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Property profile & analytics
OFF-MARKET
Estimated value
$33,205,000
Warehouses
445 53rd Pl Denver, CO 80216-1611
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0577998
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Total area
210,500 SF
Lot
11.14 ac (485,302 SF)
APN
R0104117
UPID
US13-0577998
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
-
Living Colorado Ltd Production Facility Furniture & Home Goods
-
BuildStrong Academy of Colorado Vocational School Training Center
-
A Aabco Authorized Services Co Hardware & Home Improvement HVAC Service
-
Net Image Group Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.03M
Comparable Approach
Comparable
$24.17M
Blend (final)
Blend
$33.21M
Owner & transaction history
Scg West 53rd Place LLC · 4 yrs held
Scg West 53rd Place LLC
since 2022
Last sale
$38.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$53.9M
+54.0%
Apartment house (5+ units)
$51.0M
+45.9%
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
$34,985,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,535,000
6.5%
$30,030,000
7%
$27,885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$34,985,000
Current use
OFFICE BUILDING
$53,865,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$51,040,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$33.21M
Range $29.88M – $36.53M · ±10% · vs last sale $38.42M (Apr 13 2022)
Last sale anchor
$38.42M
Apr 13 2022
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
$158 / 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
$633,900
Tax year 2023
Assessed value
$5,922,640
Assessed 2023
Previous assessed
$4,936,500
+20.0% YoY
Effective rate
10.70%
On assessed value
Assessed land
$1,150,890
Assessed improvement
$4,771,750
Land market value
$4,125,067
Improvement market value
$17,103,033
Total market value
$21,228,100
Applied tax rate
38.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
SPACE
Stories
1
Total area
210,500 SF
Lot
11.14 ac (485,302 SF)
APN
R0104117
UPID
US13-0577998
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$35.0M
OFFICE BUILDING
Est. value
$53.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$51.0M
WAREHOUSE, STORAGE Current
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
1972
Heating
SPACE
Stories
1
Lot
11.14 ac
Current owner
From public records · entity-resolved
Scg West 53rd Place LLC
Entity
Free & Clear · 4 yrs held
Mailing address
300 N LA SALLE DR STE #5450, CHICAGO, IL 60654-3448
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
$38,423,900
Scg West 53rd Place LLC
Ci Den I Gw LLC
Special Warranty Deed
—
Dec 13, 2019
—
Ci Den I-gw LLC
—
Grant Deed
related
—
Oct 21, 2016
—
Ci Den I-gw LLC
Colfin Cobalt I-ii Owner LLC
Grant Deed
$25,000,000 · Miscellaneous Ins Co
Dec 24, 2014
$8,438,500
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Grant Deed
—
Dec 23, 2014
—
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Quit Claim Deed
related
—
Oct 12, 2007
$10,000,000
Cobalt Industrial Reit II
Columbia Colorado 53rd Indl L
Deed Of Trust
$106,500,000 · Ing Life Ins & Annunity Co
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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