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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Garden apartment buildings
2835 12th Ave 2847 Denver, CO 80206-3319
Individually Owned
2-yr Hold
Free & Clear
Property ID
US13-2509655
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1956
Construction
WOOD
Total area
4,372 SF
Lot
0.14 ac (6,250 SF)
Zoning code
U-TU-C
APN
05012-24-011-000
UPID
US13-2509655
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Ronald J Herrera · 2 yrs held
Ronald J Herrera
since 2023
4 recorded transactions
Zoning & alternative use
U-TU-C · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,105,000
6.5%
$1,020,000
7%
$950,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$181 / 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
$8,642
Tax year 2023
Assessed value
$111,530
Assessed 2023
Previous assessed
$71,970
+55.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$37,410
Assessed improvement
$74,120
Land market value
$613,300
Improvement market value
$1,106,300
Total market value
$1,719,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
4
Rooms
16
Bathrooms
1
Total area
4,372 SF
Lot
0.14 ac (6,250 SF)
Zoning code
U-TU-C
APN
05012-24-011-000
UPID
US13-2509655
Jurisdiction
DENVER
Zoning & alternative use
U-TU-C · Denver, CO
Zoning U-TU-C · permitted uses
U-TU-C · 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.
Building & site characteristics
From public records
Year built
1956
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
4
Rooms
16
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ronald J Herrera
Individual
Free & Clear · 2 yrs held
Mailing address
217 FOX ST, DENVER, CO 80223-1323
Ownership since
2023
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
Nov 15, 2023
—
Ronald J Herrera
Ronald J Herrera
Intrafamily Transfer
related
—
Mar 5, 2008
$205,000
Flora Herrera
Herrera,robert W
Grant Deed
related
—
Feb 6, 2008
—
Flora Herrera
Flo INC
Quit Claim Deed
related
—
Dec 21, 2007
—
Flora Herrera
Herrera,michael W
Quit Claim Deed
related
—
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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