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Property profile & analytics
OFF-MARKET
Estimated value
$9,850,000
High-rise multifamily apartments
4625 Louisiana Ave Denver, CO 80246-3433
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US13-0449152
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1970
Construction
CONCRETE
Total area
53,899 SF
Lot
6.27 ac (273,334 SF)
Zoning code
R-2-A
APN
06192-09-006-000
UPID
US13-0449152
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
$12.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.85M
Owner & transaction history
Cr Aspen Grove Communities LLC · 11 yrs held
Cr Aspen Grove Communities LLC
since 2015
6 recorded transactions
Zoning & alternative use
R-2-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$13,640,000
6.5%
$12,590,000
7%
$11,690,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$16,365,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$13,795,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$9.85M
Range $8.87M – $10.84M · ±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
$183 / 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
$270,817
Tax year 2023
Assessed value
$3,495,050
Assessed 2023
Previous assessed
$2,353,100
+48.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$384,690
Assessed improvement
$3,110,360
Land market value
$5,796,700
Improvement market value
$46,423,300
Total market value
$52,220,000
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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Buildings
5
Stories
5
Units
207
Rooms
64
Bathrooms
2
Total area
53,899 SF
Lot
6.27 ac (273,334 SF)
Zoning code
R-2-A
APN
06192-09-006-000
UPID
US13-0449152
Jurisdiction
DENVER
Zoning & alternative use
R-2-A · Denver, CO
Zoning R-2-A · permitted uses
R-2-A · 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
MEDICAL BUILDING
Est. value
$16.4M
OFFICE BUILDING
Est. value
$13.8M
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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
5
Units
207
Rooms
64
Bathrooms
2
Lot
6.27 ac
Current owner
From public records · entity-resolved
Cr Aspen Grove Communities LLC
Entity
Mailing address
444 W BEECH ST STE #300, SAN DIEGO, CA 92101-2942
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2015
$30,850,000
Cr Aspen Grove Communities LLC
Glendale Lodge LLC
Grant Deed
$14,250,000 · Citibank NA #2011-k16 (ce)
Sep 1, 2011
—
Jsp Lodge At Aspen LLC
—
Deed Of Trust
related
$14,250,000 · Cwcapital LLC
Aug 13, 2010
$12,000,000
Jsp Lodge At Aspen LLC
Evan Griffiths
Special Warranty Deed
$9,600,000 · Wells Fargo Bank NA
Aug 1, 2006
—
Aspen Grove Colorado LLC
Wxi Of Mcn Lodges Real Estate
Grant Deed
$181,292,000 · General Electric Capital Corp
—
—
Denver Glendale Lodge LLC
—
Deed Of Trust
related
$4,190,000 · Lender Private Party
—
—
Jsp Lodge At Aspen LLC
—
Deed Of Trust
related
$2,700,000 · Private Lender
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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