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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Office buildings
496 Sheridan Blvd Lakewood, CO 80226-8104
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2812089
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
WOOD
Total area
21,040 SF
Lot
0.72 ac (31,200 SF)
Zoning code
E-MX-2
APN
05072-30-029-000
UPID
US13-2812089
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
$2.84M
Blend (final)
Blend
$3.36M
Owner & transaction history
Bts Sheridan Mcd LLC · 2 yrs held
Bts Sheridan Mcd LLC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
E-MX-2 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
OFFICE BUILDING
$3,915,000
Current use
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±10% · vs last sale $3.53M (May 16 2024)
Last sale anchor
$3.53M
May 16 2024
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
$159 / 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
$39,899
Tax year 2023
Assessed value
$514,920
Assessed 2023
Previous assessed
$435,000
+18.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$252,770
Assessed improvement
$262,150
Land market value
$936,000
Improvement market value
$939,600
Total market value
$1,875,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Total area
21,040 SF
Lot
0.72 ac (31,200 SF)
Zoning code
E-MX-2
APN
05072-30-029-000
UPID
US13-2812089
Jurisdiction
DENVER
Zoning & alternative use
E-MX-2 · Lakewood, CO
Zoning E-MX-2 · permitted uses
E-MX-2 · Lakewood, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.9M
OFFICE BUILDING Current
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
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.72 ac
Current owner
From public records · entity-resolved
Bts Sheridan Mcd LLC
Entity
Mailing address
6400 S FIDDLERS GRN CIR STE #1150, GREENWOOD VILLAGE, CO 80111-4957
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$2,126,000
Bts Sheridan Mcd LLC
Sheridan Office Plaza LLC
Special Warranty Deed
related
$2,729,400 · Crec Capital Master Fund I LLC
Nov 4, 2020
—
Sheridan Office Plaza LLC
Frank Benton Land
Grant Deed
related
—
Oct 20, 2006
$1,130,000
Sheridan Office Plaza LLC
Aspen Equestrian Estates LLC
Warranty Deed
$1,030,000 · Aspen Equestrian Estates LLC
Jul 28, 2006
—
Aspen Equestrian Estates LLC
—
Deed Of Trust
related
$5,000,000 · California Bank & Trust
Jan 11, 2005
$1,522,000
Aspen Equestrians Estates LLC
494 Sheridan West LLC
Grant Deed
—
Jun 2, 2004
—
494 Sheridan West LLC
Vagle,luis
Quit Claim Deed
related
$330,000 · Bank Of Denver
Jan 23, 2004
—
Luis Vagle
Nicholson,janet L
Quit Claim Deed
related
—
—
—
Sheridan Office Plaza LLC
—
Deed Of Trust
related
$770,000 · Wsa Fraternal Life
—
—
494 Sheridan West LLC
—
Deed Of Trust
related
$1,312,500 · Castle Rock Bank
—
—
Sheridan Office Plaza LLC
—
Deed Of Trust
related
$620,000 · North Vly Bk
—
—
Fredrick C Nicholson
—
Deed Of Trust
related
$564,000 · Bank Of Denver
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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