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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Warehouses
4571 Ivy St Denver, CO 80216-6422
Entity Owned
~
Est. High Equity
Property ID
US13-0115525
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
STEEL FRAME
Total area
14,628 SF
Lot
0.85 ac (36,854 SF)
Zoning code
I-B
APN
01202-00-071-000
UPID
US13-0115525
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
-
Pure Marijuana Dispensary - Ivy (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.66M
Owner & transaction history
Novem LLC
Novem LLC
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
I-B · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.7M
+54.0%
Apartment house (5+ units)
$3.5M
+45.9%
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%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,430,000
Current use
OFFICE BUILDING
$3,745,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,545,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.87M (May 20 2025)
Last sale anchor
$2.87M
May 20 2025
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
$182 / 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
$50,509
Tax year 2023
Assessed value
$651,850
Assessed 2023
Previous assessed
$544,100
+19.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$145,860
Assessed improvement
$505,990
Land market value
$552,800
Improvement market value
$1,813,600
Total market value
$2,366,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
14,628 SF
Lot
0.85 ac (36,854 SF)
Zoning code
I-B
APN
01202-00-071-000
UPID
US13-0115525
Jurisdiction
DENVER
Zoning & alternative use
I-B · Denver, CO
Zoning I-B · permitted uses
I-B · 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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Novem LLC
Entity
Mailing address
5500 LAUREL ST, NEW ORLEANS, LA 70115-2046
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
$2,867,500
Novem LLC
4571 Prima Properties LLC
Special Warranty Deed
—
Dec 20, 2018
—
4571 Ivy LLC
American Industry LLC
Quit Claim Deed
related
—
Dec 20, 2018
$2,250,000
4571 Prima Properties
4571 Ivy LLC
Warranty Deed
—
Nov 10, 2016
—
4571 Ivy LLC
—
Deed
related
$1,000,000 · Van Woensel Family LP
Mar 31, 2015
—
4571 Ivy LLC
American Industry LLC
Quit Claim Deed
related
—
Feb 27, 2015
$667,200
American Industry LLC
First Equity Lending 4571 LLC
Grant Deed
$450,000 · John C Richert
Nov 5, 2013
—
First Equity Lending 4571 LLC
Brody Chemical Company INC
Special Warranty Deed
$350,000 · Montegra Capital Resources Ltd
Jul 30, 2009
—
Brody Chemical Co INC
—
Deed Of Trust
related
$1,250,000 · Zions First National Bank
Mar 4, 2004
$825,000
Brody Chemical INC
G & S Box Co INC
Grant Deed
$650,000 · Washington Mutual Fsb
—
—
Brody Chemical Co INC
—
Deed Of Trust
related
$600,000 · Zions First National Bank
—
—
First Equity Lending 4571 LLC
—
Loan Modification
related
$350,000 · Montegra Cap Rsrcs
—
—
4571 Ivy LLC
—
Deed Of Trust
related
$1,000,000 · Van Woensel Family LP
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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