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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Medical Office Space
5800 Evans Ave Denver, CO 80222-5311
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-2837277
Property summary
AI-generated overview
This 1,508-square-foot medical office suite, located at 5800 E Evans Ave, Denver, CO 80222 (near Holly and Evans), is ready for immediate occupancy. Previously a dental laboratory for over a decade, Suite 201 is situated in a two-story, 12,583-square-foot Class D building constructed in 1969. The space features a partially built-out layout ideal for dental or other medical practices, including partitioned offices, secure storage, and wheelchair accessibility. The suite benefits from central air and heating, full carpeting, and ample parking with 70 spaces available. Landlord is offering a competitive tenant improvement allowance with a 10-year lease. Utilities, building services, and property expenses are included in the lease rate. The building has one elevator and is located in the Southeast Denver submarket of Denver County. This property offers a unique opportunity for medical professionals seeking a well-appointed space with convenient amenities and a desirable location. The building has a 3.0 FAR.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
STEEL FRAME
Total area
13,587 SF
Lot
0.96 ac (41,904 SF)
Zoning code
I-MX-3
APN
06292-12-016-000
UPID
US13-2837277
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
-
ICDrip Gym & Fitness Center Alternative Medicine Practice
-
Dr. William Alford Physician
-
Blackhawk Autos Car Dealership
-
Bio Matrix Dental Lab Inc Dental Office
-
Innovative Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Rajiv Bansal · 5 yrs held
Rajiv Bansal
since 2020
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
I-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,525,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±10% · vs last sale $1.44M (Oct 22 2020)
Last sale anchor
$1.44M
Oct 22 2020
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
$109 / 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
$33,372
Tax year 2023
Assessed value
$430,690
Assessed 2023
Previous assessed
$427,920
+0.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$225,460
Assessed improvement
$205,230
Land market value
$838,100
Improvement market value
$735,600
Total market value
$1,573,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
9
Total area
13,587 SF
Lot
0.96 ac (41,904 SF)
Zoning code
I-MX-3
APN
06292-12-016-000
UPID
US13-2837277
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, CO
Zoning I-MX-3 · permitted uses
I-MX-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.
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
9
Lot
0.96 ac
Current owner
From public records · entity-resolved
Rajiv Bansal
Individual
Mailing address
5800 E EVANS AVE, DENVER, CO 80222-5311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2020
—
Rajiv Bansal
Sirisha Dinavahi
Quit Claim Deed
related
—
Oct 22, 2020
$1,440,000
5800 Evans LLC
Rajiv Bansal
Special Warranty Deed
$1,232,500 · First Citizens Bank & Trust Co
Apr 4, 2016
$1,275,000
Rajiv Bansal
Cornerstone 5800 LLC
Special Warranty Deed
$862,500 · Great Western Bank
Sep 13, 2007
$925,000
Cornerstone 5800 LLC
Dgh Properties Lllp
Special Warranty Deed
$558,500 · Wells Fargo Bank NA
Aug 31, 1999
$650,000
Dgh Properties LLP
Evans East Professional Assoc
Grant Deed
$487,500 · Seller
—
—
Cornerstone 5800 LLC
—
Deed Of Trust
related
$462,000 · Front Range Regular Economic
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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