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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Office buildings
5898 Rapp St Littleton, CO 80120-1925
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2309181
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
FRAME
Total area
5,168 SF
Lot
0.32 ac (13,939 SF)
Zoning code
PUD
APN
2077-17-4-18-023
UPID
US13-2309181
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
-
LCI Language Centers - Denver Language School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.95M
Owner & transaction history
Rapp Street LLC · 2 yrs held
Rapp Street LLC
since 2024
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
PUD · Littleton, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+136.4%
Auto repair, garage
$2.8M
+125.5%
Neighborhood: shopping center
$1.8M
+44.7%
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 Littleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Littleton 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
$1,950,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,235,000
Current use
RESTAURANT
$2,925,000
Change: +136% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,790,000
Change: +125% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,790,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$1,535,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,500,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$1,380,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.95M (May 30 2024)
Last sale anchor
$1.95M
May 30 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
$377 / 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
$30,222
Tax year 2023
Assessed value
$316,051
Assessed 2023
Previous assessed
$316,051
+0.0% YoY
Effective rate
9.56%
On assessed value
Land market value
$634,725
Improvement market value
$528,075
Total market value
$1,162,800
Applied tax rate
900.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
NONE
Stories
2
Bathrooms
4
Total area
5,168 SF
Lot
0.32 ac (13,939 SF)
Zoning code
PUD
APN
2077-17-4-18-023
UPID
US13-2309181
Jurisdiction
ARAPAHOE
Zoning & alternative use
PUD · Littleton, COZoning PUD · permitted uses
PUD · Littleton, CO
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
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1984
Construction
FRAME
Heating
NONE
Stories
2
Bathrooms
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Rapp Street LLC
Entity
Mailing address
2679 W MAIN ST, LITTLETON, CO 80120-1950
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
$1,950,000
Rapp Street LLC
Apollo Properties Of Colorado LLC
Special Warranty Deed
$1,350,000 · Redstone Bank
Dec 7, 2016
$920,000
Apollo Properties Of Colorado LLC
Sato Family Trust
Warranty Deed
$40,150 · Sato Family Trust (pt)
Dec 7, 2016
—
Sato Family Trust
Sato,james F & Jessie T
Correction Deed
related
—
Jun 12, 2012
—
Sato Family Trust
Sato,james F & Jessie T
Quit Claim Deed
related
—
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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