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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Residential income homes
3848 Lowell Blvd Denver, CO 80236-3196
Individually Owned
6-yr Hold
Property ID
US13-0818006
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1974
Construction
FRAME
Total area
1,678 SF
Lot
0.15 ac (6,534 SF)
APN
2077-05-2-21-015
UPID
US13-0818006
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
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$755k
Owner & transaction history
Jonathan Alfonseca Saenz · 6 yrs held
Jonathan Alfonseca Saenz
since 2020
Last sale
$753,600
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$670,000
+28.9%
Neighborhood: shopping center
$545,000
+4.4%
Commercial (general)
$545,000
+4.1%
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
$795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$520,000
Current use
AUTO REPAIR, GARAGE
$670,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$540,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $754k (Mar 2 2020)
Last sale anchor
$754k
Mar 2 2020
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
$450 / 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
$4,205
Tax year 2023
Assessed value
$49,915
Assessed 2023
Previous assessed
$49,915
+0.0% YoY
Effective rate
8.42%
On assessed value
Land market value
$80,000
Improvement market value
$720,000
Total market value
$800,000
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Units
4
Bathrooms
4
Total area
1,678 SF
Lot
0.15 ac (6,534 SF)
APN
2077-05-2-21-015
UPID
US13-0818006
Jurisdiction
ARAPAHOE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$545,000
RETAIL STORES
Est. value
$540,000
MEDICAL BUILDING
Est. value
$510,000
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
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Jonathan Alfonseca Saenz
Individual
Mailing address
1500 W THOMAS AVE, ENGLEWOOD, CO 80110-5578
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
$755,000
Jonathan Alfonseca Saenz
Mark A Smith
Special Warranty Deed
$604,000 · Crosscountry Mortgage LLC
Oct 26, 2017
$650,000
Mark A Smith
Emily Dranginis
Warranty Deed
$487,500 · Castle & Cooke Mortgage LLC
Dec 30, 2016
$545,000
Emily Dranginis
Cjm Investments LLC
Warranty Deed
$408,500 · Bank Of England
Aug 2, 2016
$375,000
Cjm Investments LLC
3 G S LLC
Warranty Deed
$308,250 · Berkley Bank
Aug 28, 2009
—
3 Gs LLC
Gist,marc D
Grant Deed
$110,000 · Juanita Hilgen
Jan 14, 2009
—
Marc D Gist
Gist,ronald C
Quit Claim Deed
related
—
—
—
Ronald C Gist
—
Deed Of Trust
related
$25,000 · Denver Public School Emp FCU
—
—
Emily Dranginis
—
Deed Of Trust
related
$408,500 · Bank Of England
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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