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Property profile & analytics
OFF-MARKET
Estimated value
$47,525,000
High-rise multifamily apartments
2920 29th Ave Denver, CO 80211-4588
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1560410
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
WOOD
Total area
116,694 SF
Lot
0.88 ac (38,510 SF)
Zoning code
G-MU-5
APN
02294-20-029-000
UPID
US13-1560410
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
-
Alton Jefferson Park Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$43.58M
Blend (final)
Blend
$47.53M
Owner & transaction history
Semref Jefferson Park LLC · 4 yrs held
Semref Jefferson Park LLC
since 2021
Last sale
$56.0M
1 recorded transaction
Zoning & alternative use
G-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$57.2M
+24.4%
Restaurant
$47.7M
+3.9%
Auto repair, garage
$46.7M
+1.7%
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
$54,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$45,955,000
Current use
RETAIL STORES
$57,180,000
Change: +24% · Conversion: Difficult
RESTAURANT
$47,725,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$46,740,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$37,875,000
Change: -18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$37,770,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$47.53M
Range $42.77M – $52.28M · ±10% · vs last sale $56.00M (Oct 19 2021)
Last sale anchor
$56.00M
Oct 19 2021
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
$407 / 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
$306,266
Tax year 2023
Assessed value
$3,748,320
Assessed 2023
Previous assessed
$3,110,170
+20.5% YoY
Effective rate
8.17%
On assessed value
Assessed land
$160,600
Assessed improvement
$3,587,720
Land market value
$2,452,000
Improvement market value
$53,548,000
Total market value
$56,000,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
5
Units
122
Total area
116,694 SF
Lot
0.88 ac (38,510 SF)
Zoning code
G-MU-5
APN
02294-20-029-000
UPID
US13-1560410
Jurisdiction
DENVER
Zoning & alternative use
G-MU-5 · Denver, CO
Zoning G-MU-5 · permitted uses
G-MU-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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$46.0M
RETAIL STORES
Est. value
$57.2M
RESTAURANT
Est. value
$47.7M
AUTO REPAIR, GARAGE
Est. value
$46.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.9M
COMMERCIAL (GENERAL)
Est. value
$37.8M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
2
Units
122
Lot
0.88 ac
Current owner
From public records · entity-resolved
Semref Jefferson Park LLC
Entity
Mailing address
5700 GRIFFIN RD, DAVIE, FL 33314-4507
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$56,000,000
Semref Jefferson Park LLC
Waypoint Walcott Denver Owner LLC
Special Warranty Deed
$25,000 · Thrivent Financial For Lutherans
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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