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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Residential income homes
5715 62nd Ave Commerce City, CO 80022-5709
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2439800
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1962
Construction
FRAME
Total area
2,912 SF
Lot
0.17 ac (7,405 SF)
APN
R0091610
UPID
US13-2439800
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
$840k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$840k
Owner & transaction history
David Ibarra JR · 2 yrs held
David Ibarra JR
since 2024
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+9.7%
Neighborhood: shopping center
$945,000
+4.4%
Retail stores
$935,000
+3.5%
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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
$840,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$905,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$885,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$745,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $840k (Mar 28 2024)
Last sale anchor
$840k
Mar 28 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
$288 / 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
$4,788
Tax year 2023
Assessed value
$53,780
Assessed 2023
Previous assessed
$53,780
+0.0% YoY
Effective rate
8.90%
On assessed value
Assessed land
$3,080
Assessed improvement
$50,700
Land market value
$45,600
Improvement market value
$749,400
Total market value
$795,000
Applied tax rate
250.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Rooms
16
Bathrooms
4
Total area
2,912 SF
Lot
0.17 ac (7,405 SF)
APN
R0091610
UPID
US13-2439800
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
RETAIL STORES
Est. value
$935,000
MEDICAL BUILDING
Est. value
$885,000
OFFICE BUILDING
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1962
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
David Ibarra JR
Individual
Mailing address
139 S KNOX CT, DENVER, CO 80219-1929
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
$840,000
David Ibarra JR
Pedro Flores Bustos
Special Warranty Deed
$756,000 · Nexera Holding LLC
May 1, 2020
$660,000
Pedro F Bustos
Jacob Himmler
Warranty Deed
$520,000 · Firstbank
May 1, 2020
—
Jacob Himmler
5715 E 62nd Ave Trust
Correction Deed
related
—
Sep 24, 2018
—
Jacob Himmler
Andrew W Laux
Quit Claim Deed
related
$379,750 · Castle & Cooke Mortgage LLC
Jul 7, 2017
—
5715 E 62nd Ave Trust
Himmler,jacob
Warranty Deed
—
Mar 27, 2015
$373,555
Jacob Himmler
5715 E 62nd Ave LLC
Warranty Deed
$342,082 · Universal American Mortgage Company
Mar 30, 2009
—
5715 E 62nd Ave LLC
Ponderosa Residential Trust
Quit Claim Deed
related
—
Dec 24, 2008
$167,814
Ponderosa Residential Trust
Hud-housing Of Urban Dev
Grant Deed
—
Nov 14, 2008
—
Hud-housing Of Urban Dev
Public Trustee Of Adams County
Trustees Deed
related
—
May 23, 2007
$330,564
Jerry Dieter
Public Trustee Of Adams County
Certificate Of Purchase
$322,927
Jun 28, 2004
$334,900
Jerry Dieter
Mathews,kevin J
Grant Deed
$322,927 · Liberty Home Loans INC
May 9, 2002
$290,000
Kevin J Mathews
Foster,todd J & Joni L
Grant Deed
$232,000 · Greenpoint Mortgage Funding
Oct 12, 1999
$262,500
Todd J Foster
Nicstrec LLC
Grant Deed
$210,000 · Washington Mutual Fsb
Dec 21, 1998
$186,000
Nicstrec LLC
Calahan,michael W & Christine M
Grant Deed
$125,000 · PC Financial Ltd
—
—
Kevin J Mathews
—
Deed Of Trust
related
$29,000 · Fieldstone Mortgage Co
—
—
Kevin J Mathews
—
Deed Of Trust
related
$232,000 · Fieldstone Mortgage Co
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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