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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Office buildings
2877 Lawrence St Denver, CO 80205-2228
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1012761
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
WOOD
Total area
10,120 SF
Lot
0.43 ac (18,832 SF)
Zoning code
G-RO-3
APN
02276-21-019-000
UPID
US13-1012761
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
-
Volunteers of America Mission Charitable Organization Social Service Agency
-
Volunteers Of America Colorado Branch - Food Distribution Center Food Bank Charitable Organization
-
Voa Men's Rehabilitation Center Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.99M
Owner & transaction history
Walnut Office Investors LLC · 3 yrs held
Walnut Office Investors LLC
since 2023
2 recorded transactions
Zoning & alternative use
G-RO-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+6.3%
Commercial (general)
$3.3M
+6.0%
Retail stores
$3.3M
+5.3%
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%
$2,635,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,090,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,285,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,275,000
Change: +6% · Conversion: Easy
RETAIL STORES
$3,255,000
Change: +5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,085,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$196 / 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
Assessed value
$948,350
Assessed 2023
Previous assessed
$891,580
+6.4% YoY
Assessed land
$385,690
Assessed improvement
$562,660
Land market value
$1,412,400
Improvement market value
$2,016,700
Total market value
$3,429,100
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
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,120 SF
Lot
0.43 ac (18,832 SF)
Zoning code
G-RO-3
APN
02276-21-019-000
UPID
US13-1012761
Jurisdiction
DENVER
Zoning & alternative use
G-RO-3 · Denver, CO
Zoning G-RO-3 · permitted uses
G-RO-3 · 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
OFFICE BUILDING Current
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Walnut Office Investors LLC
Entity
Mailing address
2660 LARIMER ST, DENVER, CO 80205-2219
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
Walnut Office Investors LLC
—
Deed
related
$25,500,000 · Bell Bank
—
—
Volunteers Of America Of Colorado
—
Deed Of Trust
related
$67,258 · City & County Denver
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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