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Property profile & analytics
OFF-MARKET
Estimated value
$83,445,000
High-rise multifamily apartments
2797 Wewatta Way Denver, CO 80216-3619
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1335806
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2011
Construction
WOOD
Total area
333,357 SF
Lot
3.04 ac (132,379 SF)
Zoning code
PUD
APN
02274-14-001-000
UPID
US13-1335806
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
-
Waterford RiNo - Sculpture Entrance Apartment Complex
-
Derek Johnson Visuals Marketing & Advertising Advertising Agency
-
FriendLynk Marketing & Advertising IT Consulting Firm
-
Samantha Cocca Alternative Medicine Practice Spa & Massage Center
-
Waterford RiNo Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$77.87M
Comparable Approach
Comparable
$110.11M
Blend (final)
Blend
$83.45M
Owner & transaction history
Cws Wind Up Rino LLC · 7 yrs held
Cws Wind Up Rino LLC
since 2018
6 recorded transactions
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$136.3M
+68.7%
Auto repair, garage
$133.5M
+65.2%
Neighborhood: shopping center
$108.2M
+33.9%
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%
$84,360,000
6.5%
$77,870,000
7%
$72,310,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$80,830,000
Current use
RESTAURANT
$136,335,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$133,520,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$108,195,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$107,210,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$101,225,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$85,305,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$83.45M
Range $75.10M – $91.79M · ±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
$250 / 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
$1,111,152
Tax year 2023
Assessed value
$8,669,970
Assessed 2023
Previous assessed
$6,131,140
+41.4% YoY
Effective rate
12.82%
On assessed value
Assessed land
$1,548,460
Assessed improvement
$7,121,510
Land market value
$23,166,300
Improvement market value
$106,291,200
Total market value
$129,457,500
Applied tax rate
452.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
6
Units
301
Rooms
94
Bathrooms
1
Total area
333,357 SF
Lot
3.04 ac (132,379 SF)
Zoning code
PUD
APN
02274-14-001-000
UPID
US13-1335806
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
$80.8M
RESTAURANT
Est. value
$136.3M
AUTO REPAIR, GARAGE
Est. value
$133.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$108.2M
RETAIL STORES
Est. value
$107.2M
MEDICAL BUILDING
Est. value
$101.2M
OFFICE BUILDING
Est. value
$85.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2011
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
6
Units
301
Rooms
94
Bathrooms
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Cws Wind Up Rino LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3501 JAMBOREE RD STE #3000, NEWPORT BEACH, CA 92660-2904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2018
—
Cws Wind Up Rino LLC
Hllc Cws Rino LP
Quit Claim Deed
related
—
Nov 2, 2018
—
Cws Saf Rino LLC
Hllc Cws Rino LP
Quit Claim Deed
—
Nov 2, 2018
$90,617,000
Waterford Rino LLC
Cws Wind Up Rino LLC
Grant Deed
$44,500,000 · Miscellaneous Ins Co
Jun 16, 2015
$72,500,000
Hllc Cws Rino LP
Denargo Market Mf-i LP
Grant Deed
$54,375,000 · Cbre Multifamily Cap
Dec 20, 2013
—
Denargo Market Mf-i LP
—
Grant Deed
related
$44,000,000 · Bank Of America California NA
—
—
Waterford Rino LLC
—
Loan Modification
related
$190,007,395 · Miscellaneous Ins Co
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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