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Property profile & analytics
OFF-MARKET
Estimated value
$35,860,000
Hotels
4040 Quebec St Denver, CO 80216-6619
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-0583824
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
CONCRETE
Total area
174,556 SF
Lot
4.91 ac (213,720 SF)
Zoning code
I-MX-5
APN
01213-00-123-000
UPID
US13-0583824
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
-
Starbucks Cafe & Coffee Shop
-
DoubleTree by Hilton Denver Central Park Hotel & Motel
-
Encore Rental Equipment Company Tech Support Center
-
Amberstone Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.08M
Blend (final)
Blend
$35.86M
Owner & transaction history
City And County Of Denver · 1 yrs held
City And County Of Denver
since 2024
Last sale
$43.0M
3 recorded transactions
Zoning & alternative use
I-MX-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$56.7M
+34.4%
Retail stores
$56.1M
+33.2%
Medical building
$53.0M
+25.7%
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
$32,560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$42,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$56,655,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$56,135,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$53,005,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$44,670,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$42,325,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$35.86M
Range $32.27M – $39.45M · ±10% · vs last sale $43.00M (May 28 2024)
Last sale anchor
$43.00M
May 28 2024
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
$205 / 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
$602,363
Tax year 2023
Assessed value
$7,773,830
Assessed 2023
Previous assessed
$5,017,000
+54.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,601,570
Assessed improvement
$6,172,260
Land market value
$5,770,400
Improvement market value
$22,122,800
Total market value
$27,893,200
Applied tax rate
425.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
300
Bathrooms
3
Total area
174,556 SF
Lot
4.91 ac (213,720 SF)
Zoning code
I-MX-5
APN
01213-00-123-000
UPID
US13-0583824
Jurisdiction
DENVER
Zoning & alternative use
I-MX-5 · Denver, CO
Zoning I-MX-5 · permitted uses
I-MX-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
HOTEL/MOTEL Current
Est. value
$42.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$56.7M
RETAIL STORES
Est. value
$56.1M
MEDICAL BUILDING
Est. value
$53.0M
OFFICE BUILDING
Est. value
$44.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$42.3M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1978
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
300
Bathrooms
3
Lot
4.91 ac
Current owner
From public records · entity-resolved
City And County Of Denver
Entity
Free & Clear · 1 yrs held
Mailing address
225 E 16TH AVE STE #600, DENVER, CO 80203-1675
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$43,000,000
City And County Of Denver
4040 Quebec LLC
Special Warranty Deed
—
Nov 28, 2023
$39,000,000
4040 Quebec LLC
Denver Project Owner Cp LLC
Special Warranty Deed
$35,000,000 · Colorado Housing & Finance Authorit
Feb 17, 2022
$24,390,200
Denver Project Owner Cp LLC
Akhi Hospitality INC
Special Warranty Deed
$59,871,240 · Prime Finance Short Duration Holdin
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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