New search
Property profile & analytics
FOR LEASE
Medical Office Space
4999 E Kentucky Ave, Denver, CO 80246
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-2484023
For Lease
1 / 5
$16 SF/Yr
4999 E Kentucky Ave, Denver, CO 80246
View Listing →
Property summary
AI-generated overview
This exceptional 1,800 square foot medical office space is available for lease at 4999 E Kentucky Ave, Denver, CO 80246. Located in the Glendale submarket of Denver County, this space is situated within a larger, two-story Class B medical office building totaling 18,252 square feet. The unit boasts a full west-facing wall of windows, providing abundant natural light. The building features a convenient location with easy access and ample on-site parking for employees and visitors. The space is currently in gray shell condition, offering flexibility for tenant build-out. The building itself presents a professional image, with a stucco exterior and a peaceful, well-maintained foyer. The building is multi-tenant and includes elevators. This prime location in the thriving Glendale submarket offers excellent visibility and accessibility. The space is ideal for a variety of medical practices seeking a modern, well-appointed office in a desirable Denver location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
19,073 SF
Lot
0.89 ac (38,976 SF)
Zoning code
S-MX-3
APN
06184-00-016-000
UPID
US13-2484023
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
-
Mark Patron Ophthalmologist
-
Swanson Channing OD Physician
-
Mary Catherine W Husney Pediatrician Physician
-
Kadler Karen M MD Ophthalmologist
-
Kent Holly D Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Optical Capital LLC · 9 yrs held
Optical Capital LLC
since 2017
5 recorded transactions
Zoning & alternative use
S-MX-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$136 / 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
$73,829
Tax year 2023
Assessed value
$952,810
Assessed 2023
Previous assessed
$1,091,330
-12.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$209,110
Assessed improvement
$743,700
Land market value
$779,500
Improvement market value
$2,665,600
Total market value
$3,445,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1985
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
5
Total area
19,073 SF
Lot
0.89 ac (38,976 SF)
Zoning code
S-MX-3
APN
06184-00-016-000
UPID
US13-2484023
Jurisdiction
DENVER
Zoning & alternative use
S-MX-3 · Denver, CO
Zoning S-MX-3 · permitted uses
S-MX-3 · 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.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
5
Lot
0.89 ac
Current owner
From public records · entity-resolved
Optical Capital LLC
Entity
Mailing address
2696 S COLORADO BLVD STE #320, DENVER, CO 80222-5938
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
—
Rhonda M Redgate
—
Deed
related
—
Jul 6, 2017
$4,750,000
Optical Capital LLC
Jaman Solutions LLC
Special Warranty Deed
$4,750,000 · Colorado Optic LLC
Apr 2, 2015
$4,600,000
Jaman Solutions LLC
Ccec LLC
Special Warranty Deed
$3,680,000 · First Citizens Bank & Trust Co
Apr 29, 2008
$3,600,000
Ccec LLC
Cherry Creek Eye Center LLP
Grant Deed
$2,240,000 · Firstbank North
—
—
Rhonda M Redgate
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
