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Property profile & analytics
OFF-MARKET Estimated value $3,340,000
Medical Office Space

311 Steele St Denver, CO 80206-4414

15,418 SF 0.43 ac lot Built 1980
Individually Owned 10-yr Hold Free & Clear
Property ID
US13-0819031
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Construction STEEL FRAME
Total area 15,418 SF
Lot 0.43 ac (18,750 SF)
Zoning code C-CCN-4
APN 05122-16-027-000
UPID US13-0819031
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
  • UCHealth Primary Care - Steele Street Medical Clinic
  • UCHealth - Christopher Gerber DO Physician
  • UCHealth - Sara Corr MD Physician
  • UCHealth - Jennifer E Bajaj MD Medical Clinic Physician
  • UCHealth - Raymond La MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.14M
Comparable Approach Comparable
$3.42M
Blend (final) Blend
$3.34M
Owner & transaction history
University Of Colorado Health · 10 yrs held
University Of Colorado Health
since 2016
1 recorded transaction
2016
$8.4M
Zoning & alternative use
C-CCN-4 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-CCN-4 C-CCN-5 C-CCN-7 C-CCN-8 C-CCN-12 Cherry Creek North 3 Cherry Creek North 4 Cherry Creek North 5 Cherry Creek North 7 Cherry Creek North 8 Cherry Creek North 12 SE CTION 7.2.2 MIXED USE DISTRICTS (C-MX-3, -5, -8, -12, -16, -20) 7.2.2.1 General Purpose A. The Mixed Use zone districts are intended to promote safe, active, and pedestrian-scaled, diverse…

Zone name Urban Center Neighborhood Context Cherry Creek North 4
General category MIXED_USE
Zone area 11.86 ac
Source Denver Zoning Code
Top alternative use upside
Apartment house (5+ units) $5.4M +15.0%
Neighborhood: shopping center $5.0M +6.9%
Commercial (general) $5.0M +6.6%
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