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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Specialty properties
5023 Leetsdale Dr Denver, CO 80246-8113
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0983496
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1997
Construction
WOOD
Total area
5,416 SF
Lot
0.55 ac (24,028 SF)
Zoning code
B-4
APN
06181-23-018-000
UPID
US13-0983496
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
-
Belcaro Animal Hospital Veterinary Clinic
-
Mike Herman, DVM Veterinary Clinic
-
Bechtold Paul J DVM Veterinary Clinic
-
Otero Anna M DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$545k
Owner & transaction history
East Leetsdale LLC · 7 yrs held
East Leetsdale LLC
since 2019
2 recorded transactions
Zoning & alternative use
B-4 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$740,000
+55.9%
Office building
$730,000
+53.9%
Restaurant
$705,000
+49.5%
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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$475,000
Current use
AUTO REPAIR, GARAGE
$740,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +54% · Conversion: Difficult
RESTAURANT
$705,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$695,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$600,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$460,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$101 / 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
$36,464
Tax year 2023
Assessed value
$470,590
Assessed 2023
Previous assessed
$391,500
+20.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$192,730
Assessed improvement
$277,860
Land market value
$720,800
Improvement market value
$995,900
Total market value
$1,716,700
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
7
Total area
5,416 SF
Lot
0.55 ac (24,028 SF)
Zoning code
B-4
APN
06181-23-018-000
UPID
US13-0983496
Jurisdiction
DENVER
Zoning & alternative use
B-4 · Denver, CO
Zoning B-4 · permitted uses
B-4 · 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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$740,000
OFFICE BUILDING
Est. value
$730,000
RESTAURANT
Est. value
$705,000
INDUSTRIAL (GENERAL)
Est. value
$695,000
RETAIL STORES
Est. value
$600,000
MEDICAL BUILDING
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$460,000
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
7
Lot
0.55 ac
Current owner
From public records · entity-resolved
East Leetsdale LLC
Entity
Mailing address
5023 LEETSDALE DR, DENVER, CO 80246-8113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2019
—
East Leetsdale LLC
—
Deed
related
$740,953 · Citywide Banks
—
—
East Leetsdale LLC
—
Deed Of Trust
related
$606,259 · Citywide Banks
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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