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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Residential income homes
3595 King St Denver, CO 80236-6300
Entity Owned
4-yr Hold
Property ID
US13-0118807
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1983
Construction
FRAME
Total area
3,200 SF
Lot
0.28 ac (12,327 SF)
APN
2077-05-2-00-006
UPID
US13-0118807
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
$820k
Comparable Approach
Comparable
$822k
Blend (final)
Blend
$845k
Owner & transaction history
Ledrei LLC · 4 yrs held
Ledrei LLC
since 2022
Last sale
$885,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+28.9%
Neighborhood: shopping center
$1.0M
+4.4%
Commercial (general)
$1.0M
+4.1%
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
$825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$995,000
Current use
AUTO REPAIR, GARAGE
$1,280,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,035,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$1,030,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$970,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$820,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $885k (May 18 2022)
Last sale anchor
$885k
May 18 2022
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
$264 / 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
$4,430
Tax year 2023
Assessed value
$52,595
Assessed 2023
Previous assessed
$52,595
+0.0% YoY
Effective rate
8.42%
On assessed value
Land market value
$80,000
Improvement market value
$760,000
Total market value
$840,000
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,200 SF
Lot
0.28 ac (12,327 SF)
APN
2077-05-2-00-006
UPID
US13-0118807
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$970,000
OFFICE BUILDING
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Ledrei LLC
Entity
Mailing address
8626 W PRENTICE AVE, LITTLETON, CO 80123-2190
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Ledrei LLC
William Ledebuhr
Quit Claim Deed
related
—
Mar 1, 2022
$885,000
William Ledebuhr
Qed Properties LLC
Special Warranty Deed
$663,750 · Amnet Esop Corporation
Jan 14, 2019
$707,500
Qed Properties LLC
Outpost Investors LLC
Grant Deed
$530,625 · Firstbank
Jan 17, 2017
$623,000
Outpost Investors LLC
Molden Investments LLC
Warranty Deed
—
Nov 16, 2012
—
Diana M Molden
Molden,doug T
Quit Claim Deed
related
—
Feb 26, 2007
—
Investments Molden
Molden,douglas & Diana
Quit Claim Deed
related
—
Aug 17, 2006
$372,000
Douglas T Molden
Gray Investments LLC
Warranty Deed
$297,600 · Greenpoint Mortgage Funding
Jul 19, 2005
—
Gray Investments LLC
Gray,doris
Quit Claim Deed
related
—
May 25, 2005
—
Doris Gray
Gray Investments LLC
Quit Claim Deed
related
$256,000 · American Mortgage Network INC
Mar 16, 2004
$305,000
Gray Investments LLC
Clemons,dewey D & Sue E
Grant Deed
$250,000 · Dewey D & Sue E Clemons
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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