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Property profile & analytics
OFF-MARKET
Estimated value
$67,295,000
High-rise multifamily apartments
4500 Cherry Crk S Dr Denver, CO 80246-1518
Individually Owned
7-yr Hold
Free & Clear
Property ID
US13-1651456
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Construction
FRAME
Total area
290,751 SF
Lot
5.51 ac (240,016 SF)
APN
1973-18-3-14-003
UPID
US13-1651456
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$67.30M
Owner & transaction history
Ppf Amli 801 S Cherry Street L · 7 yrs held
Ppf Amli 801 S Cherry Street L
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$94.4M
+4.4%
Commercial (general)
$94.1M
+4.1%
Retail stores
$93.5M
+3.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$90,385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$94,365,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$94,105,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$93,505,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$88,285,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$74,405,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$67.30M
Range $60.57M – $74.02M · ±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
$231 / 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
$678,234
Tax year 2023
Assessed value
$8,074,028
Assessed 2023
Previous assessed
$6,956,400
+16.1% YoY
Effective rate
8.40%
On assessed value
Land market value
$6,820,000
Improvement market value
$112,530,000
Total market value
$119,350,000
Applied tax rate
1,614.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Bathrooms
449
Total area
290,751 SF
Lot
5.51 ac (240,016 SF)
APN
1973-18-3-14-003
UPID
US13-1651456
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$90.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$94.4M
COMMERCIAL (GENERAL)
Est. value
$94.1M
RETAIL STORES
Est. value
$93.5M
MEDICAL BUILDING
Est. value
$88.3M
OFFICE BUILDING
Est. value
$74.4M
APARTMENT HOUSE (5+ UNITS) Current
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
449
Lot
5.51 ac
Current owner
From public records · entity-resolved
Ppf Amli 801 S Cherry Street L
Individual
Free & Clear · 7 yrs held
Mailing address
167 N GRN ST #12, CHICAGO, IL 60607-2377
Ownership since
2018
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
Dec 31, 2018
$107,821,100
Ppf Amli 801 S Cherry Street L
Mks Cherry Creek LLC
Grant Deed
—
Nov 22, 2017
—
Mks Cherry Creek LLC
—
Loan Modification
related
$46,720,000 · Jp Morgan Chase Bk
—
—
Mks Cherry Creek LLC
—
Loan Modification
related
$46,720,000 · Jp Morgan Chase Bk
—
—
Mks Cherry Creek LLC
—
Loan Modification
related
$46,720,000 · Jp Morgan Chase Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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