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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Warehouses
5550 Evans Ave Denver, CO 80222-5228
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0407352
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
WOOD
Total area
10,502 SF
Lot
0.57 ac (24,820 SF)
Zoning code
S-CC-3
APN
06301-00-022-000
UPID
US13-0407352
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
-
Rack Attack Denver Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.82M
Owner & transaction history
Jason Street Holding Company LLC · 2 yrs held
Jason Street Holding Company LLC
since 2023
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
S-CC-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.8M
+66.7%
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
$1,340,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
$1,810,000
6.5%
$1,670,000
7%
$1,550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,685,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,810,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $2.30M (Sep 8 2023)
Last sale anchor
$2.30M
Sep 8 2023
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
$173 / 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
$42,452
Tax year 2023
Assessed value
$547,870
Assessed 2023
Previous assessed
$437,270
+25.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$268,620
Assessed improvement
$279,250
Land market value
$992,800
Improvement market value
$1,000,900
Total market value
$1,993,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Units
2
Total area
10,502 SF
Lot
0.57 ac (24,820 SF)
Zoning code
S-CC-3
APN
06301-00-022-000
UPID
US13-0407352
Jurisdiction
DENVER
Zoning & alternative use
S-CC-3 · Denver, CO
Zoning S-CC-3 · permitted uses
S-CC-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Jason Street Holding Company LLC
Entity
Mailing address
3280 N DOWNING ST STE B, DENVER, CO 80205-3997
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$2,300,000
Jason Street Holding Company LLC
Rackstar Investors LLC
Special Warranty Deed
$7,862,956 · Bellco Cu
Nov 23, 2015
$1,520,000
Rackstar Investors LLC
5550 LLC
Grant Deed
$1,216,000 · Keybank USA
Oct 14, 2010
$690,000
5550 LLC
Frenkel Holdings Lllp
Warranty Deed
$540,000 · Frenkel Holdings Lllp
Dec 15, 2000
—
Holdings LLP Frenkel
Frenkel,matylda
Quit Claim Deed
related
—
—
—
5550 LLC
—
Deed Of Trust
related
$439,404 · Bank Of Colorado
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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