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Property profile & analytics
OFF-MARKET
Estimated value
$20,090,000
Garden apartment buildings
4325 Morrison Rd 4331 Denver, CO 80219
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-2841567
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2016
Construction
WOOD
Total area
86,806 SF
Lot
2.32 ac (101,000 SF)
Zoning code
E-MX-3
APN
05183-00-874-000
UPID
US13-2841567
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
$17.96M
Comparable Approach
Comparable
$26.10M
Blend (final)
Blend
$20.09M
Owner & transaction history
4331 Morrison Road Lllp · 9 yrs held
4331 Morrison Road Lllp
since 2016
7 recorded transactions
Zoning & alternative use
E-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$28.2M
+34.7%
Commercial (general)
$28.1M
+34.4%
Medical building
$26.4M
+26.1%
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%
$19,455,000
6.5%
$17,960,000
7%
$16,675,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$20,910,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$28,175,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,095,000
Change: +34% · Conversion: Moderate
MEDICAL BUILDING
$26,360,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$22,215,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$20,840,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$20.09M
Range $18.08M – $22.10M · ±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
$231 / 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
Assessed value
$2,323,960
Assessed 2023
Previous assessed
$1,696,650
+37.0% YoY
Assessed land
$179,020
Assessed improvement
$2,144,940
Land market value
$2,727,000
Improvement market value
$32,014,000
Total market value
$34,741,000
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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
3
Units
98
Rooms
36
Bathrooms
1
Total area
86,806 SF
Lot
2.32 ac (101,000 SF)
Zoning code
E-MX-3
APN
05183-00-874-000
UPID
US13-2841567
Jurisdiction
DENVER
Zoning & alternative use
E-MX-3 · Denver, CO
Zoning E-MX-3 · permitted uses
E-MX-3 · 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
$20.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.2M
COMMERCIAL (GENERAL)
Est. value
$28.1M
MEDICAL BUILDING
Est. value
$26.4M
OFFICE BUILDING
Est. value
$22.2M
RETAIL STORES
Est. value
$20.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
4
Units
98
Rooms
36
Bathrooms
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
4331 Morrison Road Lllp
Entity
Mailing address
1850 PLATTE ST, DENVER, CO 80202-2480
Ownership since
2016
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
Sep 12, 2016
—
4331 Morrison Road Lllp
St Charles Holding Company LLC
Quit Claim Deed
related
$27,600 · Colorado Housing & Finance Authorit
Jan 17, 2012
—
3376 South Sherman LLC
—
Deed Of Trust
related
$2,470,000 · Bank Of Colorado
Dec 30, 2011
—
3376 South Sherman LLC
—
Deed Of Trust
related
$2,470,000 · Bank Of Colorado
Jan 20, 2004
$1,126,000
4325 & 4331 Morrison Road LLC
Property Growth Investments Ll
Grant Deed
$843,000 · Horizon Bank
—
—
St Charles Holding Co LLC
—
Deed Of Trust
related
$1,700,000 · Miscellaneous Govt Agcy
—
—
4325 & 4331 Morrison Road LLC
—
Deed Of Trust
related
$800,000 · Mutual Of Omaha Bank
—
—
St Charles Holding Co LLC
—
Loan Modification
related
$1,700,000 · Miscellaneous Govt Agcy
—
—
St Charles Holding Co LLC
—
Loan Modification
related
$1,700,000 · Miscellaneous Govt Agcy
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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