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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Garden apartment buildings
4000 Irving St Denver, CO 80211-1936
Individually Owned
~
Est. High Equity
Property ID
US13-1003657
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1949
Construction
WOOD
Total area
2,896 SF
Lot
0.14 ac (6,250 SF)
Zoning code
U-SU-B1
APN
02203-18-025-000
UPID
US13-1003657
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
$675k
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$790k
Owner & transaction history
Negar Janani
Negar Janani
since 2026
Last sale
$815,000
7 recorded transactions
Zoning & alternative use
U-SU-B1 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+1.7%
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%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,140,000
Current use
AUTO REPAIR, GARAGE
$1,160,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: -18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$935,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $815k (Jan 2 2026)
Last sale anchor
$815k
Jan 2 2026
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
$273 / 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
$5,120
Tax year 2023
Assessed value
$72,770
Assessed 2023
Previous assessed
$44,950
+61.9% YoY
Effective rate
7.04%
On assessed value
Assessed land
$25,610
Assessed improvement
$47,160
Land market value
$437,300
Improvement market value
$703,900
Total market value
$1,141,200
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
1949
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
2
Rooms
10
Bathrooms
1
Total area
2,896 SF
Lot
0.14 ac (6,250 SF)
Zoning code
U-SU-B1
APN
02203-18-025-000
UPID
US13-1003657
Jurisdiction
DENVER
Zoning & alternative use
U-SU-B1 · Denver, CO
Zoning U-SU-B1 · permitted uses
U-SU-B1 · 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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1949
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
2
Rooms
10
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Negar Janani
Individual
Mailing address
3195 W 40TH AVE, DENVER, CO 80211-2008
Ownership since
2026
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
Jan 2, 2026
$815,000
Negar Janani
The Michael J Volpe Revocable Trust
Special Warranty Deed
—
Dec 4, 2025
$815,000
Negar Janini
The Michael J Volpe Revocable Trust
Special Warranty Deed
$692,750 · Si Mortgage Company
May 19, 2008
—
Michael J Volpe
Volpe,gloria T C
Quit Claim Deed
related
—
Mar 18, 2004
—
Gloria T C Volpe
Cavalieri Ernest A Trust
Quit Claim Deed
related
—
Mar 8, 2004
—
Gloria T C Volpe
Cavalieri,ernest A
Affidavit Of Death
related
—
Mar 5, 2001
—
Michael J Volpe
Cavalieri Trust
Quit Claim Deed
related
—
Feb 5, 2001
—
Michael J Volpe
Cavalieri Trust
Quit Claim Deed
related
—
—
—
Michael J Volpe
—
Deed Of Trust
related
$150,000 · Chase Manhattan Bank USA NA
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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