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Property profile & analytics
OFF-MARKET
Estimated value
$26,695,000
High-rise multifamily apartments
4400 Mississippi Ave Denver, CO 80246-3163
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-1961908
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2013
Construction
WOOD
Total area
66,853 SF
Lot
1.65 ac (71,758 SF)
Zoning code
S-MU-5
APN
06192-04-034-000
UPID
US13-1961908
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
-
Peregrine Place Apartments Apartment Building
-
Orchestrated Light Photography Photography Service (Bike/Boat/Book/etc) Store
-
Brian J Sanchez Photography Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.50M
Blend (final)
Blend
$26.70M
Owner & transaction history
Washington Street Townhomes LLC · 4 yrs held
Washington Street Townhomes LLC
since 2021
Last sale
$27.0M
4 recorded transactions
Zoning & alternative use
S-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.3M
+31.6%
Auto repair, garage
$26.8M
+28.9%
Neighborhood: shopping center
$21.7M
+4.4%
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
$26,370,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$20,780,000
Current use
RESTAURANT
$27,340,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,775,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$21,700,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,640,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$21,500,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$20,300,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$17,110,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$26.70M
Range $24.03M – $29.36M · ±10% · vs last sale $26.95M (Oct 29 2021)
Last sale anchor
$26.95M
Oct 29 2021
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
$399 / 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
$130,073
Tax year 2023
Assessed value
$1,678,660
Assessed 2023
Previous assessed
$1,188,090
+41.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$101,080
Assessed improvement
$1,577,580
Land market value
$1,563,600
Improvement market value
$23,545,900
Total market value
$25,109,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
65
Rooms
22
Bathrooms
1
Total area
66,853 SF
Lot
1.65 ac (71,758 SF)
Zoning code
S-MU-5
APN
06192-04-034-000
UPID
US13-1961908
Jurisdiction
DENVER
Zoning & alternative use
S-MU-5 · Denver, CO
Zoning S-MU-5 · permitted uses
S-MU-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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$20.8M
RESTAURANT
Est. value
$27.3M
AUTO REPAIR, GARAGE
Est. value
$26.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.7M
COMMERCIAL (GENERAL)
Est. value
$21.6M
RETAIL STORES
Est. value
$21.5M
MEDICAL BUILDING
Est. value
$20.3M
OFFICE BUILDING
Est. value
$17.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
2013
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
65
Rooms
22
Bathrooms
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Washington Street Townhomes LLC
Entity
Free & Clear · 4 yrs held
Mailing address
735 STATE ST STE #416, SANTA BARBARA, CA 93101-5552
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
$26,950,000
Washington Street Townhomes LLC
Peregrine Place Apartments LLC
Special Warranty Deed
—
Oct 29, 2021
—
Paskin 4400 East Mississippi LLC
Peregrine Place Apartments LLC
Bargain And Sale Deed
—
Jan 8, 2020
—
Peregrine Place Apartments LLC
—
Deed
related
$1,756,000 · Jpmorgan Chase Bank NA
May 26, 2016
$17,100,000
Peregrine Place Apartments LLC
Peregrine Place LLC
Special Warranty Deed
$11,000,000 · Jpmorgan Chase Bank 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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