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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Retail space
316 Broadway, Denver, CO 80209-1512
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1010984
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Construction
WOOD
Total area
3,568 SF
Lot
0.14 ac (5,950 SF)
Zoning code
U-MS-5
APN
05151-08-002-000
UPID
US13-1010984
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
-
Billie Sr22 Insurance Denver Financial Advisor Insurance Agency
-
Broadway Book Mall (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$955k
Owner & transaction history
316 S Broadway LLC · 2 yrs held
316 S Broadway LLC
since 2024
Last sale
$955,000
2 recorded transactions
Zoning & alternative use
U-MS-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+24.5%
Neighborhood: shopping center
$1.2M
+0.9%
Commercial (general)
$1.2M
+0.6%
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
$955,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$700,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,145,000
Current use
AUTO REPAIR, GARAGE
$1,430,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,160,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,155,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,085,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $955k (May 16 2024)
Last sale anchor
$955k
May 16 2024
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
$268 / 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
$19,679
Tax year 2023
Assessed value
$253,970
Assessed 2023
Previous assessed
$253,970
+0.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$165,950
Assessed improvement
$88,020
Land market value
$624,800
Improvement market value
$315,500
Total market value
$940,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Construction
WOOD
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Units
5
Total area
3,568 SF
Lot
0.14 ac (5,950 SF)
Zoning code
U-MS-5
APN
05151-08-002-000
UPID
US13-1010984
Jurisdiction
DENVER
Zoning & alternative use
U-MS-5 · Denver, CO
Zoning U-MS-5 · permitted uses
U-MS-5 · 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
RETAIL STORES Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1915
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Lot
0.14 ac
Current owner
From public records · entity-resolved
316 S Broadway LLC
Entity
Mailing address
6675 E NEVADA PL, DENVER, CO 80224-1317
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
$955,000
316 S Broadway LLC
Shafner Family Holdings LLC
Special Warranty Deed
$499,000 · Midfirst Bank
Aug 18, 2022
—
Shafner Family Holdings LLC
Bonnee Shafner Oderberg
Personal Representative Deed
—
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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