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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Strip malls
6107 22nd Ave 6115 Denver, CO 80207-3927
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0249137
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
WOOD
Total area
13,570 SF
Lot
0.42 ac (18,300 SF)
Zoning code
U-MX-2
APN
01322-16-005-000
UPID
US13-0249137
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
-
Bang Salon At Park Hill Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
Pappas-alstad Ptshp Kearney St · 9 yrs held
Pappas-alstad Ptshp Kearney St
since 2016
7 recorded transactions
Zoning & alternative use
U-MX-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,315,000
6.5%
$3,060,000
7%
$2,845,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,120,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10%
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
$183 / 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
$80,782
Tax year 2023
Assessed value
$1,042,540
Assessed 2023
Previous assessed
$561,790
+85.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$195,860
Assessed improvement
$846,680
Land market value
$732,000
Improvement market value
$3,034,700
Total market value
$3,766,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Units
5
Bathrooms
0
Total area
13,570 SF
Lot
0.42 ac (18,300 SF)
Zoning code
U-MX-2
APN
01322-16-005-000
UPID
US13-0249137
Jurisdiction
DENVER
Zoning & alternative use
U-MX-2 · Denver, CO
Zoning U-MX-2 · permitted uses
U-MX-2 · 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
MEDICAL BUILDING
Est. value
$4.1M
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
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
5
Bathrooms
0
Lot
0.42 ac
Current owner
From public records · entity-resolved
Pappas-alstad Ptshp Kearney St
Individual
Mailing address
730 N FRANKLIN ST, DENVER, CO 80218-3628
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2016
—
Pappas-alstad Ptshp Kearney St
Pappas-alstad Parntership LLP
Quit Claim Deed
related
—
Nov 21, 2012
—
Pappas-alstad Ptshp LLP
Pappas-alstad Ptshp
Quit Claim Deed
related
$1,600,000 · Standard Insurance Co
Jun 3, 2002
$1,600,000
Pappas-alstad Partnership
Caragol,stephen R & Michelle
Grant Deed
$1,120,000 · Vectra Bank Colorado NA
Jun 3, 2002
—
Stephen R Caragol
Kearney Street Investments LLC
Grant Deed
related
—
Feb 22, 2001
—
Kearney Street Investments LLC
Caragol,stephen R & Michelle
Grant Deed
$800,000 · Vectra Bank Colorado NA
Nov 29, 2000
—
Kearney Street Investments LLC
Lawrence Investments
Quit Claim Deed
related
—
Sep 20, 2000
$305,000
Stephen R Caragol
Lawrence Investments LLC
Grant Deed
—
Aug 1, 2000
$783,677
Lawrence Investments LLC
Laforce,denise E
Trustees Deed
—
Dec 11, 1998
—
Denise E Laforce
Laforce,lester R & Denise E
Quit Claim Deed
related
$5,126 · Wsa Fraternal Life
Mar 4, 1998
—
Lester R Laforce
Laforce Trust
Quit Claim Deed
related
$112,000 · P C Financial Ltd
—
—
Lester R Laforce
—
Deed Of Trust
related
$410,077 · First Community Ind Bank
—
—
Denise E Laforce
—
Deed Of Trust
related
$20,000 · M P Hayutin LLC
—
—
Pappas-alstad Ptshp
—
Deed Of Trust
related
$1,200,000 · Dps Cu
—
—
Pappas-alstad Ptshp Kearney St
—
Deed Of Trust
related
$3,400,000 · Miscellaneous Ins Co
—
—
Denise E Laforce
—
Deed Of Trust
related
$10,000 · Unknown
—
—
Keystone Investments INC
—
Deed Of Trust
related
$150,000 · Lawrence Investments
—
—
Lawrence Street Investments
—
Deed Of Trust
related
$200,000 · Ray Raleigh
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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