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Property profile & analytics
OFF-MARKET
Estimated value
$12,015,000
Office buildings
305 Park W Ave Denver, CO 80205-3253
Individually Owned
6-yr Hold
Property ID
US13-1158115
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
100,416 SF
Lot
1.54 ac (67,202 SF)
Zoning code
R-MU-30
APN
02341-31-002-000
UPID
US13-1158115
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
-
Denver Preschool Program High School
-
Emergency Dentistry Dental Office
-
Benedict Park Place Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.02M
Owner & transaction history
Heath R March · 6 yrs held
Heath R March
since 2020
6 recorded transactions
Zoning & alternative use
R-MU-30 · 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
$120 / 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
Assessed value
$2,759,640
Assessed 2023
Previous assessed
$1,864,300
+48.0% YoY
Assessed land
$469,830
Assessed improvement
$2,289,810
Land market value
$6,384,200
Improvement market value
$30,386,100
Total market value
$36,770,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
91
Rooms
16
Bathrooms
3
Total area
100,416 SF
Lot
1.54 ac (67,202 SF)
Zoning code
R-MU-30
APN
02341-31-002-000
UPID
US13-1158115
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.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
91
Rooms
16
Bathrooms
3
Lot
1.54 ac
Current owner
From public records · entity-resolved
Heath R March
Individual
Mailing address
PO BOX 40305, DENVER, CO 80204-0305
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 13, 2026
—
Park Avenue Redevelopment Block 3b
—
Deed
related
$4,185,000 · Anb Bank
Feb 7, 2020
$262,000
Heath R March
Urban Living Townhomes LLC
Grant Deed
$148,000 · Westerra Cu
Feb 4, 2020
—
Tremont 24 LLC
—
Deed
related
$9,500,000 · Diventures LLC
Mar 3, 2011
—
Park Avenue Redev Block 3b Lll
—
Deed Of Trust
related
$4,559,000 · Citibank NA
Mar 27, 2007
—
Housing Authority
Owner,record
Grant Deed
related
—
—
—
Tremont 24 LLC
—
Deed Of Trust
related
$9,500,000 · Diventures LLC
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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