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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Garden apartment buildings
3840 2nd Ave Denver, CO 80206-5529
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0890491
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1951
Construction
WOOD
Total area
2,278 SF
Lot
0.14 ac (6,250 SF)
Zoning code
G-RH-3
APN
05121-31-019-000
UPID
US13-0890491
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
$530k
Comparable Approach
Comparable
$372k
Blend (final)
Blend
$550k
Owner & transaction history
Catherine A Beck · 9 yrs held
Catherine A Beck
since 2016
7 recorded transactions
Zoning & alternative use
G-RH-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+14.7%
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%
$575,000
6.5%
$530,000
7%
$495,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$795,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$735,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$690,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$241 / 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
$8,255
Tax year 2023
Assessed value
$106,540
Assessed 2023
Previous assessed
$60,510
+76.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$71,650
Assessed improvement
$34,890
Land market value
$1,124,400
Improvement market value
$520,800
Total market value
$1,645,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1951
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
2
Rooms
9
Bathrooms
1
Total area
2,278 SF
Lot
0.14 ac (6,250 SF)
Zoning code
G-RH-3
APN
05121-31-019-000
UPID
US13-0890491
Jurisdiction
DENVER
Zoning & alternative use
G-RH-3 · Denver, CO
Zoning G-RH-3 · permitted uses
G-RH-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
$795,000
AUTO REPAIR, GARAGE
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$735,000
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS) Current
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
1951
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
2
Rooms
9
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Catherine A Beck
Individual
Mailing address
3840 E 2ND AVE, DENVER, CO 80206-5529
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2016
—
Catherine A Beck
Warren Elbeck
Quit Claim Deed
related
$533,850 · M & T Bank
Mar 1, 2016
$624,000
Catherine A Beck
Dyvig Family Trust
Warranty Deed
$597,679 · Universal Lending
Sep 8, 2014
—
Dyvig Family Trust
Waggy John R & June C Trust
Quit Claim Deed
related
—
Jun 6, 2013
—
Dyvig,anne F Trust
Waggy John R & June C Trust
Grant Deed
related
—
Jan 17, 2012
—
Waggy John R & June C Trust
Yaqoob,mian J
Grant Deed
—
Jul 13, 2004
$550,000
Mian J Yaqoob
Waggy John R & June C Trust
Warranty Deed
$540,000 · Waggy John R & June C Tr (tr)
—
—
Mian J Yaqoob
—
Deed Of Trust
related
$540,000 · Waggy John R & June C Tr (tr)
—
—
Catherine A Beck
—
Deed Of Trust
related
$92,500 · Vectra Bk/co
—
—
Mian J Yaqoob
—
Deed Of Trust
related
$514,491 · Waggy John R & June C Tr (pt)
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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