Individually Owned Property summary
AI-generated overview
This multifamily residential property is located in Wheat Ridge, Colorado, and has a total building area of 6,218 square feet. The building contains eight residential units, configured for apartment-style living and designed for generating residential rental income.
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1954
Construction
STEEL FRAME
Total area
3,109 SF
Lot
0.36 ac (15,838 SF)
APN
39-242-25-004
UPID
US13-0468602
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$775k
Owner & transaction history
since 2016
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$1.2M
+32.1%
Neighborhood: shopping center
$1.0M
+7.0%
Commercial (general)
$1.0M
+6.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$775k
Value range
$698k – $853k
±10% around blend
Estimated value / SF
$249 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$698k
blend $775k
$853k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,109 SF
Lot area
0.36 ac
Year built
1954
Stories
4
APN
39-242-25-004
Assessed value
$111,705
Annual tax
$9,767
3
Income approach: direct capitalization
Partial preview
Income approach indication
$795k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$860k
@ 6.5% CAP return
$795k
@ 7% CAP return
$740k
4
Sales comparison
Partial preview
Sales approach indication
$872k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.9 mi away · 2,896 SF
5.5 mi away · 3,202 SF
5.7 mi away · 2,384 SF
6.2 mi away · 3,870 SF
8.4 mi away · 2,668 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$775k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$303
-18%
Submarket 1388 sales
$311
-20%
County 121 sales
$326
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $249/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+32%
vs current-use indication
Neighborhood: Shopping Center
Commercial (general)
Medical Building
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$112k
Move the market yield to see immediate price impact.
Value / SF
$36
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$7k
$141k
$101k
$78k
$8k
$156k
$112k
$87k
$9k
$172k
$123k
$96k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.02M
1.0 mi · Jan 2026 · $305/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,767
Tax year 2023
Assessed value
$111,705
Assessed 2023
Previous assessed
$111,705
+0.0% YoY
Effective rate
8.74%
On assessed value
Assessed land
$21,223
Assessed improvement
$90,482
Land market value
$316,760
Improvement market value
$1,405,480
Total market value
$1,722,240
Applied tax rate
3,139.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1954
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
2
Stories
4
Units
4
Rooms
4
Total area
3,109 SF
Lot
0.36 ac (15,838 SF)
APN
39-242-25-004
UPID
US13-0468602
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
4
Buildings
2
Units
4
Rooms
4
Lot
0.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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