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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Warehouses
4600 Monaco St Denver, CO 80216-3335
Entity Owned
15-yr Hold
Free & Clear
Property ID
US13-0651002
Property summary
AI-generated overview
This exceptional 16,858-square-foot industrial property, located at 4600 Monaco Street in Denver, Colorado, presents a significant opportunity. Situated on a 2.07-acre lot, this building boasts a versatile design suitable for distribution, warehouse, or manufacturing uses, reflecting its I-B Denver zoning. Constructed in 1974, the property features a 15-foot ceiling height and ample space for operations. The building includes approximately 1,500 square feet of office space, providing administrative areas. Loading is facilitated by four drive-in bays, with dimensions of two 12' x 14', one 18' x 14', and one 20' x 14'. The warehouse benefits from a 1M BTU boiler heating system and fire sprinklers for safety. Power is supplied by a 400-amp, 240v, 3-phase system (verification recommended). The property also features a large fenced and paved yard, offering significant outdoor storage or maneuvering space. Column spacing is 25' x 30'. This property is for sale and offers a compelling combination of size, location, and features for a variety of industrial uses. The property's address is 4600 Monaco St, Denver, CO 80216. A video tour is available online.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
15,492 SF
Lot
2 ac (87,100 SF)
Zoning code
I-B
APN
01201-00-044-000
UPID
US13-0651002
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
-
Denver Reel & Pallet Company Freight Service Logistics Company
-
Cierra Crest Apt Bldg 8 Apartment Building
-
Cierra Crest Apt Bldg 18 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.96M
Owner & transaction history
Heimbrock Family Ptshp Lllp · 15 yrs held
Heimbrock Family Ptshp Lllp
since 2011
Last sale
$3.3M
1 recorded transaction
Zoning & alternative use
I-B · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+82.7%
Office building
$4.0M
+54.0%
Apartment house (5+ units)
$3.8M
+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%
$2,670,000
6.5%
$2,465,000
7%
$2,285,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,575,000
Current use
MEDICAL BUILDING
$4,705,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$3,965,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,755,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $3.28M (Jan 12 2026)
Last sale anchor
$3.28M
Jan 12 2026
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
$191 / 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
$55,881
Tax year 2023
Assessed value
$721,180
Assessed 2023
Previous assessed
$598,620
+20.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$356,140
Assessed improvement
$365,040
Land market value
$1,306,500
Improvement market value
$1,308,400
Total market value
$2,614,900
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
1974
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
4
Total area
15,492 SF
Lot
2 ac (87,100 SF)
Zoning code
I-B
APN
01201-00-044-000
UPID
US13-0651002
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
$2.6M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1974
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
2 ac
Current owner
From public records · entity-resolved
Heimbrock Family Ptshp Lllp
Entity
Free & Clear · 15 yrs held
Mailing address
4929 E MAPLEWOOD PL, CENTENNIAL, CO 80121-3344
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2011
—
Heimbrock Family Ptshp Lllp
Heimbrock Karl R
Quit Claim Deed
—
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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