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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office Spaces
450 17th Ave 200 Denver, CO 80203-1254
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-1204462
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Construction
CONCRETE
Total area
2,975 SF
Lot
0.03 ac (1,451 SF)
Zoning code
C-MX-8
APN
02349-19-045-045
UPID
US13-1204462
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
-
Orangetheory Fitness Gym & Fitness Center
-
S.B. Clark Companies Consultant Financial Consultant
-
Timmins & Associates Llc Law Firm
-
Oxford Exploration Oil & Natural Gas Company
-
denverlng Oil & Natural Gas Company Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Seventeenth 450 LLC · 9 yrs held
Seventeenth 450 LLC
since 2016
4 recorded transactions
Zoning & alternative use
C-MX-8 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$965,000
+26.8%
Commercial (general)
$965,000
+26.5%
Retail stores
$955,000
+25.7%
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%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$760,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$965,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$965,000
Change: +26% · Conversion: Easy
RETAIL STORES
$955,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$905,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$200 / 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
$23,150
Tax year 2023
Assessed value
$298,760
Assessed 2023
Previous assessed
$299,580
-0.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$74,580
Assessed improvement
$224,180
Land market value
$297,300
Improvement market value
$803,500
Total market value
$1,100,800
Applied tax rate
457.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
6
Total area
2,975 SF
Lot
0.03 ac (1,451 SF)
Zoning code
C-MX-8
APN
02349-19-045-045
UPID
US13-1204462
Jurisdiction
DENVER
Zoning & alternative use
C-MX-8 · Denver, CO
Zoning C-MX-8 · permitted uses
C-MX-8 · 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
OFFICE BUILDING Current
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$965,000
RETAIL STORES
Est. value
$955,000
MEDICAL BUILDING
Est. value
$905,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
2006
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
6
Lot
0.03 ac
Current owner
From public records · entity-resolved
Seventeenth 450 LLC
Entity
Mailing address
450 E 17TH AVE UNIT #200, DENVER, CO 80203-1254
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2017
—
Seventeenth 450 LLC
—
Trustees Deed
related
$16,000,000 · Western Alliance Bk
Dec 28, 2016
—
Seventeenth 450 LLC
Pennsylvania 17 LLC
Quit Claim Deed
related
—
Aug 28, 2007
$860,930
Pennsylvania 17 LLC
450 Seventeenth LLC
Warranty Deed
$731,791 · Vectra Bank Colorado NA
—
—
Seventeenth 450 LLC
—
Deed Of Trust
related
$250,000 · Community Bk/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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