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Property profile & analytics
OFF-MARKET
Estimated value
$7,395,000
Garden apartment buildings
3535 Kendall St Denver, CO 80235-2644
Entity Owned
Absentee Owner
Free & Clear
Property ID
US13-0764311
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
31,377 SF
Lot
1.58 ac (68,755 SF)
Zoning code
R-2
APN
09012-02-016-000
UPID
US13-0764311
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
$7.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.40M
Owner & transaction history
CAVALIER CLUB
CAVALIER CLUB
Zoning & alternative use
R-2 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family residential uses
Zone name
Residential District
General category
RESIDENTIAL
Zone area
1,334.43 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$10.2M
+4.4%
Commercial (general)
$10.2M
+4.1%
Retail stores
$10.1M
+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%
$7,940,000
6.5%
$7,330,000
7%
$6,805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,755,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,185,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,155,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$10,090,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$9,530,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$8,030,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$7.40M
Range $6.66M – $8.13M · ±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
$236 / 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
$67,530
Tax year 2023
Assessed value
$871,510
Assessed 2023
Previous assessed
$555,200
+57.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$36,530
Assessed improvement
$834,980
Land market value
$600,200
Improvement market value
$12,462,400
Total market value
$13,062,600
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
1977
Construction
WOOD
Heating
HOT WATER
Buildings
2
Stories
2
Units
54
Rooms
15
Bathrooms
1
Total area
31,377 SF
Lot
1.58 ac (68,755 SF)
Zoning code
R-2
APN
09012-02-016-000
UPID
US13-0764311
Jurisdiction
DENVER
Zoning & alternative use
R-2 · Denver, COZoning R-2 · permitted uses
R-2 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes multi family residential uses
Zone name
Residential District
General category
RESIDENTIAL
Zone area
1,334.43 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$10.2M
RETAIL STORES
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.0M
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
1977
Construction
WOOD
Heating
HOT WATER
Stories
2
Buildings
2
Units
54
Rooms
15
Bathrooms
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
CAVALIER CLUB
Individual
Free & Clear · 0 yrs held
Mailing address
5353 W DARTMOUTH AVE STE #508, DENVER, CO 80227-5517
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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