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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
4272 Lowell Blvd Denver, CO 80211-1655
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US13-0469930
Property summary
AI-generated overview
This exceptional 3,000-square-foot creative office space is located at 4272 Lowell Blvd in Denver, Colorado's Berkley Park Neighborhood, at the cross streets of 44th Avenue and Lowell Blvd. The single-tenant building, situated on 0.13 acres, boasts a desirable U-MX-2 zoning. Built in 1963 and extensively renovated in 2022, the property features a 12-foot ceiling height and ample parking with 12 spaces. The building's interior includes over 18 offices, a conference room, a kitchenette, and two ADA-compliant restrooms. The property is currently fully occupied. Power capacity is 150 amps. The annual property taxes are $9.77 per square foot. Ideal for a variety of professional services, including but not limited to credit unions, CPA firms, or accounting firms. This free-standing building offers a Class A office build-out in a vibrant Denver location. The property is conveniently located in Denver County, Colorado, with the zip code 80211.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
3,000 SF
Lot
0.15 ac (6,418 SF)
Zoning code
U-MX-2
APN
02203-08-024-000
UPID
US13-0469930
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
-
Holly Reef at Remax Professionals Denver Real Estate Agency
-
RE/MAX Professionals Real Estate Agency
-
Cyanda Monaco RE/MAX Professionals City Properties/Highlands Real Estate Agency
-
Jennifer Tammam Real Estate Real Estate Agency
-
Jonas Markel | Realtor | Orchard Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$705k
Owner & transaction history
Michele Evans · 16 yrs held
Michele Evans
since 2009
2 recorded transactions
Zoning & alternative use
U-MX-2 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$975,000
+26.8%
Commercial (general)
$970,000
+26.5%
Medical building
$910,000
+18.7%
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%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$910,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
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
$235 / 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
$29,317
Tax year 2023
Assessed value
$378,350
Assessed 2023
Previous assessed
$346,530
+9.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$134,870
Assessed improvement
$243,480
Land market value
$513,400
Improvement market value
$872,700
Total market value
$1,386,100
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
1994
Construction
WOOD
Heating
YES
Stories
1
Units
4
Total area
3,000 SF
Lot
0.15 ac (6,418 SF)
Zoning code
U-MX-2
APN
02203-08-024-000
UPID
US13-0469930
Jurisdiction
DENVER
Zoning & alternative use
U-MX-2 · Denver, CO
Zoning U-MX-2 · permitted uses
U-MX-2 · 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
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$970,000
MEDICAL BUILDING
Est. value
$910,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1994
Construction
WOOD
Heating
YES
Stories
1
Units
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Michele Evans
Individual
Mailing address
PO BOX 12546, DENVER, CO 80212-0546
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2009
$420,000
Michele Evans
Zarlengo Henry E & H C Trust
Warranty Deed
$320,000 · Zarlengo Henry E & H C Tr (pt)
—
—
Michelle Evans
—
Deed Of Trust
related
$300,000 · Street David E & K K Tr (pt)
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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