
2777 Mile High Stadium Cir, Denver, CO 80211
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
CONCRETE
Total area
61,236 SF
Lot
3.02 ac (131,760 SF)
Zoning code
B-2
APN
02321-32-047-000
UPID
US13-0695166
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
-
Benjamin Carpenter, MD Physician Medical Clinic
-
Christopher Dru Physician Medical Clinic
-
Juan Montoya, MD Physician Medical Clinic
-
Brett Abernathy MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.48M
Comparable Approach
Comparable
$10.94M
Blend (final)
Blend
$12.35M
Owner & transaction history
Nh22 Mhsc LLC · 10 yrs held
Nh22 Mhsc LLC
since 2015
4 recorded transactions
Zoning & alternative use
B-2 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.9M
+6.9%
Commercial (general)
$19.8M
+6.6%
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%
$13,520,000
6.5%
$12,480,000
7%
$11,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$18,595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,875,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,820,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$15,670,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$12.35M
Range $11.11M – $13.58M · ±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
$202 / 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
$537,031
Tax year 2023
Assessed value
$6,930,690
Assessed 2023
Previous assessed
$6,362,600
+8.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$4,954,370
Assessed improvement
$1,976,320
Land market value
$17,787,600
Improvement market value
$7,083,600
Total market value
$24,871,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
6
Total area
61,236 SF
Lot
3.02 ac (131,760 SF)
Zoning code
B-2
APN
02321-32-047-000
UPID
US13-0695166
Jurisdiction
DENVER
Zoning & alternative use
B-2 · Denver, CO
Zoning B-2 · permitted uses
B-2 · 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
MEDICAL BUILDING Current
Est. value
$18.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.9M
COMMERCIAL (GENERAL)
Est. value
$19.8M
OFFICE BUILDING
Est. value
$15.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2006
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
6
Lot
3.02 ac
Current owner
From public records · entity-resolved
Nh22 Mhsc LLC
Entity
Mailing address
6600 FRANCE AVE S STE #550, MINNEAPOLIS, MN 55435-1810
Ownership since
2015
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 1, 2015
$35,150,000
Nh22 Mhsc LLC
Tucc Medical Centre Joint Ventures
Special Warranty Deed
$21,000,000 · Pnc Bank NA
Sep 16, 2010
$23,250,000
Tucc Medical Center Jv LLC
Tucc Medical Center LLC
Grant Deed
—
Sep 29, 2005
$3,960,348
Tucc Medical Center LLC
Spargo & Associates LLC
Grant Deed
$11,170,000 · Compass Bank
—
—
Tucc Medical Center LLC
—
Deed Of Trust
related
$16,650,000 · General Electric Capital Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
