Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,665,000
High-rise multifamily apartments
3785 Yates St Denver, CO 80212-2090
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0603070
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
WOOD
Total area
22,128 SF
Lot
0.36 ac (15,620 SF)
Zoning code
U-MS-3
APN
02302-03-034-000
UPID
US13-0603070
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
-
Highland Junction Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.15M
Blend (final)
Blend
$10.67M
Owner & transaction history
3785 N Yates LLC · 2 yrs held
3785 N Yates LLC
since 2023
Last sale
$12.5M
2 recorded transactions
Zoning & alternative use
U-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.1M
+12.3%
Auto repair, garage
$8.9M
+10.0%
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
$10,435,000
ML approach
$7,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,060,000
Current use
RESTAURANT
$9,050,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,865,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,180,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,160,000
Change: -11% · Conversion: Moderate
RETAIL STORES
$7,115,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$6,720,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$10.67M
Range $9.60M – $11.73M · ±10% · vs last sale $12.50M (Aug 16 2023)
Last sale anchor
$12.50M
Aug 16 2023
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
$482 / 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
$70,195
Tax year 2023
Assessed value
$905,900
Assessed 2023
Previous assessed
$681,830
+32.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$74,810
Assessed improvement
$831,090
Land market value
$1,171,500
Improvement market value
$12,404,400
Total market value
$13,575,900
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
2018
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
39
Rooms
117
Total area
22,128 SF
Lot
0.36 ac (15,620 SF)
Zoning code
U-MS-3
APN
02302-03-034-000
UPID
US13-0603070
Jurisdiction
DENVER
Zoning & alternative use
U-MS-3 · Denver, CO
Zoning U-MS-3 · permitted uses
U-MS-3 · 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
$8.1M
RESTAURANT
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2018
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
39
Rooms
117
Lot
0.36 ac
Current owner
From public records · entity-resolved
3785 N Yates LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3605 LONG BCH BLVD STE #428, LONG BEACH, CA 90807-6020
Ownership since
2023
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
Aug 16, 2023
$12,500,000
3785 N Yates LLC
5000 W 38th LLC
Special Warranty Deed
—
Jan 3, 2020
—
5000 W 38th LLC
—
Grant Deed
related
$7,300,000 · Hunt Mtg Ptrs LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3785 Yates St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
