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Property profile & analytics
OFF-MARKET
Estimated value
$3,545,000
High-rise multifamily apartments
624 Pennsylvania St Denver, CO 80203-3670
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0643902
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1962
Construction
WOOD
Total area
24,392 SF
Lot
0.29 ac (12,450 SF)
Zoning code
G-MU-5
APN
05039-11-006-000
UPID
US13-0643902
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
M & G LLC · 8 yrs held
M & G LLC
since 2017
7 recorded transactions
Zoning & alternative use
G-MU-5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$39,499
Tax year 2023
Assessed value
$509,750
Assessed 2023
Previous assessed
$493,070
+3.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$62,750
Assessed improvement
$447,000
Land market value
$991,500
Improvement market value
$6,671,700
Total market value
$7,663,200
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
1962
Construction
WOOD
Heating
HOT WATER
Cooling
WALL UNIT
Stories
5
Units
30
Rooms
93
Bathrooms
1
Total area
24,392 SF
Lot
0.29 ac (12,450 SF)
Zoning code
G-MU-5
APN
05039-11-006-000
UPID
US13-0643902
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.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
5
Units
30
Rooms
93
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
M & G LLC
Entity
Mailing address
665 N GRANT ST, DENVER, CO 80203-3506
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
M And G LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Sep 21, 2017
$12,850,000
M & G LLC
Jm Pennsylvania LLC
Grant Deed
$8,100,000 · Jp Morgan Chase Bk
Jan 12, 2016
$11,750,000
Jm Pennsylvania LLC
Dwell Apts LLC
Grant Deed
$8,812,500 · Firstbank
Jan 30, 2014
$7,650,000
Dwell Apts LLC
Sawatch Properties LLC
Grant Deed
$6,300,000 · Colorado St Bk&tr
Oct 9, 2007
$4,600,000
Sawatch Properties LLC
Cj Dipanfilo Lllp
Warranty Deed
$3,450,000 · Countrywide Bank
Jul 5, 2000
$3,900,000
J Dipanfilo LLP C
Rather Co LLC
Grant Deed
—
—
—
Sawatch Properties LLC
—
Deed Of Trust
related
$3,550,000 · J P Morgan Chase 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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