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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Garden apartment buildings
501 7th Ave 519 Denver, CO 80204-4520
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0582409
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1885
Construction
WOOD
Total area
9,119 SF
Lot
0.22 ac (9,375 SF)
Zoning code
U-RH-3A
APN
05036-17-018-000
UPID
US13-0582409
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
-
El hogar de pony Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Art District Housing Group LLC · 9 yrs held
Art District Housing Group LLC
since 2016
6 recorded transactions
Zoning & alternative use
U-RH-3A · 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
$146 / 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
$9,039
Tax year 2023
Assessed value
$100,240
Assessed 2023
Previous assessed
$105,490
-5.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$43,120
Assessed improvement
$57,120
Land market value
$698,600
Improvement market value
$852,600
Total market value
$1,551,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1885
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
7
Rooms
42
Bathrooms
1
Total area
9,119 SF
Lot
0.22 ac (9,375 SF)
Zoning code
U-RH-3A
APN
05036-17-018-000
UPID
US13-0582409
Jurisdiction
DENVER
Zoning & alternative use
U-RH-3A · Denver, CO
Zoning U-RH-3A · permitted uses
U-RH-3A · 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
1885
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
7
Rooms
42
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Art District Housing Group LLC
Entity
Mailing address
7221 S PONTIAC WAY, CENTENNIAL, CO 80112-1633
Ownership since
2016
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
Nov 8, 2018
—
Art District Housing Group LLC
—
Loan Modification
related
$2,800,000 · Citywide Bk
Jul 28, 2017
—
Art District Housing Group LLC
—
Loan Modification
related
$2,219,269 · Citywide Bk
Jul 21, 2017
—
Art District Housing Group LLC
—
Loan Modification
related
$2,219,269 · Citywide Bk
Nov 8, 2016
$2,650,000
Art District Housing Group LLC
La Alma Family Homes INC
Grant Deed
$2,012,505 · Citywide Bk
Dec 11, 2007
—
Laalma Family Homes INC
Laalma Homes
Quit Claim Deed
$685,000 · First National Bank
—
—
La Alma Family Homes INC
—
Deed Of Trust
related
$675,000 · Steele Street State Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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