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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Medical Office Space
3800 Irving St Denver, CO 80211-1935
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-0232681
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
WOOD
Total area
11,591 SF
Lot
0.29 ac (12,500 SF)
Zoning code
U-MS-3
APN
02203-32-025-000
UPID
US13-0232681
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
-
KI Healthcare Consult Consultant
-
ANDREW JAMES BARD Physician
-
Meaghann Bernardy Pediatrician Physician
-
Cory Parks Physician
-
KEVIN T RALLS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$2.11M
Owner & transaction history
Kerman Investments LLC · 10 yrs held
Kerman Investments LLC
since 2016
7 recorded transactions
Zoning & alternative use
U-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,560,000
6.5%
$2,360,000
7%
$2,195,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,965,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$182 / 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
$68,963
Tax year 2023
Assessed value
$890,010
Assessed 2023
Previous assessed
$838,510
+6.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$340,380
Assessed improvement
$549,630
Land market value
$1,250,000
Improvement market value
$1,970,000
Total market value
$3,220,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Units
3
Total area
11,591 SF
Lot
0.29 ac (12,500 SF)
Zoning code
U-MS-3
APN
02203-32-025-000
UPID
US13-0232681
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
OFFICE BUILDING
Est. value
$3.0M
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
1993
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Kerman Investments LLC
Entity
Mailing address
3800 IRVING ST, DENVER, CO 80211-1935
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2016
$1,675,000
Kerman Investments LLC
Something Awesome LLC
Special Warranty Deed
$2,100,000 · Academy Bank NA
May 4, 2012
—
Jdb LLC
—
Deed Of Trust
related
$1,400,000 · Standard Insurance Co
Jun 26, 2009
$625,000
Jdb LLC
Lehrers Flowers INC
Grant Deed
—
—
—
Byerly Investment Corp
—
Deed Of Trust
related
$245,000 · Wells Fargo Bank West NA
—
—
Byerly Investment Corp
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank
—
—
Jdb LLC
—
Deed Of Trust
related
$300,000 · Randall Realty Investments
—
—
Byerly Investment Corp
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
—
—
Something Awesome LLC
—
Deed Of Trust
related
$456,000 · Colorado Lending Source Ltd
—
—
Something Awesome LLC
—
Deed Of Trust
related
$550,000 · Mountain View Bank Commerge
—
—
Something Awesome LLC
—
Deed Of Trust
related
$456,000 · Colorado Lending Source Ltd
—
—
Byerly Investment Corp
—
Deed Of Trust
related
$17,897 · Faith A Byerly
—
—
Jdb LLC
—
Deed Of Trust
related
$1,400,000 · Standard Insurance Co
—
—
Jdb LLC
—
Deed Of Trust
related
$940,000 · Steele Street State Bank
—
—
Jdb LLC
—
Deed Of Trust
related
$500,000 · Steele Street State 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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