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Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Retail space
2817 3rd Ave Denver, CO 80206-4900
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1211742
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
WOOD
Total area
13,328 SF
Lot
0.43 ac (18,750 SF)
Zoning code
C-CCN-4
APN
05122-13-108-000
UPID
US13-1211742
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
-
Fortune Wok to Table Restaurant
-
Modern Shoe Repair Denver (Bike/Boat/Book/etc) Store
-
Tibetan Sisters Jewelry & Art (Bike/Boat/Book/etc) Store
-
Simon Pearce Building Supply Hardware & Home Improvement
-
Derecho Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$3.03M
Owner & transaction history
New Snee LLC · 4 yrs held
New Snee LLC
since 2021
3 recorded transactions
Zoning & alternative use
C-CCN-4 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.7M
+8.6%
Neighborhood: shopping center
$4.3M
+0.9%
Commercial (general)
$4.3M
+0.6%
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%
$3,040,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,285,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,655,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,325,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,315,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$4,045,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.03M
Range $2.72M – $3.33M · ±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
$227 / 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
$250,189
Tax year 2023
Assessed value
$2,630,020
Assessed 2023
Previous assessed
$2,039,370
+29.0% YoY
Effective rate
9.51%
On assessed value
Assessed land
$2,476,490
Assessed improvement
$153,530
Land market value
$8,906,300
Improvement market value
$550,300
Total market value
$9,456,600
Applied tax rate
166.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
2
Total area
13,328 SF
Lot
0.43 ac (18,750 SF)
Zoning code
C-CCN-4
APN
05122-13-108-000
UPID
US13-1211742
Jurisdiction
DENVER
Zoning & alternative use
C-CCN-4 · Denver, CO
Zoning C-CCN-4 · permitted uses
C-CCN-4 · 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
RETAIL STORES Current
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1972
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
New Snee LLC
Entity
Mailing address
2817 E 3RD AVE UNIT F, DENVER, CO 80206-4919
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$9,875,000
New Snee LLC
Jones Place Building LLC
Special Warranty Deed
$7,406,250 · Firstbank
Sep 16, 2013
—
Jones Place Building LLC
Jones Place Building LLP
Quit Claim Deed
—
—
—
Janet C Thielen
—
Deed Of Trust
related
$56,300 · First Union Home Equity 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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