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Property profile & analytics
FOR SALE
Office buildings
3515 S Delaware St, Englewood, CO 80110
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0190787
For Sale
1 / 24
$1,849,000
3515 S Delaware St, Englewood, CO 80110
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Property summary
AI-generated overview
This exceptional 9,696 square foot office building at 3515 S Delaware Street, Englewood, CO, presents a compelling investment opportunity. Currently configured as a medical/dental office with additional basement space, this property boasts versatile Mixed-Use General Arterial Business Zone District (MU-B-2) zoning, allowing for a wide array of uses. Built in 1961, the building is well-maintained and includes 26 on-site parking spaces. Its prime location offers convenient access, reflected in its Walk Score of 87 and Transit Score of 53. The current tenant, STRIDE Community Health Center, is interested in a sale-leaseback agreement, ensuring a stable income stream for the new owner. Priced competitively within the Southwest Denver submarket, this property benefits from low vacancy rates and high demand from sectors including defense, engineering, and healthcare. This presents a unique chance to acquire a well-positioned asset with significant growth potential. The property's versatility, combined with its strong location and the potential for a sale-leaseback arrangement, makes it an attractive investment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
CONCRETE BLOCKS
Total area
4,848 SF
Lot
0.47 ac (20,473 SF)
APN
2077-03-2-04-015
UPID
US13-0190787
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
-
Englewood Health Center Medical Clinic
-
Metro Community Provider Network Medical Clinic
-
Coscio Catherine Registered General Nurse
-
Dr. Kristin Orlowski Physician Medical Clinic
-
Dr. Tracy Hofeditz Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.16M
Owner & transaction history
Metro Community Provider Netwo · 24 yrs held
Metro Community Provider Netwo
since 2002
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+49.5%
Medical building
$1.5M
+33.2%
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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,125,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,680,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$1,495,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$1,025,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$239 / 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
Assessed value
$256,993
Assessed 2023
Previous assessed
$267,125
-3.8% YoY
Land market value
$304,695
Improvement market value
$616,425
Total market value
$921,120
Applied tax rate
10.0000
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
Status
For Sale
Year built
1961
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Bathrooms
4
Total area
4,848 SF
Lot
0.47 ac (20,473 SF)
APN
2077-03-2-04-015
UPID
US13-0190787
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
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1961
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
Metro Community Provider Netwo
Individual
Mailing address
3701 S BROADWAY, ENGLEWOOD, CO 80113-3611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2002
$755,000
Metro Community Provider Netwo
Gdj Systems LLC
Grant Deed
$641,750 · Us Bank NA
Apr 1, 1999
$475,000
Gdj Systems LLC
Good News Bible Church INC
Grant Deed
$517,500 · Bank One Colorado
—
—
Gdj Systems LLC
—
Deed Of Trust
related
$237,000 · Front Range Regional Economic
—
—
Metro Cmnty Provider Ntwk INC
—
Deed Of Trust
related
$8,450,000 · Colorado State Bank & Trust NA
—
—
Gdj Systems LLC
—
Deed Of Trust
related
$504,242 · Bank One NA
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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