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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Residential income homes
453 20th Ave A Brighton, CO 80601-3526
Individually Owned
6-yr Hold
Property ID
US13-0017353
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1987
Construction
FRAME
Total area
3,408 SF
Lot
0.25 ac (10,890 SF)
APN
R0001780
UPID
US13-0017353
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
$870k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Daniel Garbe · 6 yrs held
Daniel Garbe
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+4.4%
Commercial (general)
$1.1M
+4.1%
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 Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brighton 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%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,105,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,105,000
Change: +4% · Conversion: Moderate
MEDICAL BUILDING
$1,035,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$870,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$211 / 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
$7,528
Tax year 2023
Assessed value
$68,520
Assessed 2023
Previous assessed
$68,520
+0.0% YoY
Effective rate
10.99%
On assessed value
Assessed land
$4,460
Assessed improvement
$64,060
Land market value
$66,000
Improvement market value
$947,000
Total market value
$1,013,000
Applied tax rate
318.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
OTHER
Cooling
OTHER
Stories
1
Units
4
Rooms
16
Bathrooms
8
Total area
3,408 SF
Lot
0.25 ac (10,890 SF)
APN
R0001780
UPID
US13-0017353
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1987
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Units
4
Rooms
16
Bathrooms
8
Lot
0.25 ac
Current owner
From public records · entity-resolved
Daniel Garbe
Individual
Mailing address
453 N 20TH AVE UNIT A, BRIGHTON, CO 80601-3526
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2019
$929,500
Daniel Garbe
Lisa Dawn Boehret
Warranty Deed
$912,663 · Cherry Creek Mortgage Co INC
Feb 10, 2009
—
Boehret Lisa D Trust
Boehret,lisa D
Quit Claim Deed
related
—
Aug 10, 2007
—
Lukas Crystal A Trust
Lukas,crystal A
Quit Claim Deed
related
—
Jun 26, 2007
$454,000
Crystal A Lukas
New Frontier Bank
Special Warranty Deed
$100,000 · Wells Fargo Bank NA
Aug 31, 2006
—
New Frontier Bank
Public Trustee Of Adams County
Trustees Deed
related
—
Mar 29, 2005
—
Bfs Of Colorado INC
New Frontier Bank
Quit Claim Deed
related
$920,158 · New Frontier Bank
Jan 19, 2005
—
New Frontier Bank
Public Trustee Of Adams County
Trustees Deed
related
—
—
—
Richard E Bauserman
—
Deed Of Trust
related
$245,000 · New Frontier Bank
—
—
Richard E Bauserman
—
Deed Of Trust
related
$505,346 · Valley Bank & Trust Co
—
—
Richard E Bauserman
—
Deed Of Trust
related
$290,000 · New Frontier Bank
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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