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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Office buildings
280 Pennsylvania St Denver, CO 80209-1920
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2451924
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
WOOD
Total area
2,520 SF
Lot
0.11 ac (4,687 SF)
Zoning code
U-MS-2
APN
05104-33-006-000
UPID
US13-2451924
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
-
Stantec Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$1.09M
Owner & transaction history
Gama Crew II LLC · 6 yrs held
Gama Crew II LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
U-MS-2 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+56.5%
Neighborhood: shopping center
$820,000
+26.8%
Commercial (general)
$815,000
+26.5%
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
$1,170,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,010,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: +26% · Conversion: Easy
RETAIL STORES
$810,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$765,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.05M (Apr 13 2020)
Last sale anchor
$1.05M
Apr 13 2020
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
$433 / 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
$17,193
Tax year 2023
Assessed value
$221,890
Assessed 2023
Previous assessed
$213,640
+3.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$109,310
Assessed improvement
$112,580
Land market value
$421,800
Improvement market value
$403,500
Total market value
$825,300
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
1967
Construction
WOOD
Heating
HOT WATER
Cooling
EVAPORATIVE
Stories
1
Units
7
Total area
2,520 SF
Lot
0.11 ac (4,687 SF)
Zoning code
U-MS-2
APN
05104-33-006-000
UPID
US13-2451924
Jurisdiction
DENVER
Zoning & alternative use
U-MS-2 · Denver, CO
Zoning U-MS-2 · permitted uses
U-MS-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
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$815,000
RETAIL STORES
Est. value
$810,000
MEDICAL BUILDING
Est. value
$765,000
AUTO REPAIR, GARAGE
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
1967
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
7
Lot
0.11 ac
Current owner
From public records · entity-resolved
Gama Crew II LLC
Entity
Mailing address
1752 E ALTADENA DR, ALTADENA, CA 91001-2153
Ownership since
2020
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
Apr 13, 2020
$1,050,000
Gama Crew II LLC
Light Brigade LLC
Special Warranty Deed
$840,000 · Jpmorgan Chase Bank NA
Aug 20, 2019
$900,000
Light Brigade LLC
280 South Oennsylvania Street LLC
Special Warranty Deed
$720,000 · Alpine Bank
Aug 20, 2019
—
280 Pennsylvania Street LLC
Bowers,michelle D & Mark A
Warranty Deed
—
Apr 30, 2019
—
Mark A Bowers
—
Deed
related
$120,000 · Us Bk
Mar 19, 2008
$415,000
Michelle D Bowers
Ridgerunner Holdings INC
Warranty Deed
$430,000 · Us Bank NA
Sep 19, 2007
—
Ridgerunner Holdings INC
—
Trustees Deed
related
$225,000 · V R M Capital Corp
Oct 10, 2005
—
Ridgerunner Holdings INC
—
Trustees Deed
related
$178,500 · V R M Capital Corp
—
—
Mark A Bowers
—
Loan Modification
related
$120,000 · Us Bk
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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