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Property profile & analytics
FOR LEASE
Strip malls
2800 Walnut St Denver, CO 80205
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0741461
For Lease
$16,600,000
2800 Walnut St, Denver, CO 80205
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
WOOD
Total area
47,874 SF
Lot
0.86 ac (37,590 SF)
Zoning code
I-MX-5
APN
02275-14-009-000
UPID
US13-0741461
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
-
Parsyl (Bike/Boat/Book/etc) Store Corporate Office
-
Artisan Rug Gallery (Bike/Boat/Book/etc) Store Carpet & Flooring Store
-
SOLESDI SAMPLE SALE Big Box & Wholesale Store
-
REV'IT! Denver Department Store
-
Design Wright Studios Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.60M
CAP Approach
CAP
$10.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.60M
Owner & transaction history
Np 2800 Walnut LLC · 1 yrs held
Np 2800 Walnut LLC
since 2024
Last sale
$16.6M
7 recorded transactions
Zoning & alternative use
I-MX-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.6M
+26.0%
Auto repair, garage
$19.2M
+23.4%
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
$16,600,000
ML approach
$16,600,000
CAP Approach
CAP Return
Estimation
6%
$11,705,000
6.5%
$10,800,000
7%
$10,030,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,540,000
Current use
RESTAURANT
$19,580,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,175,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,495,000
Change: 0% · Conversion: Easy
RETAIL STORES
$15,395,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$14,620,000
Change: -6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$14,595,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$16.60M
Range $14.94M – $18.26M · ±10% · vs last sale $16.60M (Oct 31 2024)
Last sale anchor
$16.60M
Oct 31 2024
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
$347 / 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
$366,989
Tax year 2023
Assessed value
$4,363,470
Assessed 2023
Previous assessed
$3,851,950
+13.3% YoY
Effective rate
8.41%
On assessed value
Assessed land
$2,613,530
Assessed improvement
$1,749,940
Land market value
$9,397,500
Improvement market value
$6,272,200
Total market value
$15,669,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Total area
47,874 SF
Lot
0.86 ac (37,590 SF)
Zoning code
I-MX-5
APN
02275-14-009-000
UPID
US13-0741461
Jurisdiction
DENVER
Zoning & alternative use
I-MX-5 · Denver, CO
Zoning I-MX-5 · permitted uses
I-MX-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.5M
RESTAURANT
Est. value
$19.6M
AUTO REPAIR, GARAGE
Est. value
$19.2M
COMMERCIAL (GENERAL)
Est. value
$15.5M
RETAIL STORES
Est. value
$15.4M
OFFICE BUILDING
Est. value
$14.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Lot
0.86 ac
Current owner
From public records · entity-resolved
Np 2800 Walnut LLC
Entity
Mailing address
3657 MAIN ST, MANCHESTER, VT 05254-4135
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$16,600,000
Np 2800 Walnut LLC
2800 Walnut Street LLC
Special Warranty Deed
$11,773,238 · Barings LLC
Apr 24, 2018
$14,850,000
2800 Walnut Street LLC
Pathfinder Winfield Rino Hldgs
Grant Deed
—
Nov 12, 2015
—
Pathfinder Winfield Rino Holdi
—
Deed Of Trust
related
$6,127,620 · North Star Bk
Oct 1, 2015
$4,572,000
Pathfinder Winfield Rino Holdi
2800 Walnut Holdings LLC
Grant Deed
—
Mar 4, 2015
$3,200,000
1425 Market LLC
Gold Star Sausage Co
Grant Deed
—
Feb 28, 2013
—
Gold Star Sausage Co
—
Trustees Deed
related
$1,000,000 · Collegiate Peaks Bank
—
—
Gold Star Sausage Co
—
Deed Of Trust
related
$1,360,000 · Firstbank Of Denver NA
—
—
Gold Star Sausage Co
—
Deed Of Trust
related
$650,000 · Pisciotta Family Trust (pt)
—
—
Gold Star Sausage Co
—
Deed Of Trust
related
$1,009,010 · Money Store Commercial Mtg
—
—
Gold Star Sausage Co INC
—
Deed Of Trust
related
$1,011,149 · Foothills 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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