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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Garden apartment buildings
2945 43rd Ave 2955 Denver, CO 80211-1634
Individually Owned
~
Est. High Equity
Property ID
US13-0245868
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Construction
WOOD
Total area
2,115 SF
Lot
0.11 ac (4,790 SF)
Zoning code
U-SU-C1
APN
02204-06-008-000
UPID
US13-0245868
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
$495k
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$640k
Owner & transaction history
Morton Logan
Morton Logan
since 2026
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
U-SU-C1 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+24.4%
Auto repair, garage
$845,000
+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%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$835,000
Current use
RETAIL STORES
$1,035,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: -18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $700k (Jan 6 2026)
Last sale anchor
$700k
Jan 6 2026
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
$303 / 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
$4,386
Tax year 2023
Assessed value
$56,610
Assessed 2023
Previous assessed
$43,630
+29.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$8,870
Assessed improvement
$47,740
Land market value
$187,400
Improvement market value
$712,600
Total market value
$900,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
3
Rooms
9
Bathrooms
1
Total area
2,115 SF
Lot
0.11 ac (4,790 SF)
Zoning code
U-SU-C1
APN
02204-06-008-000
UPID
US13-0245868
Jurisdiction
DENVER
Zoning & alternative use
U-SU-C1 · Denver, CO
Zoning U-SU-C1 · permitted uses
U-SU-C1 · 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
$835,000
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$685,000
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
1940
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
3
Rooms
9
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Morton Logan
Individual
Mailing address
3226 PIERSON ST, WHEAT RIDGE, CO 80033-5412
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
$700,000
Morton Logan
Federal Blvd LLC
Warranty Deed
$665,000 · Elevations Cu
May 20, 2021
—
Federal Blvd LLC
Enigma Investments LLC
Bargain And Sale Deed
—
Oct 13, 2020
$100,000
Enigma Investments LLC
Melody V Rivera
Quit Claim Deed
related
—
Oct 13, 2020
—
Eni Gma Invs LLC
—
Deed
related
$460,000 · Firstbank
Jun 27, 2017
—
Michael D Rivera SR.
—
Deed
related
$278,000 · Mountain West Financial INC
May 1, 2017
—
Michael D Rivera
Enigma Investments LLC
Quit Claim Deed
related
—
Nov 14, 2008
—
Enigma Investments LLC
Rivera,michael D
Grant Deed
—
Jan 5, 2004
—
Michael D Rivera
Ensigma Investments LLC
Quit Claim Deed
related
—
Mar 19, 2001
$249,900
Enigma Investments LLC
Breit,irving L & Gloria J
Grant Deed
$218,480 · Merchants Mortgage & Trust
—
—
Enigma Investments LLC
—
Deed Of Trust
related
$220,000 · Washington Mutual Fsb
—
—
Michael D Rivera
—
Deed Of Trust
related
$247,500 · Indymac Bank Fsb
—
—
Eni Gma Invs LLC
—
Deed Of Trust
related
$460,000 · Firstbank
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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