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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Office buildings
3605 Tamarac Dr Denver, CO 80237-1411
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2787141
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
WOOD
Total area
6,710 SF
Lot
0.36 ac (15,660 SF)
Zoning code
B-1
APN
07042-00-032-000
UPID
US13-2787141
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
-
Farmers Insurance - Merlie Walters Meis Insurance Agency
-
Hail Restoration Experts Roofing Company General Contractor
-
Pivot Rock Solutions Corporate Office
-
Wei's Acupuncture Clinic Medical Clinic Alternative Medicine Practice
-
Zenith Painting & Coatings General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.55M
Owner & transaction history
Zpc Holdings LLC · 3 yrs held
Zpc Holdings LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
B-1 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+26.8%
Commercial (general)
$2.2M
+26.5%
Retail stores
$2.2M
+25.7%
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
$1,775,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,715,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,180,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,170,000
Change: +26% · Conversion: Easy
RETAIL STORES
$2,160,000
Change: +26% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,085,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$2,035,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.51M (Dec 15 2022)
Last sale anchor
$1.51M
Dec 15 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
$230 / 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
$16,374
Tax year 2023
Assessed value
$211,320
Assessed 2023
Previous assessed
$163,790
+29.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$100,860
Assessed improvement
$110,460
Land market value
$391,500
Improvement market value
$395,900
Total market value
$787,400
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
Off-Market
Year built
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,710 SF
Lot
0.36 ac (15,660 SF)
Zoning code
B-1
APN
07042-00-032-000
UPID
US13-2787141
Jurisdiction
DENVER
Zoning & alternative use
B-1 · Denver, CO
Zoning B-1 · permitted uses
B-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Zpc Holdings LLC
Entity
Mailing address
3605 S TAMARAC DR, DENVER, CO 80237-1411
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$1,512,500
Zpc Holdings LLC
East Warren Avenue LLC
Special Warranty Deed
$703,000 · Collegiate Peaks Bank
Nov 14, 2019
$1,065,333
East Warren Avenue LLC
Highland Properties 3719 LLC
Grant Deed
—
Jul 2, 2019
$900,000
Highland Properties 3719 LLC
Badger95 LLC
Grant Deed
—
Jul 2, 2019
—
Badger95 LLC
Schulze,jessica L & Eric P
Correction Deed
related
—
Sep 9, 2013
—
Badger95 LLC
Schulze,jessica L & Eric P
Quit Claim Deed
related
—
Aug 1, 2011
—
Jessica L Schulze
Three Six Zero Five LLC
Deed In Lieu Of Foreclosure
$450,000 · North Valley Bank
Jun 9, 2005
$575,000
Three Six Zero Five LLC
Cook,david L
Warranty Deed
—
—
—
Three Six Zero Five LLC
—
Deed Of Trust
related
$350,000 · North Valley Bank
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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