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Property profile & analytics
OFF-MARKET
Estimated value
$49,920,000
High-rise multifamily apartments
5100 Leetsdale Dr Denver, CO 80246-8122
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0718730
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1974
Construction
WOOD
Total area
144,212 SF
Lot
4.03 ac (175,709 SF)
Zoning code
S-MU-3
APN
06181-00-004-000
UPID
US13-0718730
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
-
Casa de Don jhonatan Apartment Building
-
bangin4christmusic Recording Studio
-
The Atrii Apartments Apartment Complex
-
Male Strippers Unleashed Nightclub Bar & Pub
-
Design For Living Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.69M
Comparable Approach
Comparable
$51.95M
Blend (final)
Blend
$49.92M
Owner & transaction history
Atrii Nohr LLC · 4 yrs held
Atrii Nohr LLC
since 2021
Last sale
$49.6M
7 recorded transactions
Zoning & alternative use
S-MU-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$59.0M
+31.6%
Auto repair, garage
$57.8M
+28.9%
Neighborhood: shopping center
$46.8M
+4.4%
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
$48,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,495,000
6.5%
$33,685,000
7%
$31,280,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$44,830,000
Current use
RESTAURANT
$58,980,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$57,760,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$46,805,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$46,675,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$46,380,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$43,790,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$36,905,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$49.92M
Range $44.93M – $54.91M · ±10% · vs last sale $49.60M (Dec 7 2021)
Last sale anchor
$49.60M
Dec 7 2021
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
$346 / 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
$254,990
Tax year 2023
Assessed value
$3,290,790
Assessed 2023
Previous assessed
$2,095,080
+57.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$247,340
Assessed improvement
$3,043,450
Land market value
$3,746,600
Improvement market value
$45,424,600
Total market value
$49,171,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
4
Units
197
Rooms
64
Bathrooms
1
Total area
144,212 SF
Lot
4.03 ac (175,709 SF)
Zoning code
S-MU-3
APN
06181-00-004-000
UPID
US13-0718730
Jurisdiction
DENVER
Zoning & alternative use
S-MU-3 · Denver, CO
Zoning S-MU-3 · permitted uses
S-MU-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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$44.8M
RESTAURANT
Est. value
$59.0M
AUTO REPAIR, GARAGE
Est. value
$57.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$46.8M
COMMERCIAL (GENERAL)
Est. value
$46.7M
RETAIL STORES
Est. value
$46.4M
MEDICAL BUILDING
Est. value
$43.8M
OFFICE BUILDING
Est. value
$36.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
HOT WATER
Cooling
Yes
Stories
4
Units
197
Rooms
64
Bathrooms
1
Lot
4.03 ac
Current owner
From public records · entity-resolved
Atrii Nohr LLC
Entity
Mailing address
100 SHORELINE HWY STE B160, MILL VALLEY, CA 94941-6626
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
5100 Leetsdale Owner LLC
—
Deed
related
$26,000,000 · Brsp Mortgage Finance LLC
Dec 7, 2021
—
Atrii Nohr LLC
5100 Leetsdale LLC
Special Warranty Deed
$40,050,000 · Brightspire Credit 1 LLC
Aug 31, 2017
—
5100 Leetsdale LLC
—
Deed
related
$22,575,000 · Cbre Cap Markets
Jun 18, 2012
$14,300,000
5100 Leetsdale LLC
R Investments-courtyard LLC
Warranty Deed
$11,440,000 · Private Lender
Mar 16, 2011
$9,100,000
R Investments Courtyard LLC
Courtyard Ltd
Special Warranty Deed
$8,000,000 · Affordable Housing Portfolio IV LLC
—
—
R Investments-courtyard LLC
—
Deed Of Trust
related
$350,000 · Northview Investments LLC
—
—
5100 Leetsdale LLC
—
Deed Of Trust
related
$2,050,000 · Walker & Dunlop
—
—
5100 Leetsdale LLC
—
Deed Of Trust
related
$22,575,000 · Cbre Cap Markets
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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