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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
High-rise multifamily apartments
3500 Rockmont Dr Denver, CO 80202-1070
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-1404270
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2013
Construction
WOOD
Total area
620,299 SF
Lot
11.75 ac (511,827 SF)
Zoning code
C-RX-12
APN
02281-00-065-000
UPID
US13-1404270
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
-
City of Cuernavaca Park Park Tourist Attraction
-
Nadar Drone Aerial Photography & Inspection Denver Building Inspector Aerial Photographer
-
Denver Digerati Charitable Organization Social Service Agency
-
Margio Creative Advertising Agency Marketing & Advertising
-
Rigs & Roses Florist Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Iret Properties · 7 yrs held
Iret Properties
since 2019
2 recorded transactions
Zoning & alternative use
C-RX-12 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3 / 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
$976,839
Tax year 2023
Assessed value
$12,606,650
Assessed 2023
Previous assessed
$9,600,240
+31.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$3,854,210
Assessed improvement
$8,752,440
Land market value
$57,580,500
Improvement market value
$130,633,500
Total market value
$188,214,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
17
Stories
4
Units
390
Rooms
2510
Bathrooms
21
Total area
620,299 SF
Lot
11.75 ac (511,827 SF)
Zoning code
C-RX-12
APN
02281-00-065-000
UPID
US13-1404270
Jurisdiction
DENVER
Zoning & alternative use
C-RX-12 · Denver, CO
Zoning C-RX-12 · permitted uses
C-RX-12 · 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.
Building & site characteristics
From public records
Year built
2013
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
4
Buildings
17
Units
390
Rooms
2510
Bathrooms
21
Lot
11.75 ac
Current owner
From public records · entity-resolved
Iret Properties
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 4697, LOGAN, UT 84323-4697
Ownership since
2019
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
Apr 2, 2019
—
Iret Properties
Iret-missoula 3050 Cbr LLC
Quit Claim Deed
related
—
—
—
Cp IV Platte Valley Apartments
—
Deed Of Trust
related
$81,000,000 · Cbre Multifamily Cap
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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