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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Office Spaces
507 Lincoln St 2 Denver, CO 80203-3400
Entity Owned
11-yr Hold
Free & Clear
Property ID
US13-0055300
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2008
Construction
CONCRETE
Total area
8,683 SF
Lot
0.06 ac (2,431 SF)
Zoning code
C-MS-8
APN
05101-02-022-022
UPID
US13-0055300
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
-
Central Family Dentistry - Taylor Cook DDS Dental Office
-
Dr. Taylor Cook Dental Office
-
Semion Barbershop For All - Lincoln Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Pch Rp2 LLC|pche Rp3 LLC · 11 yrs held
Pch Rp2 LLC|pche Rp3 LLC
since 2015
5 recorded transactions
Zoning & alternative use
C-MS-8 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,220,000
Current use
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±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
$171 / 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
$57,542
Tax year 2023
Assessed value
$742,610
Assessed 2023
Previous assessed
$696,000
+6.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$82,050
Assessed improvement
$660,560
Land market value
$324,100
Improvement market value
$2,367,600
Total market value
$2,691,700
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
3
Total area
8,683 SF
Lot
0.06 ac (2,431 SF)
Zoning code
C-MS-8
APN
05101-02-022-022
UPID
US13-0055300
Jurisdiction
DENVER
Zoning & alternative use
C-MS-8 · Denver, CO
Zoning C-MS-8 · permitted uses
C-MS-8 · 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
OFFICE BUILDING Current
Est. value
$2.2M
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
2008
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Pch Rp2 LLC|pche Rp3 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
30050 CHAGRIN BLVD STE #360, CLEVELAND, OH 44124-5774
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2015
$2,500,000
Pch Rp2 LLC|pche Rp3 LLC
Madrona Lincoln Terrace Coml
Grant Deed
—
Jan 2, 2013
$1,700,000
Madrona Lincoln Terrace Coml
Lincoln Commercial Assocs LLC
Grant Deed
related
$1,100,000 · Key Bank & Trust
Feb 13, 2009
—
Lincoln Commercial Assocs LLC
Lincoln Housing Partners Lllp
Quit Claim Deed
related
—
Dec 5, 2006
$1,516,000
Lincoln Housing Partners Lllp
Julander,weldon C
Grant Deed
$1,648,075 · Wachovia Bank NA
—
—
Lincoln Housing Partners Lllp
—
Deed Of Trust
related
$750,000 · City & County 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.
Try Rey
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