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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Garden apartment buildings
2929 37th Ave Denver, CO 80211-2827
Individually Owned
~
Est. High Equity
Property ID
US13-0094174
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1947
Construction
WOOD
Total area
2,074 SF
Lot
0.16 ac (6,810 SF)
Zoning code
U-TU-B
APN
02291-06-007-000
UPID
US13-0094174
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
-
Vektorhaus Design Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$485k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Donald Eugene Heckel JR
Donald Eugene Heckel JR
since 2025
Last sale
$885,000
7 recorded transactions
Zoning & alternative use
U-TU-B · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+24.4%
Auto repair, garage
$830,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$815,000
Current use
RETAIL STORES
$1,015,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$830,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: -18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $885k (Aug 3 2025)
Last sale anchor
$885k
Aug 3 2025
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
$318 / 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
$7,184
Tax year 2023
Assessed value
$92,710
Assessed 2023
Previous assessed
$64,920
+42.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$38,290
Assessed improvement
$54,420
Land market value
$626,500
Improvement market value
$812,300
Total market value
$1,438,800
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
1947
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
4
Rooms
12
Bathrooms
1
Total area
2,074 SF
Lot
0.16 ac (6,810 SF)
Zoning code
U-TU-B
APN
02291-06-007-000
UPID
US13-0094174
Jurisdiction
DENVER
Zoning & alternative use
U-TU-B · Denver, CO
Zoning U-TU-B · permitted uses
U-TU-B · 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
$815,000
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1947
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
4
Rooms
12
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Donald Eugene Heckel JR
Individual
Mailing address
6002 ARCHERY CIR, SALIDA, CO 81201-3620
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
$885,000
Donald Eugene Heckel JR
Matt Grabau
Warranty Deed
$663,750 · Pennymac Loan Services LLC
May 15, 2025
$1,300,000
Matt Grabau
2929 2935 West 37th Avenue LLC
Special Warranty Deed
—
Oct 21, 2013
$820,000
2929-2935 West 37th Avenue LLC
Lammers,daniel J & Kimberly K
Warranty Deed
related
—
Aug 30, 2004
$284,000
Daniel J Lammers
Berman,donna B
Warranty Deed
related
$227,200 · Washington Mutual Fsb
Oct 22, 1998
$190,000
Donna B Berman
Pjb Properties LLC
Grant Deed
related
$161,500 · Novastar Mortgage
—
—
Donna B Berman
—
Deed Of Trust
related
$174,250 · Liberty Bank For Savings
—
—
Donna B Berman
—
Deed Of Trust
related
$175,000 · Greenpoint Mortgage Funding
—
—
Daniel J Lammers
—
Deed Of Trust
related
$232,600 · Bank Of America
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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