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Property profile & analytics
OFF-MARKET
Estimated value
$25,500,000
Strip malls
5505 20th Ave Edgewater, CO 80214-1265
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-0020642
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Construction
STEEL FRAME
Total area
49,196 SF
Lot
6.25 ac (272,350 SF)
APN
39-361-18-030
UPID
US13-0020642
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$25.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.21M
Blend (final)
Blend
$25.50M
Owner & transaction history
Lcp Edgewater LLC · 7 yrs held
Lcp Edgewater LLC
since 2018
Last sale
$25.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.7M
+29.5%
Restaurant
$20.1M
+26.0%
Auto repair, garage
$19.7M
+23.4%
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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$25,500,000
ML approach
$25,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,965,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,680,000
Change: +30% · Conversion: Difficult
RESTAURANT
$20,120,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,705,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,925,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$25.50M
Range $22.95M – $28.05M · ±10% · vs last sale $25.50M (Dec 23 2024)
Last sale anchor
$25.50M
Dec 23 2024
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
$518 / 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
$338,121
Tax year 2023
Assessed value
$3,963,391
Assessed 2023
Previous assessed
$3,963,391
+0.0% YoY
Effective rate
8.53%
On assessed value
Assessed land
$949,821
Assessed improvement
$3,013,570
Land market value
$3,404,375
Improvement market value
$10,831,325
Total market value
$14,235,700
Applied tax rate
4,015.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
4
Units
1
Total area
49,196 SF
Lot
6.25 ac (272,350 SF)
APN
39-361-18-030
UPID
US13-0020642
Jurisdiction
JEFFERSON
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.7M
RESTAURANT
Est. value
$20.1M
AUTO REPAIR, GARAGE
Est. value
$19.7M
COMMERCIAL (GENERAL)
Est. value
$15.9M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1978
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Buildings
4
Units
1
Lot
6.25 ac
Current owner
From public records · entity-resolved
Lcp Edgewater LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2150 W 29TH AVE STE #410, DENVER, CO 80211-3864
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2018
$5,800,000
Lcp Edgewater LLC
City Of Edgewater
Warranty Deed
—
Sep 13, 2018
—
City Of Edgewater
Edgewater Redev Authority
Quit Claim Deed
related
—
Oct 2, 2012
—
Edgewater Redev Authority
Tran,tienanh N & Kieunghi T
Quit Claim Deed
related
—
Aug 6, 2010
—
City Of Edgewater
Ice Ranch At Edgewater LLC
Grant Deed
related
—
Jun 11, 2010
—
Truong,paul T
Vannguyen,khai
Quit Claim Deed
related
—
Jun 11, 2010
$700,000
Tran,tienanh N & Kieunghi T
Truong,paul T
Warranty Deed
$250,000 · Paul T Truong
Aug 5, 2008
—
Ice Ranch At Edgewater LLC
City Of Edgewater
Grant Deed
related
—
—
—
Lcp Edgewater LLC
—
Deed Of Trust
related
$15,991,045 · Independent Bk
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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