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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Bars & Pubs
4451 Virginia Ave Denver, CO 80246-1512
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0250810
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,096 SF
Lot
0.41 ac (17,860 SF)
APN
1973-18-2-02-048
UPID
US13-0250810
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
-
World Marshal HQ Corporate Office
-
Freddy Fazbenders Pizza Nightclub DJ & Entertainment
-
Scarlett's Cabaret Denver Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$3.39M
Owner & transaction history
East Virginia LLC · 5 yrs held
East Virginia LLC
since 2020
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,130,000
Current use
AUTO REPAIR, GARAGE
$4,045,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $3.33M (Aug 24 2020)
Last sale anchor
$3.33M
Aug 24 2020
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
$336 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$26,020
Tax year 2021
Assessed value
$536,238
Assessed 2023
Previous assessed
$298,281
+79.8% YoY
Effective rate
4.85%
On assessed value
Land market value
$599,940
Improvement market value
$1,352,060
Total market value
$1,952,000
Applied tax rate
665.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
35
Total area
10,096 SF
Lot
0.41 ac (17,860 SF)
APN
1973-18-2-02-048
UPID
US13-0250810
Jurisdiction
ARAPAHOE
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
RESTAURANT Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.0M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
35
Lot
0.41 ac
Current owner
From public records · entity-resolved
East Virginia LLC
Entity
Mailing address
10737 CUTTEN RD, HOUSTON, TX 77066-5007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Rci Holdings INC
—
Deed
related
$18,740,000 · Centennial Bank
Aug 24, 2020
—
East Virginia LLC
Lowrie Management Lllp
Quit Claim Deed
related
—
May 28, 2020
—
4451 East Virginia LLC
—
Deed
related
$1,262,036 · Citywide Bk
Aug 26, 2016
—
Lowrie Management Lllp
—
Deed
related
$2,989,900 · Citywide Bk
Dec 18, 2002
—
Lowrie Management Lllp
—
Deed Of Trust
related
$1,000,000 · Amfirst Bank
Feb 16, 1999
$1,200,000
Lowrie Management Lllp
Colorado Entertainment Corp
Grant Deed
—
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$1,160,000 · Community Banks Of Colorado
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$1,170,000 · Citywide Banks
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$2,606,500 · Citywide Banks
—
—
Lowrie Management Lllp
—
Loan Modification
related
$2,989,900 · Citywide Bk
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$656,000 · Bank One Colorado
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$1,000,000 · Community Banks Of Colorado
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$650,000 · Community Banks Of Colorado
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$650,000 · Community Banks Of Colorado
—
—
4451 East Virginia LLC
—
Deed Of Trust
related
$1,262,036 · Citywide Bk
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$963,000 · Community Banks Of Colorado
—
—
Lowrie Management Lllp
—
Deed Of Trust
related
$850,000 · Community Banks Of Colorado
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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