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Property profile & analytics
OFF-MARKET
Estimated value
$9,420,000
Warehouses
3879 Adams St Denver, CO 80205-3733
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1089908
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
40,180 SF
Lot
0.57 ac (25,000 SF)
Zoning code
I-MX-3
APN
02244-35-039-000
UPID
US13-1089908
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
-
Extra Space Storage Storage Facility
-
Chopper Tree Services Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.92M
CAP Approach
CAP
$5.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.42M
Owner & transaction history
Acpf Exr Jv Sub Adams Street Denver · 4 yrs held
Acpf Exr Jv Sub Adams Street Denver
since 2022
Last sale
$10.5M
6 recorded transactions
Zoning & alternative use
I-MX-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
$7,765,000
ML approach
$8,920,000
CAP Approach
CAP Return
Estimation
6%
$6,210,000
6.5%
$5,735,000
7%
$5,325,000
Blend value · Realmo final
$9.42M
Range $8.48M – $10.36M · ±10% · vs last sale $10.50M (May 27 2022)
Last sale anchor
$10.50M
May 27 2022
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
$234 / 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
$147,388
Tax year 2023
Assessed value
$1,902,120
Assessed 2023
Previous assessed
$735,380
+158.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$445,010
Assessed improvement
$1,457,110
Land market value
$1,625,000
Improvement market value
$5,222,600
Total market value
$6,847,600
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
562
Rooms
4
Bathrooms
1
Total area
40,180 SF
Lot
0.57 ac (25,000 SF)
Zoning code
I-MX-3
APN
02244-35-039-000
UPID
US13-1089908
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, CO
Zoning I-MX-3 · permitted uses
I-MX-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.
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
562
Rooms
4
Bathrooms
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Acpf Exr Jv Sub Adams Street Denver
Individual
Mailing address
2795 E COTTONWOOD PKWY STE #300, SALT LAKE CITY, UT 84121-6928
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$10,500,000
Acpf Exr Jv Sub Adams Street Denver
Steele Street Self Storage LLC
Special Warranty Deed
—
Mar 16, 2017
$1,010,600
Steele Street Self Storage LLC
Steele Self Storage LLC
Grant Deed
related
—
Mar 15, 2017
$1,010,600
Steele Street Self Storage LLC
Steele Self Storage LLC
Grant Deed
related
$5,565,123 · Miscellaneous Ins Co
Mar 4, 2016
$382,418
Steele Self Storage LLC
First Step Investments LLC
Warranty Deed
—
Sep 28, 2015
$350,000
First Step Investments LLC
Koppman,keith & Susan M
Warranty Deed
$280,000 · Cost Fund 1 LLC
—
—
Keith Koppman
—
Deed Of Trust
related
$187,500 · Wells Fargo 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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