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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Garden apartment buildings
54 Lowell Blvd Denver, CO 80219-1949
Entity Owned
~
Est. High Equity
Property ID
US13-1217599
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2007
Construction
WOOD
Total area
3,200 SF
Lot
0.14 ac (6,250 SF)
Zoning code
E-SU-D1X
APN
05086-09-008-000
UPID
US13-1217599
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
$660k
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$665k
Owner & transaction history
Owen LLC
Owen LLC
since 2025
Last sale
$670,000
7 recorded transactions
Zoning & alternative use
E-SU-D1X · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+34.7%
Commercial (general)
$1.0M
+34.4%
Medical building
$970,000
+26.1%
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%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,035,000
Change: +34% · Conversion: Moderate
MEDICAL BUILDING
$970,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$820,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$770,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $670k (Aug 4 2025)
Last sale anchor
$670k
Aug 4 2025
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
$208 / 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
$4,510
Tax year 2023
Assessed value
$58,210
Assessed 2023
Previous assessed
$53,000
+9.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$6,780
Assessed improvement
$51,430
Land market value
$156,200
Improvement market value
$767,600
Total market value
$923,800
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
Off-Market
Year built
2007
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
2
Rooms
10
Bathrooms
2
Total area
3,200 SF
Lot
0.14 ac (6,250 SF)
Zoning code
E-SU-D1X
APN
05086-09-008-000
UPID
US13-1217599
Jurisdiction
DENVER
Zoning & alternative use
E-SU-D1X · Denver, CO
Zoning E-SU-D1X · permitted uses
E-SU-D1X · 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
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$970,000
OFFICE BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2007
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
2
Rooms
10
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Owen LLC
Entity
Mailing address
505 HARLAN ST, LAKEWOOD, CO 80226-1863
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
$670,000
Owen LLC
54 & 56 South Lowell LLC
Warranty Deed
$536,000 · Rflf 4 LLC
Jul 27, 2020
—
54 & 56 South Lowell LLC
James Adams
Quit Claim Deed
related
—
Nov 10, 2010
—
7400 Acceptance LLC
Deputy Public Te Of Denver Cnty
Trustees Deed
related
—
Nov 1, 2010
$207,035
Miguel Segovia
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$231,000
Apr 23, 2010
—
Michael R Mccormick
—
Trustees Deed
related
$40,000 · Chad Krull
Apr 3, 2008
—
Michael Mccormick
Segovia,miguel
Quit Claim Deed
related
$231,000 · Merchants Mortgage & Trust
Mar 10, 2008
—
Michael Mccormick
Segovia,miguel
Quit Claim Deed
related
—
Apr 20, 2007
—
Miguel Segovia
—
Trustees Deed
related
$231,000 · Merchants Mortgage & Trust
Apr 5, 2005
$91,000
Miguel Segovia
Ridgemoor Realty INC
Warranty Deed
$80,000 · V R M Capital Corp
Aug 31, 2004
$90,000
Ridgemoor Realty INC
Bennett,gertrude I
Warranty Deed
$81,000 · Vectra Bank Colorado NA
—
—
James Adams
—
Deed Of Trust
related
$195,800 · Universal Lending Corp
—
—
James Adams
—
Deed Of Trust
related
$197,179 · Firstbank NA
—
—
Michael Mccormick
—
Deed Of Trust
related
$21,865 · First Bank
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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