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Property profile & analytics
OFF-MARKET
Estimated value
$4,130,000
Garden apartment buildings
3481 Fenton St Denver, CO 80227-5512
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-0258057
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
20,032 SF
Lot
6.05 ac (263,412 SF)
Zoning code
R-2-A
APN
04365-00-041-000
UPID
US13-0258057
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
-
church Church
-
Beat Hog Production Company Music Venue Theater & Performing Art Venue
-
Carmel Co Inc Apartment Building
-
Spirited Images Photography Photography Service (Bike/Boat/Book/etc) Store
-
Liquiscapes General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.68M
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$4.13M
Owner & transaction history
Jpi-velo LLC · 7 yrs held
Jpi-velo LLC
since 2018
2 recorded transactions
Zoning & alternative use
R-2-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.5M
+4.4%
Commercial (general)
$6.5M
+4.1%
Retail stores
$6.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,070,000
6.5%
$4,680,000
7%
$4,345,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,500,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,485,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$6,440,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$6,085,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$5,125,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$4.13M
Range $3.72M – $4.54M · ±10%
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
$206 / 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
$194,086
Tax year 2023
Assessed value
$2,504,790
Assessed 2023
Previous assessed
$1,788,020
+40.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$128,140
Assessed improvement
$2,376,650
Land market value
$1,967,600
Improvement market value
$35,472,400
Total market value
$37,440,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
3
Units
144
Rooms
10
Bathrooms
1
Total area
20,032 SF
Lot
6.05 ac (263,412 SF)
Zoning code
R-2-A
APN
04365-00-041-000
UPID
US13-0258057
Jurisdiction
DENVER
Zoning & alternative use
R-2-A · Denver, CO
Zoning R-2-A · permitted uses
R-2-A · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.5M
RETAIL STORES
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.1M
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
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Units
144
Rooms
10
Bathrooms
1
Lot
6.05 ac
Current owner
From public records · entity-resolved
Jpi-velo LLC
Entity
Free & Clear · 7 yrs held
Mailing address
12121 WILSHIRE BLVD STE #700, LOS ANGELES, CA 90025-1168
Ownership since
2018
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
Dec 6, 2018
$46,650,000
Jpi-velo LLC
Fpa5 Hunters Ridge LLC
Warranty Deed
—
Mar 14, 2016
$33,950,000
Fpa5 Hunters Ridge LLC
Hr LLC
Special Warranty Deed
$26,100,000 · Berkadia Commercial Mortgage 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.
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