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Property profile & analytics
FOR LEASE
Office buildings
511 16Th St Denver, CO 80202
Entity Owned
22-yr Hold
Free & Clear
Property ID
US13-0464349
For Lease
1 / 2
$19 SF/Yr
511 16Th St, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1945
Construction
CONCRETE
Total area
105,182 SF
Lot
0.29 ac (12,662 SF)
Zoning code
D-C
APN
02346-11-006-000
UPID
US13-0464349
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
-
Colorado Forum Social Service Agency Charitable Organization
-
The Legal Defense Group Law Firm
-
Kittredge Building Tour Operator
-
Goldbug Clothing & Fashion Store
-
Highlands Vista Group Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.58M
Owner & transaction history
Par Equities I INC · 22 yrs held
Par Equities I INC
since 2004
1 recorded transaction
Zoning & alternative use
D-C · 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
$148 / 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
$342,522
Tax year 2023
Assessed value
$4,420,440
Assessed 2023
Previous assessed
$4,930,000
-10.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,228,070
Assessed improvement
$3,192,370
Land market value
$4,431,700
Improvement market value
$11,442,200
Total market value
$15,873,900
Applied tax rate
320.0000
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1945
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
7
Units
5
Total area
105,182 SF
Lot
0.29 ac (12,662 SF)
Zoning code
D-C
APN
02346-11-006-000
UPID
US13-0464349
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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
1945
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
7
Units
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
Par Equities I INC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 1799, DENVER, CO 80201-1799
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2004
—
Par Equities I INC
Kittredge Properties Ltd
Warranty Deed
related
—
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?”
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