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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Turn key restaurants
3560 Chestnut Pl Denver, CO 80216-3628
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1000387
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
WOOD
Total area
13,828 SF
Lot
0.72 ac (31,221 SF)
Zoning code
I-MX-8
APN
02271-11-025-000
UPID
US13-1000387
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
-
Number Thirty Eight Restaurant
-
Split Lip an eat place Restaurant
-
Affordable Car Corporate Office
-
Delganey Shop LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
No 38 Property LLC · 7 yrs held
No 38 Property LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-MX-8 · 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
$80 / 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
$153,282
Tax year 2023
Assessed value
$1,793,070
Assessed 2023
Previous assessed
$1,584,760
+13.1% YoY
Effective rate
8.55%
On assessed value
Assessed land
$1,744,640
Assessed improvement
$48,430
Land market value
$6,283,200
Improvement market value
$173,600
Total market value
$6,456,800
Applied tax rate
474.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
1
Total area
13,828 SF
Lot
0.72 ac (31,221 SF)
Zoning code
I-MX-8
APN
02271-11-025-000
UPID
US13-1000387
Jurisdiction
DENVER
Zoning & alternative use
I-MX-8 · Denver, CO
Zoning I-MX-8 · permitted uses
I-MX-8 · 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
1970
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
No 38 Property LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5449 S JASMINE ST, GREENWOOD VILLAGE, CO 80111-1418
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2019
—
No 38 Property LLC
Chestnut Island LLC
Quit Claim Deed
related
—
Jul 10, 2018
$6,855,659
No 38 Property LLC
Delgany Shop Limited Liablity Co
Special Warranty Deed
$5,457,895 · Collegiate Peaks Bank
Jul 28, 2016
$2,500,000
Delganey Shop LLC
Ironton LLC
Grant Deed
—
—
—
No 38 Property LLC
—
Loan Modification
related
—
—
—
No 38 Property LLC
—
Loan Modification
related
—
—
—
No 38 Property LLC
—
Loan Modification
related
$169,900 · Collegiate Peaks Bk
—
—
No 38 Property LLC
—
Deed Of Trust
related
$4,270,000 · Colorado Lndg Source
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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