Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Warehouses
60 Lipan St Denver, CO 80223-1526
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0700020
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
WOOD
Total area
4,950 SF
Lot
0.17 ac (7,582 SF)
Zoning code
I-A
APN
05096-04-038-000
UPID
US13-0700020
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
-
Tasco Auto Color Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$1.10M
Owner & transaction history
Twf Properties LLC · 1 yrs held
Twf Properties LLC
since 2024
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. I-A Light Industrial District This district is intended to be an employment area containing offices, business and light industrial uses that are generally compatible with adjacent Residential or Mixed Use Commercial Zone Districts. No new residential uses may be established in the I-A zone district in order to promote a stable employment base for the city…
Zone name
Light Industrial Context District
General category
MIXED_USE
Zone area
2,296.60 ac
Source
Denver Zoning Code
Top alternative use upside
Neighborhood: shopping center
$1.6M
+103.2%
Commercial (general)
$1.6M
+102.7%
Retail stores
$1.6M
+101.4%
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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$790,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,605,000
Change: +103% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,600,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$1,590,000
Change: +101% · Conversion: Moderate
MEDICAL BUILDING
$1,505,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$1,455,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Oct 31 2024)
Last sale anchor
$1.10M
Oct 31 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
$222 / 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
$19,078
Tax year 2023
Assessed value
$246,210
Assessed 2023
Previous assessed
$219,470
+12.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$86,820
Assessed improvement
$159,390
Land market value
$341,200
Improvement market value
$571,300
Total market value
$912,500
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
1966
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
6
Total area
4,950 SF
Lot
0.17 ac (7,582 SF)
Zoning code
I-A
APN
05096-04-038-000
UPID
US13-0700020
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, COZoning I-A · permitted uses
I-A · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B. I-A Light Industrial District This district is intended to be an employment area containing offices, business and light industrial uses that are generally compatible with adjacent Residential or Mixed Use Commercial Zone Districts. No new residential uses may be established in the I-A zone district in order to promote a stable employment base for the city. Accordingly, I-A zoned areas serve as a land use buffer between more residential areas and more intensive industrial areas, which may be zoned I-B General Industrial. All uses conducted in this zone district must be enclosed within a structure, unless specifically allowed to operate out of doors.
Zone name
Light Industrial Context District
General category
MIXED_USE
Zone area
2,296.60 ac
Source
Denver Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1966
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Twf Properties LLC
Entity
Mailing address
60 LIPAN ST, DENVER, CO 80223-1526
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$1,100,000
Twf Properties LLC
60 Lipan LLC
Special Warranty Deed
$880,000 · Vantage Bank Texas
Sep 15, 2023
$1,210,000
Ahb Two LLC
Fetter Revocable Trust
Warranty Deed
—
Dec 5, 2016
—
60 Lipan LLC
Harder,robert JR
Quit Claim Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 60 Lipan St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
