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Property profile & analytics
OFF-MARKET
Estimated value
$33,565,000
Office buildings
3200 Cherry Crk S Dr Denver, CO 80209-3244
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0528815
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
CONCRETE
Total area
136,519 SF
Lot
1.58 ac (68,640 SF)
Zoning code
S-MX-8
APN
05124-18-004-000
UPID
US13-0528815
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
$32.83M
Comparable Approach
Comparable
$34.09M
Blend (final)
Blend
$33.57M
Owner & transaction history
Cacp Citadel LLC · 6 yrs held
Cacp Citadel LLC
since 2020
Last sale
$33.0M
7 recorded transactions
Zoning & alternative use
S-MX-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$55.8M
+59.8%
Apartment house (5+ units)
$55.2M
+58.1%
Auto repair, garage
$54.7M
+56.5%
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
$34,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,560,000
6.5%
$32,825,000
7%
$30,480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$34,935,000
Current use
RESTAURANT
$55,830,000
Change: +60% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$55,230,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$54,680,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$44,310,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$44,185,000
Change: +26% · Conversion: Easy
RETAIL STORES
$43,905,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$41,455,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$33.57M
Range $30.21M – $36.92M · ±10% · vs last sale $33.00M (May 6 2020)
Last sale anchor
$33.00M
May 6 2020
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
$246 / 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
$803,429
Tax year 2023
Assessed value
$10,368,700
Assessed 2023
Previous assessed
$9,459,020
+9.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,140,660
Assessed improvement
$9,228,040
Land market value
$4,118,400
Improvement market value
$33,075,400
Total market value
$37,193,800
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 (MULTI-STORY)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
7
Units
7
Total area
136,519 SF
Lot
1.58 ac (68,640 SF)
Zoning code
S-MX-8
APN
05124-18-004-000
UPID
US13-0528815
Jurisdiction
DENVER
Zoning & alternative use
S-MX-8 · Denver, CO
Zoning S-MX-8 · permitted uses
S-MX-8 · 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
OFFICE BUILDING Current
Est. value
$34.9M
RESTAURANT
Est. value
$55.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$55.2M
AUTO REPAIR, GARAGE
Est. value
$54.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$44.3M
COMMERCIAL (GENERAL)
Est. value
$44.2M
RETAIL STORES
Est. value
$43.9M
MEDICAL BUILDING
Est. value
$41.5M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1987
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
7
Units
7
Lot
1.58 ac
Current owner
From public records · entity-resolved
Cacp Citadel LLC
Entity
Mailing address
222 N PACIFIC COAST HWY23FL, EL SEGUNDO, CA 90245-5648
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2020
$33,000,000
Cacp Citadel LLC
Amstar Citadel LLC
Special Warranty Deed
$3,000,000 · Hanmi Bank
Jun 15, 2017
$37,025,000
Amstar-citadel LLC
Citadel LLC
Grant Deed
—
Jun 30, 2008
—
Tr Citadel LLC
Ms Crescent One Spv LLC
Grant Deed
$19,535,000 · Massachusetts Mutual Life Ins
Aug 15, 2007
$32,900,000
Ms Crescent One Spv LLC
Crescent R/e Funding One
Grant Deed
related
—
May 5, 2005
—
R E Funding One Crescent
Crescent R/e Equities
Quit Claim Deed
related
$110,000,000 · German American Capital Corp
Feb 9, 2005
—
Crescent R/e Equities
Crescent R/e Funding I
Quit Claim Deed
related
—
—
—
Tr Citadel LLC
—
Deed Of Trust
related
$16,000,000 · Principal Life Insurance Co
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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