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Property profile & analytics
OFF-MARKET
Estimated value
$9,045,000
High-rise multifamily apartments
3701 Marion St Denver, CO 80205-4283
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1166456
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
WOOD
Total area
40,108 SF
Lot
0.28 ac (12,021 SF)
Zoning code
CMX
APN
02271-29-063-000
UPID
US13-1166456
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
-
The Collective RiNo Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.05M
Owner & transaction history
3709 Marion LLC · 5 yrs held
3709 Marion LLC
since 2021
2 recorded transactions
Zoning & alternative use
CMX · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.0M
+6.5%
Commercial (general)
$13.0M
+6.2%
Retail stores
$12.9M
+5.5%
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%
$10,150,000
6.5%
$9,370,000
7%
$8,700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,015,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,980,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$12,900,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$12,245,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$9.05M
Range $8.14M – $9.95M · ±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
$226 / 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
$86,932
Tax year 2023
Assessed value
$1,121,910
Assessed 2023
Previous assessed
$973,980
+15.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$149,340
Assessed improvement
$972,570
Land market value
$2,284,000
Improvement market value
$14,516,000
Total market value
$16,800,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
5
Units
48
Rooms
160
Total area
40,108 SF
Lot
0.28 ac (12,021 SF)
Zoning code
CMX
APN
02271-29-063-000
UPID
US13-1166456
Jurisdiction
DENVER
Zoning & alternative use
CMX · Denver, CO
Zoning CMX · permitted uses
CMX · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$13.0M
RETAIL STORES
Est. value
$12.9M
OFFICE BUILDING
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2019
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
5
Units
48
Rooms
160
Lot
0.28 ac
Current owner
From public records · entity-resolved
3709 Marion LLC
Entity
Mailing address
825 N LOGAN ST, DENVER, CO 80203-3114
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
3701 Marion LLC
—
Deed
related
$10,039,000 · Key Bank NA
Jan 6, 2021
$630,000
3709 Marion LLC
3701 Marion LLC
Grant Deed
$504,000 · Jp Morgan Chase Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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