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Property profile & analytics
OFF-MARKET
Estimated value
$11,495,000
Office buildings
421 Broadway Denver, CO 80203-3403
Entity Owned
~
Est. High Equity
Property ID
US13-0678270
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
STEEL FRAME
Total area
40,296 SF
Lot
0.68 ac (29,800 SF)
Zoning code
C-MS-8
APN
05102-16-012-000
UPID
US13-0678270
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
-
Fentress Architects Architect
-
Certified Healthy Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.69M
Comparable Approach
Comparable
$10.80M
Blend (final)
Blend
$11.50M
Owner & transaction history
4th & Broadway Property Owner LLC
4th & Broadway Property Owner LLC
since 2026
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
C-MS-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.5M
+59.8%
Auto repair, garage
$16.1M
+56.5%
Apartment house (5+ units)
$13.5M
+31.0%
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%
$10,495,000
6.5%
$9,690,000
7%
$8,995,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,310,000
Current use
RESTAURANT
$16,480,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,140,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,510,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$13,080,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,045,000
Change: +26% · Conversion: Easy
RETAIL STORES
$12,960,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$12,235,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$11.50M
Range $10.35M – $12.64M · ±10% · vs last sale $12.75M (Feb 27 2026)
Last sale anchor
$12.75M
Feb 27 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
$285 / 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
$204,065
Tax year 2023
Assessed value
$2,633,570
Assessed 2023
Previous assessed
$2,404,910
+9.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$739,910
Assessed improvement
$1,893,660
Land market value
$2,682,000
Improvement market value
$6,787,300
Total market value
$9,469,300
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
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
8
Total area
40,296 SF
Lot
0.68 ac (29,800 SF)
Zoning code
C-MS-8
APN
05102-16-012-000
UPID
US13-0678270
Jurisdiction
DENVER
Zoning & alternative use
C-MS-8 · Denver, CO
Zoning C-MS-8 · permitted uses
C-MS-8 · 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
OFFICE BUILDING Current
Est. value
$10.3M
RESTAURANT
Est. value
$16.5M
AUTO REPAIR, GARAGE
Est. value
$16.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
COMMERCIAL (GENERAL)
Est. value
$13.0M
RETAIL STORES
Est. value
$13.0M
MEDICAL BUILDING
Est. value
$12.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
8
Lot
0.68 ac
Current owner
From public records · entity-resolved
4th & Broadway Property Owner LLC
Entity
Mailing address
421 N BROADWAY, DENVER, CO 80203-3403
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
$12,750,000
4th & Broadway Property Owner LLC
Archinvestors LLC
Special Warranty Deed
$9,562,500 · Trophy House LLC
Jan 16, 2026
—
Arch Investors LLC
Henry Worth LLC
Quitclaim Deed
related
—
Mar 17, 2020
—
Arch Investors LLC
—
Deed
related
$4,500,000 · Bok Fin'l
Sep 28, 2017
—
Arch Investors LLC
—
Deed
related
$3,300,000 · Cobiz Private Bk-colorado
Sep 13, 2005
—
Arch Investors LLC
Henry Worth LLC
Grant Deed
—
Dec 4, 2000
—
Henry Worth LLC
—
Grant Deed
related
$1,289,250 · Vectra Bank Colorado NA
Feb 2, 1998
$1,200,000
Henry Worth LLC
Dairyland Insurance Co
Grant Deed
$1,200,000 · Tri State Bank
—
—
Arch Investors LLC
—
Deed Of Trust
related
$9,840,000 · Us Bank NA
—
—
Arch Investors LLC
—
Loan Modification
related
$4,500,000 · Bok Fin'l
—
—
Arch Investors LLC
—
Deed Of Trust
related
$7,131,250 · Colorado Business Bank NA
—
—
Arch Investors LLC
—
Deed Of Trust
related
$3,300,000 · Cobiz Private Bk-colorado
—
—
Henry Worth LLC
—
Deed Of Trust
related
$4,198,978 · Vectra Bank Colorado NA
—
—
Henry Worth LLC
—
Deed Of Trust
related
$4,368,041 · Vectra Bank Colorado 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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