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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Office Spaces
403 16th St 2 Denver, CO 80202-5026
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0517568
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Construction
STEEL FRAME
Total area
11,118 SF
Lot
0.1 ac (4,382 SF)
Zoning code
D-C
APN
02346-10-129-129
UPID
US13-0517568
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
-
Dapper Barbershop & Beauty Co Barber Shop
-
BOSS Luxury Barbering Barber Shop
-
webFEAT Complete Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Shear Gravity Studio Hair Salon Nail Salon
-
Aisle 5 Salon Specialty Food Shop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$1.38M
Owner & transaction history
Sweatshop Ltd · 3 yrs held
Sweatshop Ltd
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
D-C · 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
$1,335,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.43M (Jul 29 2022)
Last sale anchor
$1.43M
Jul 29 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
$124 / 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
$32,477
Tax year 2023
Assessed value
$419,140
Assessed 2023
Previous assessed
$444,370
-5.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$418,860
Assessed improvement
$280
Land market value
$1,531,300
Improvement market value
$1,000
Total market value
$1,532,300
Applied tax rate
320.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,118 SF
Lot
0.1 ac (4,382 SF)
Zoning code
D-C
APN
02346-10-129-129
UPID
US13-0517568
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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
1981
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Sweatshop Ltd
Individual
Mailing address
11610 QUIVAS WAY STE #3132, WESTMINSTER, CO 80234-2625
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$1,430,000
Sweatshop Ltd
West Wood Properties INC
Special Warranty Deed
$1,398,000 · First Savings Bank
Sep 3, 2013
$100,000
West Wood Properties INC
Sun Forest Investment LLC
Quit Claim Deed
related
—
Jun 28, 2013
$1,960,000
Sun Forest Investment LLC
Sterling Svgs Bk
Grant Deed
—
Mar 8, 2012
—
Borrego Springs Bk
Deputy Public Te Of Denver Cnty
Trustees Deed
related
—
Feb 27, 2012
$2,302,453
Worldwide Property Mgmt LLC
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$2,323,000
Sep 2, 2010
—
Worldwide Property Mgmt LLC
—
Trustees Deed
related
$350,000 · Merchants Mortgage & Trust
May 30, 2007
$2,500,100
Worldwide Property Mgmt LLC
Gatchis,paul
Grant Deed
$2,000,000 · Paul Gatchis
—
—
Worldwide Property Mgmt LLC
—
Deed Of Trust
related
$2,323,000 · Borrego Springs 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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