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Property profile & analytics
FOR LEASE
Strip malls
2960 South Federal Blvd Denver, CO 80236
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US13-2445787
For Lease
1 / 2
$1,570,000
2960 South Federal Blvd, Denver, CO 80236
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
WOOD
Total area
10,000 SF
Lot
1.15 ac (49,982 SF)
Zoning code
PUD
APN
05321-09-056-000
UPID
US13-2445787
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
-
Great Wall Chinese Express Restaurant
-
Fantasy Hair & Nails Hair Salon Nail Salon
-
Jenny's Salon Hair Salon Nail Salon
-
Mini Market Grocery & Convenience Store Food Market
-
First Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Mikern Properties LLC · 14 yrs held
Mikern Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$157 / 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
$44,338
Tax year 2023
Assessed value
$572,200
Assessed 2023
Effective rate
7.75%
On assessed value
Assessed land
$298,420
Assessed improvement
$273,780
Land market value
$1,099,600
Improvement market value
$981,300
Total market value
$2,080,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Total area
10,000 SF
Lot
1.15 ac (49,982 SF)
Zoning code
PUD
APN
05321-09-056-000
UPID
US13-2445787
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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.
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
1.15 ac
Current owner
From public records · entity-resolved
Mikern Properties LLC
Entity
Mailing address
1137 S BOSTON CT, DENVER, CO 80247-2374
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2012
$1,875,000
Mikern Properties LLC
South Federal Investors LLC
Grant Deed
$1,125,000 · First American State Bank
Mar 16, 2009
—
South Federal Investors LLC
Dartmouth & Arkansas Invtrs Ll
Warranty Deed
$800,000 · First American State Bank
Apr 28, 2008
$2,050,000
Dartmouth Ll
South Federal Plaza LLC
Warranty Deed
$206,513 · Bank Of The West
Nov 3, 2004
$1,800,000
South Federal Plaza LLC
Vu,vuong
Grant Deed
$1,327,500 · Weststar Bank
Feb 8, 2002
—
Ngoc D Dinh
Genuine Parts Co
Grant Deed
$165,000 · First American State Bank
—
—
South Federal Plaza LLC
—
Deed Of Trust
related
$1,370,000 · Lasalle National Bank
—
—
South Federal Investors LLC
—
Deed Of Trust
related
$800,000 · First American State Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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