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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office buildings
3880 Wynkoop St Denver, CO 80216-3637
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-1875949
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
WOOD
Total area
5,373 SF
Lot
0.7 ac (30,316 SF)
Zoning code
I-MX-8
APN
02233-09-013-000
UPID
US13-1875949
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
$1.29M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.21M
Owner & transaction history
Rethink Wynkoop LLC · 7 yrs held
Rethink Wynkoop LLC
since 2019
2 recorded transactions
Zoning & alternative use
I-MX-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M-IMX-8 Industrial Mixed Use 8 M-IMX-12 Industrial Mixed Use 12 M-GMX General Mixed Use 9.7.2.1 General Purpose A. The intent of zone districts within the Master Planned Context is to provide flexibility for master planned development of large sites to respond to evolving market opportunities over time. The zone district regulations support phased mixed-use…
Zone name
Industrial Mixed Use Context District 8
General category
MIXED_USE
Zone area
279.09 ac
Source
Denver Zoning Code
Top alternative use upside
Neighborhood: shopping center
$1.7M
+26.8%
Retail stores
$1.7M
+25.7%
Medical building
$1.6M
+18.7%
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%
$1,400,000
6.5%
$1,290,000
7%
$1,200,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,375,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,745,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,730,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,630,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,305,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$224 / 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
Assessed value
$1,895,000
Assessed 2023
Previous assessed
$2,110,270
-10.2% YoY
Assessed land
$1,894,720
Assessed improvement
$280
Land market value
$6,821,100
Improvement market value
$1,000
Total market value
$6,822,100
Applied tax rate
474.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,373 SF
Lot
0.7 ac (30,316 SF)
Zoning code
I-MX-8
APN
02233-09-013-000
UPID
US13-1875949
Jurisdiction
DENVER
Zoning & alternative use
I-MX-8 · Denver, COZoning I-MX-8 · permitted uses
I-MX-8 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M-IMX-8 Industrial Mixed Use 8 M-IMX-12 Industrial Mixed Use 12 M-GMX General Mixed Use 9.7.2.1 General Purpose A. The intent of zone districts within the Master Planned Context is to provide flexibility for master planned development of large sites to respond to evolving market opportunities over time. The zone district regulations support phased mixed-use development and allow for a wide variety of uses and building forms. As development proceeds, the permitted uses and building forms are further defined to provide clarity and predictable development outcomes. B. The building form standards and use standards support medium to high density development and are organized into nine distinct zone districts. Multiple building forms are allowed on a single zone lot. 9.7.2.2 Specific Intent A. Row House 3 (M-RH-3)
Zone name
Industrial Mixed Use Context District 8
General category
MIXED_USE
Zone area
279.09 ac
Source
Denver Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Rethink Wynkoop LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1400 DOUGLAS ST #1690, OMAHA, NE 68179-1001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
—
Rethink Wynkoop LLC
Union Pacific Railroad Co
Quit Claim Deed
related
—
Jun 29, 2017
—
Union Pacific Railroad Co
City & Cnty Of Denver
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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