New search
Property profile & analytics
OFF-MARKET
Estimated value
$56,130,000
High-rise multifamily apartments
550 Park W Ave Denver, CO 80205-3639
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2231165
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
CONCRETE
Total area
276,338 SF
Lot
1.15 ac (50,019 SF)
Zoning code
D-AS-12+
APN
02341-15-064-000
UPID
US13-2231165
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Park Avenue & Welton Suburban Train Line
-
Arapahoe Square Apartments Apartment Complex Apartment Building
-
Peak Fitness Service Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$64.55M
Comparable Approach
Comparable
$47.06M
Blend (final)
Blend
$56.13M
Owner & transaction history
550 Park Ave Owner LLC · 4 yrs held
550 Park Ave Owner LLC
since 2022
3 recorded transactions
Zoning & alternative use
D-AS-12+ · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$89.7M
+6.5%
Commercial (general)
$89.4M
+6.2%
Retail stores
$88.9M
+5.5%
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%
$69,930,000
6.5%
$64,550,000
7%
$59,940,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$84,240,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$89,690,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$89,440,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$88,870,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$84,385,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$56.13M
Range $50.52M – $61.74M · ±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
$203 / 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
$803,997
Tax year 2023
Assessed value
$10,376,030
Assessed 2023
Previous assessed
$8,690,400
+19.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,169,260
Assessed improvement
$9,206,770
Land market value
$17,506,700
Improvement market value
$137,414,500
Total market value
$154,921,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
13
Units
355
Rooms
1027
Bathrooms
1
Total area
276,338 SF
Lot
1.15 ac (50,019 SF)
Zoning code
D-AS-12+
APN
02341-15-064-000
UPID
US13-2231165
Jurisdiction
DENVER
Zoning & alternative use
D-AS-12+ · Denver, CO
Zoning D-AS-12+ · permitted uses
D-AS-12+ · 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
$84.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$89.7M
COMMERCIAL (GENERAL)
Est. value
$89.4M
RETAIL STORES
Est. value
$88.9M
OFFICE BUILDING
Est. value
$84.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2016
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
13
Buildings
2
Units
355
Rooms
1027
Bathrooms
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
550 Park Ave Owner LLC
Entity
Mailing address
345 PARK AVE, NEW YORK, NY 10154-0004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
—
550 Park Ave Owner LLC
—
Deed
related
$550,600,000 · Morgan Stanley Bank NA
Jul 16, 2020
—
Arapahoe Square Prop Owner LLC
—
Deed
related
$70,000,000 · Invesco Cmi Invs LP
—
—
Arapahoe Square Prop Owner LLC
—
Deed Of Trust
related
$70,000,000 · Invesco Cmi Invs LP
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?”
You own 550 Park W Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
