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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Showrooms
5203 Lincoln St Denver, CO 80216-1930
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-2689506
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1971
Total area
4,736 SF
Lot
0.44 ac (19,166 SF)
APN
R0104094
UPID
US13-2689506
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
-
ERL Wholesale Big Box & Wholesale Store
-
Two Men With Big Hearts Moving And Storage Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$787k
Blend (final)
Blend
$1.22M
Owner & transaction history
5203 LLC · 5 yrs held
5203 LLC
since 2021
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+288.5%
Neighborhood: shopping center
$1.5M
+214.8%
Retail stores
$1.5M
+211.9%
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
$1,255,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$955,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,895,000
Change: +288% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,535,000
Change: +215% · Conversion: Difficult
RETAIL STORES
$1,525,000
Change: +212% · Conversion: Easy
MEDICAL BUILDING
$1,440,000
Change: +195% · Conversion: Easy
OFFICE BUILDING
$1,210,000
Change: +148% · Conversion: Easy
WAREHOUSE, STORAGE
$785,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.20M (Jun 17 2021)
Last sale anchor
$1.20M
Jun 17 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
$258 / 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
$39,079
Tax year 2023
Assessed value
$357,770
Assessed 2023
Previous assessed
$178,630
+100.3% YoY
Effective rate
10.92%
On assessed value
Assessed land
$46,510
Assessed improvement
$311,260
Land market value
$166,688
Improvement market value
$1,115,613
Total market value
$1,282,301
Applied tax rate
37.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1971
Heating
SPACE
Stories
1
Total area
4,736 SF
Lot
0.44 ac (19,166 SF)
APN
R0104094
UPID
US13-2689506
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$785,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1971
Heating
SPACE
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
5203 LLC
Entity
Mailing address
2253 EDGEWOOD DR, BOULDER, CO 80304-2750
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
—
5203 LLC
—
Deed
related
$511,000 · B Side Capital
Jun 17, 2021
$1,200,000
5203 LLC
Lori K Kennedy
Special Warranty Deed
$1,131,300 · First National Bank Of Omaha
Jun 14, 2004
—
Vladimer Honchar
Grenfell,richard A Est
Grant Deed
related
—
Jun 9, 2004
$393,000
Lori K Corless-kennedy
Honchar,vladimer
Grant Deed
$296,000 · Colorado First Commercial Mtg
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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