Back to Search
Property profile & analytics
FOR SALE
Garden apartment buildings
5101 E 8Th Ave Denver, CO 80220
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2614013
For Sale
1 / 19
$825,000
5101 E 8Th Ave, Denver, CO 80220
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1942
Construction
WOOD
Total area
2,299 SF
Lot
0.14 ac (6,070 SF)
Zoning code
E-MU-2.5
APN
06064-12-003-000
UPID
US13-2614013
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$415k
Blend (final)
Blend
$515k
Owner & transaction history
Alex L Brown · 6 yrs held
Alex L Brown
since 2019
4 recorded transactions
Zoning & alternative use
E-MU-2.5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$745,000
+21.0%
Commercial (general)
$745,000
+20.7%
Retail stores
$740,000
+19.9%
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%
$580,000
6.5%
$535,000
7%
$500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$615,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$745,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$740,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$590,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$224 / 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
$5,419
Tax year 2023
Assessed value
$69,930
Assessed 2023
Previous assessed
$47,870
+46.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$32,820
Assessed improvement
$37,110
Land market value
$544,900
Improvement market value
$553,900
Total market value
$1,098,800
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
For Sale
Year built
1942
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
2
Rooms
8
Bathrooms
2
Total area
2,299 SF
Lot
0.14 ac (6,070 SF)
Zoning code
E-MU-2.5
APN
06064-12-003-000
UPID
US13-2614013
Jurisdiction
DENVER
Zoning & alternative use
E-MU-2.5 · Denver, CO
Zoning E-MU-2.5 · permitted uses
E-MU-2.5 · 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
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$745,000
RETAIL STORES
Est. value
$740,000
MEDICAL BUILDING
Est. value
$700,000
OFFICE BUILDING
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS) Current
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
1942
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
2
Rooms
8
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Alex L Brown
Individual
Mailing address
5101 E 8TH AVE, DENVER, CO 80220-4310
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2019
—
Alex L Brown
First Eighth LLC
Quit Claim Deed
related
$521,500 · First Western Trust Bank
Jul 1, 2019
—
First Eighth LLC
Brown,alex
Grant Deed
related
—
Aug 28, 2015
$625,000
Alex L Brown
Wells,jacob C
Warranty Deed
$468,750 · Emc Hldgs
Sep 18, 2008
$295,000
Jacob C Wells
Thomas,elsie A
Warranty Deed
$280,766 · Everbank
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.
