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Property profile & analytics
OFF-MARKET
Estimated value
$8,800,000
Auto shops
605 62nd Ave Denver, CO 80216-1022
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0320437
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1965
Total area
1,600 SF
Lot
8.7 ac (378,972 SF)
APN
R0121751
UPID
US13-0320437
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
-
5280 Mobile Maintenance Auto Repair Shop
-
5280 Waste Solutions - Dumpster Rental Waste Management Facility Hazardous Waste Disposal
-
Healthcare Medical Waste Services, LLC Waste Management Facility Hazardous Waste Disposal
-
Roll-Off Remedies, Inc Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.80M
Owner & transaction history
Ios Pvb 605 West 62nd Avenue LLC · 3 yrs held
Ios Pvb 605 West 62nd Avenue LLC
since 2022
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
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
$8,195,000
ML approach
$9,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±10% · vs last sale $9.00M (Dec 9 2022)
Last sale anchor
$9.00M
Dec 9 2022
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
$5,500 / 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
$63,185
Tax year 2023
Assessed value
$590,350
Assessed 2023
Previous assessed
$1,219,560
-51.6% YoY
Effective rate
10.70%
On assessed value
Assessed land
$475,800
Assessed improvement
$114,550
Land market value
$1,705,374
Improvement market value
$410,583
Total market value
$2,115,957
Applied tax rate
38.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1965
Heating
SPACE
Buildings
2
Stories
1
Total area
1,600 SF
Lot
8.7 ac (378,972 SF)
APN
R0121751
UPID
US13-0320437
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
Building & site characteristics
From public records
Year built
1965
Heating
SPACE
Stories
1
Buildings
2
Lot
8.7 ac
Current owner
From public records · entity-resolved
Ios Pvb 605 West 62nd Avenue LLC
Entity
Mailing address
3535 WAYZATA BLVD #205, MINNEAPOLIS, MN 55416
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$9,000,000
Ios Pvb 605 West 62nd Avenue LLC
West 62nd Ave LLC
Special Warranty Deed
—
Dec 6, 2022
$108,920
County Of Adams
West 62nd Ave LLC
Special Warranty Deed
—
Sep 29, 2022
—
West 62nd Ave LLC
Grand Junction Venture LLC
Special Warranty Deed
—
Jun 2, 2022
—
West 62nd Ave LLC
West 62nd Ave LLC
Intrafamily Transfer
related
—
Dec 16, 2019
—
62nd Ave LLC
—
Deed
related
$2,700,000 · Sunflower Bk
Dec 2, 2019
—
West 62nd Ave LLC
—
Deed
related
$400,000 · Sunflower Bank NA
Oct 30, 2018
—
West 62nd Ave LLC
—
Deed
related
$2,000,000 · Sunflower Bank NA
Aug 31, 2017
—
West 62nd Ave LLC
Alpha Industrial Lllp
Grant Deed
$1,700,000 · Artemis Realty Caital Advisors LLC
Feb 5, 2002
$950,000
Alpha Industrial Lllp
Five Park Development LLC
Grant Deed
$760,000 · Alpha Industrial Lllp
—
—
Alpha Industrial Lllp
—
Deed Of Trust
related
$612,216 · Wells Fargo Bank
—
—
62nd Ave LLC
—
Loan Modification
related
$2,700,000 · Sunflower Bk
—
—
Alpha Industrial Lllp
—
Deed Of Trust
related
$637,751 · Five Part Development LLC
—
—
Alpha Industrial Lllp
—
Deed Of Trust
related
$674,000 · Wells Fargo Bank
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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