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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Medical Office Space
2900 Downing St BB Denver, CO 80205-4481
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0815808
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
CONCRETE
Total area
6,334 SF
Lot
0.08 ac (3,502 SF)
Zoning code
R-MU-30
APN
02263-29-060-060
UPID
US13-0815808
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
-
Creative Strategies for Change Training Center
-
DaVita Denver Dialysis Center Medical Clinic
-
Denver unit Medical Clinic
-
Progress Building Construction Company General Contractor
-
Photosynthesis Creative Studio Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.28M
Owner & transaction history
First Downing LLC · 6 yrs held
First Downing LLC
since 2020
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
R-MU-30 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+34.7%
Auto repair, garage
$2.5M
+31.9%
Neighborhood: shopping center
$2.1M
+6.9%
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
$1,830,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,925,000
Current use
RESTAURANT
$2,590,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,535,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,055,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,050,000
Change: +7% · Conversion: Easy
RETAIL STORES
$2,035,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$1,935,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±10% · vs last sale $2.40M (Feb 13 2020)
Last sale anchor
$2.40M
Feb 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
$360 / 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
$47,278
Tax year 2023
Assessed value
$610,150
Assessed 2023
Previous assessed
$628,200
-2.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$50,280
Assessed improvement
$559,870
Land market value
$210,200
Improvement market value
$2,006,700
Total market value
$2,216,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Total area
6,334 SF
Lot
0.08 ac (3,502 SF)
Zoning code
R-MU-30
APN
02263-29-060-060
UPID
US13-0815808
Jurisdiction
DENVER
Zoning & alternative use
R-MU-30 · Denver, CO
Zoning R-MU-30 · permitted uses
R-MU-30 · 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
MEDICAL BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
2002
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
First Downing LLC
Entity
Mailing address
777 PEARL ST STE #210, BOULDER, CO 80302-5061
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
$2,400,000
First Downing LLC
Eph 13 LLC
Warranty Deed
$1,300,000 · Wells Fargo Bank NA
Dec 12, 2019
—
Eph 13 LLC
—
Loan Modification
related
$1,500,000 · Solera Nat'l Bk
Jul 28, 2017
$1,575,000
Eph 13 LLC
Cc Duhart Limited Partnership
Special Warranty Deed
$995,000 · Solera National Bank
Jun 16, 2015
—
Cc Duhart LP
Duhart Family Trust
Quit Claim Deed
related
—
Feb 27, 2006
$1,350,000
Duhart Family Trust
Davrom LLC
Warranty Deed
—
Feb 27, 2006
—
Davrom LLC
Downing Station Partners LLC
Grant 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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