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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Warehouses
3838 Perry St Denver, CO 80212
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0027458
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
WOOD
Total area
3,793 SF
Lot
0.22 ac (9,511 SF)
Zoning code
PUD
APN
02194-24-005-000
UPID
US13-0027458
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
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$1.13M
Owner & transaction history
Perry S Developers LP · 2 yrs held
Perry S Developers LP
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+149.4%
Neighborhood: shopping center
$1.2M
+102.1%
Commercial (general)
$1.2M
+101.5%
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
$1,125,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,520,000
Change: +149% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,230,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,230,000
Change: +102% · Conversion: Difficult
RETAIL STORES
$1,220,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$1,150,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.12M (Jan 30 2024)
Last sale anchor
$1.12M
Jan 30 2024
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
$297 / 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
$18,917
Tax year 2023
Assessed value
$244,130
Assessed 2023
Previous assessed
$244,130
+0.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$243,710
Assessed improvement
$420
Land market value
$903,500
Improvement market value
$1,500
Total market value
$905,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
YES
Stories
2
Units
4
Rooms
5
Total area
3,793 SF
Lot
0.22 ac (9,511 SF)
Zoning code
PUD
APN
02194-24-005-000
UPID
US13-0027458
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$970,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1994
Construction
WOOD
Heating
YES
Stories
2
Units
4
Rooms
5
Lot
0.22 ac
Current owner
From public records · entity-resolved
Perry S Developers LP
Entity
Mailing address
3838 PERRY ST, DENVER, CO 80212
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2024
$1,124,763
Perry S Developers LP
Redt Capital Partners LLC
Warranty Deed
$4,445,000 · Pfg Fund II LLC
Dec 7, 2023
$770,749
Vbm LLC
Redt Capital Partners LLC
Warranty Deed
$1,837,000 · Pfg Fund V LLC
Dec 1, 2023
$1,204,353
383 Perry Development 6 LLC
Redt Capital Partners LLC
Warranty Deed
$3,560,000 · Pfg Fund V LLC
Nov 22, 2023
$756,986
Pretty Casa LLC
Redt Capital Partners LLC
Warranty Deed
$1,677,000 · Pfg Fund V LLC
Nov 22, 2023
$844,947
Bigfoot Equity LLC
Redt Capital Partners LLC
Warranty Deed
$2,261,000 · Pfg Fund IV LLC
Oct 12, 2022
$3,447,600
Redt Capital Partners LLC
Lampert Business Properties LLC
Warranty Deed
$3,630,000 · Pfg Fund V LLC
Jan 22, 2008
—
Business Properties Lampert
Lampert,john G
Quit Claim Deed
related
—
Oct 7, 2007
$232,500
Jason Hart
Lampert,thomas L
Warranty Deed
$207,000 · Thomas L Lampert
Feb 23, 1998
—
Mary Lou Vecchiarelli
Lampert,joseph E
Grant Deed
related
—
—
—
Mary L Vecchiarelli
—
Deed Of Trust
related
$350,000 · Colorado Business Bank NA
—
—
Lampert Busn Prop LLC
—
Deed Of Trust
related
$1,100,000 · Bok Fin'l
—
—
Lampert Business Properties
—
Loan Modification
related
$750,000 · Colorado Busn Bk
—
—
Lampert Business Properties
—
Loan Modification
related
$1,000,000 · Colorado Busn 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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