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Property profile & analytics
OFF-MARKET
Estimated value
$98,060,000
Parking lots & garages
370 Vance St 2G, Denver, CO 80226
Entity Owned
Free & Clear
Property ID
US13-0699733
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2004
Construction
STEEL FRAME
Total area
265,008 SF
Lot
1.36 ac (59,147 SF)
APN
49-141-06-013
UPID
US13-0699733
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
by Request
Comparable Approach
Comparable
$112.27M
Blend (final)
Blend
$98.06M
Owner & transaction history
PLAZA METROPOLITAN DISTRICT NO 1
PLAZA METROPOLITAN DISTRICT NO 1
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$108.4M
+40.9%
Auto repair, garage
$106.1M
+38.0%
Neighborhood: shopping center
$86.0M
+11.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$76,935,000
Current use
RESTAURANT
$108,380,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$106,145,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$86,010,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$85,225,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$82,380,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$80,470,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$98.06M
Range $88.25M – $107.87M · ±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
$370 / 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
$4,394,589
Assessed 2023
Previous assessed
$4,394,589
+0.0% YoY
Assessed improvement
$4,394,589
Improvement market value
$15,751,214
Total market value
$15,751,214
Applied tax rate
7,095.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Total area
265,008 SF
Lot
1.36 ac (59,147 SF)
APN
49-141-06-013
UPID
US13-0699733
Jurisdiction
JEFFERSON
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
PARKING LOT Current
Est. value
$76.9M
RESTAURANT
Est. value
$108.4M
AUTO REPAIR, GARAGE
Est. value
$106.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$86.0M
RETAIL STORES
Est. value
$85.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$82.4M
MEDICAL BUILDING
Est. value
$80.5M
PARKING LOT Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
STEEL FRAME
Heating
NONE
Lot
1.36 ac
Current owner
From public records · entity-resolved
PLAZA METROPOLITAN DISTRICT NO 1
Individual
Free & Clear · 0 yrs held
Mailing address
2154 E CMNS AVE STE #2000, CENTENNIAL, CO 80122-1880
Mailing matches property
Yes
Owner-occupied
Yes
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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