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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Hotels
4000 Conejos Pl Denver, CO 80204-1455
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-2417304
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1941
Construction
WOOD
Total area
5,253 SF
Lot
0.14 ac (6,275 SF)
Zoning code
U-MS-5
APN
02314-25-040-000
UPID
US13-2417304
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
$2.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.19M
Owner & transaction history
Colorado Polaris LLC · 5 yrs held
Colorado Polaris LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
U-MS-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+69.3%
Auto repair, garage
$2.1M
+65.8%
Neighborhood: shopping center
$1.7M
+34.4%
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
$2,700,000
ML approach
$2,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,150,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,105,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,705,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,700,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$1,680,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,595,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,570,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $1.90M (Jul 17 2020)
Last sale anchor
$1.90M
Jul 17 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
$416 / 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
$37,551
Tax year 2023
Assessed value
$484,620
Assessed 2023
Effective rate
7.75%
On assessed value
Assessed land
$114,190
Assessed improvement
$370,430
Land market value
$439,300
Improvement market value
$1,327,700
Total market value
$1,767,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
5
Rooms
18
Bathrooms
1
Total area
5,253 SF
Lot
0.14 ac (6,275 SF)
Zoning code
U-MS-5
APN
02314-25-040-000
UPID
US13-2417304
Jurisdiction
DENVER
Zoning & alternative use
U-MS-5 · Denver, CO
Zoning U-MS-5 · permitted uses
U-MS-5 · 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
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1941
Construction
WOOD
Heating
HOT WATER
Stories
1
Units
5
Rooms
18
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Colorado Polaris LLC
Entity
Mailing address
2811 LOOKOUT VW DR, GOLDEN, CO 80401-2583
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2020
$1,900,000
Colorado Polaris LLC
Conejos Property Owner LLC
Special Warranty Deed
$400,000 · Alpine Bank
Aug 28, 2019
—
Conejos Property Owner LLC
Richard Randall
Quit Claim Deed
related
$925,000 · Inbank
Jun 19, 2018
$750,000
Conejos Property Owners LLC
James H Stark
Special Warranty Deed
—
Jan 19, 2010
$267,000
Stark,james H
Mark Cooney
Warranty Deed
$262,163 · Universal Lending
Jul 23, 2008
—
Cooney,mark
Mark Cooney
Quit Claim Deed
related
—
Apr 1, 2008
$185,000
Cooney,mark
Emc Mortgage Corp
Grant Deed
$245,000 · Firstbank/arvada
Mar 26, 2008
—
Emc Mortgage Corp
Public Trustee Of Denver County
Correction Deed
related
—
Mar 26, 2008
$223,045
Emc Mortgage Corp
Deutsche Bk Natl 2004-1
Grant Deed
related
—
Mar 6, 2008
—
Imh Assets Corp Collarteratize
Public Trustee Of Denver County
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Oct 5, 2007
$223,045
Virgil,richard L & Juanita A
Public Trustee Of Denver County
Certificate Of Purchase
$208,000
Jun 29, 2004
—
Virgil,richard L & Juanita A
Owner Name Unavailable
Warranty Deed
related
—
Feb 9, 2004
$260,000
Richard L Virgil
Sanchez,lynn R
Grant Deed
$208,000 · Impac Funding Corp
—
—
Lynn R Sanchez
—
Deed Of Trust
related
$41,000 · Us Bank
—
—
Michael Sanchez
—
Deed Of Trust
related
$139,000 · Chase Manhattan Mortgage Corp
—
—
Conejos Property Owner LLC
—
Deed Of Trust
related
$412,500 · Anb Bk
—
—
Richard L Virgil
—
Deed Of Trust
related
$52,000 · Impac Funding Corp
—
—
Lynn Sanchez
—
Deed Of Trust
related
$174,000 · Chase Manhattan Mortgage Corp
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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