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Property profile & analytics
OFF-MARKET
Estimated value
$9,845,000
High-rise multifamily apartments
6 Lincoln St Denver, CO 80203-3934
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0529985
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1964
Construction
WOOD
Total area
31,175 SF
Lot
0.42 ac (18,390 SF)
Zoning code
G-MU-5
APN
05104-07-017-000
UPID
US13-0529985
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
-
Lincoln Street Apartments Apartment Building
-
The Abraham Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.07M
CAP Approach
CAP
$7.28M
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$9.85M
Owner & transaction history
6 Lmc LLC · 4 yrs held
6 Lmc LLC
since 2021
Last sale
$11.1M
7 recorded transactions
Zoning & alternative use
G-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.8M
+22.0%
Auto repair, garage
$12.5M
+19.5%
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 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
$10,860,000
ML approach
$9,070,000
CAP Approach
CAP Return
Estimation
6%
$7,890,000
6.5%
$7,280,000
7%
$6,760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,455,000
Current use
RESTAURANT
$12,750,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,485,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,120,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,090,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$10,025,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$9,465,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$9.85M
Range $8.86M – $10.83M · ±10% · vs last sale $11.10M (Nov 4 2021)
Last sale anchor
$11.10M
Nov 4 2021
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
$316 / 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
$56,649
Tax year 2023
Assessed value
$731,090
Assessed 2023
Previous assessed
$504,020
+45.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$100,030
Assessed improvement
$631,060
Land market value
$1,548,000
Improvement market value
$9,418,800
Total market value
$10,966,800
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
HOT WATER
Stories
5
Units
39
Rooms
12
Bathrooms
1
Total area
31,175 SF
Lot
0.42 ac (18,390 SF)
Zoning code
G-MU-5
APN
05104-07-017-000
UPID
US13-0529985
Jurisdiction
DENVER
Zoning & alternative use
G-MU-5 · Denver, CO
Zoning G-MU-5 · permitted uses
G-MU-5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.5M
RESTAURANT
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$12.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$10.1M
RETAIL STORES
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1964
Construction
WOOD
Heating
HOT WATER
Stories
5
Units
39
Rooms
12
Bathrooms
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
6 Lmc LLC
Entity
Mailing address
500 EUDORA ST, DENVER, CO 80220-5129
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$11,100,000
6 Lmc LLC
6 Lincoln Property LLC
Special Warranty Deed
$9,232,500 · Ready Capital Corp
Feb 9, 2015
$7,400,000
6 Lincoln Property LLC
Dwellings LLC
Warranty Deed
$4,810,000 · Firstbank
Oct 15, 2013
$5,900,000
Dwellings LLC
6 Lincoln LLC
Warranty Deed
—
Nov 3, 2009
$2,450,000
6 Lincoln LLC
Bpma Apartments LLC
Special Warranty Deed
$1,600,000 · Arbor Commercial Funding LLC
Nov 30, 2001
—
Bpma Apartments LLC
Siemann,paul T
Quit Claim Deed
related
—
—
—
Bpma Apartments LLC
—
Deed Of Trust
related
$1,200,000 · Shames-makovsky Mortgage Co
—
—
Bpma Apartments LLC
—
Deed Of Trust
related
$1,200,000 · Shames-makovsky Mortgage Co
—
—
Bpma Apartments LLC
—
Deed Of Trust
related
$7,350,000 · North American Savings Bank
—
—
Bpma Apartments LLC
—
Deed Of Trust
related
$500,000 · Guaranty Bank & Trust Co
—
—
Bpma Apartments LLC
—
Deed Of Trust
related
$600,000 · Shames-makovsky Mortgage Co
—
—
Bpma Apartments LLC
—
Deed Of Trust
related
$250,000 · Shames-makovsky 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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