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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Residential income homes
3401 Milan Ave Denver, CO 80236-6131
Individually Owned
4-yr Hold
Property ID
US13-0710045
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1982
Construction
FRAME
Total area
5,442 SF
Lot
0.28 ac (11,979 SF)
APN
2077-05-2-30-003
UPID
US13-0710045
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
$1.39M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.26M
Owner & transaction history
Scott Rosengrants · 4 yrs held
Scott Rosengrants
since 2022
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+4.4%
Commercial (general)
$1.8M
+4.1%
Retail stores
$1.8M
+3.5%
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
$1,180,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,765,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,760,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$1,750,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,650,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$1,395,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.27M (Apr 4 2022)
Last sale anchor
$1.27M
Apr 4 2022
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
$232 / 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
$6,011
Tax year 2023
Assessed value
$71,355
Assessed 2023
Previous assessed
$71,355
+0.0% YoY
Effective rate
8.42%
On assessed value
Land market value
$80,000
Improvement market value
$1,040,000
Total market value
$1,120,000
Applied tax rate
71.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
8
Total area
5,442 SF
Lot
0.28 ac (11,979 SF)
APN
2077-05-2-30-003
UPID
US13-0710045
Jurisdiction
ARAPAHOE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
8
Lot
0.28 ac
Current owner
From public records · entity-resolved
Scott Rosengrants
Individual
Mailing address
3401 W MILAN AVE, DENVER, CO 80236-6131
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2022
$1,266,350
Scott Rosengrants
Hrcs Denver LLC
Warranty Deed
$1,013,080 · Draper & Kramer Mortgage Corp
Dec 3, 2020
$975,000
Hrcs-denver LLC
Barrett Laura L Trust
Warranty Deed
—
Jan 26, 2017
—
Barrett,laura L Trust
Barrett,laura L
Quit Claim Deed
related
—
—
—
Thomas J Barrett
—
Deed Of Trust
related
$106,500 · Rbc Mortgage 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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