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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Banks
633 17th St Denver, CO 80202-3660
Entity Owned
20-yr Hold
Free & Clear
Property ID
US13-1207356
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1975
Construction
STEEL FRAME
Total area
42,880 SF
Lot
0.31 ac (13,313 SF)
Zoning code
D-C
APN
02345-15-011-000
UPID
US13-1207356
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
-
Lowe Philip C Law Firm
-
Trinidad Drilling Construction Company General Contractor
-
Olsen Theodore A Law Firm
-
Miller Patrick J Law Firm
-
RMC Research Research Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Colorado Tower LLC · 20 yrs held
Colorado Tower LLC
since 2005
7 recorded transactions
Zoning & alternative use
D-C · 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
$36 / 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
$100,107
Tax year 2023
Assessed value
$1,291,940
Assessed 2023
Previous assessed
$1,351,570
-4.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,291,660
Assessed improvement
$280
Land market value
$4,659,600
Improvement market value
$1,000
Total market value
$4,660,600
Applied tax rate
320.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Units
5
Total area
42,880 SF
Lot
0.31 ac (13,313 SF)
Zoning code
D-C
APN
02345-15-011-000
UPID
US13-1207356
Jurisdiction
DENVER
Zoning & alternative use
D-C · Denver, CO
Zoning D-C · permitted uses
D-C · 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
1975
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
5
Lot
0.31 ac
Current owner
From public records · entity-resolved
Colorado Tower LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2005
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
May 20, 2021
—
621 17th Street Operating Company L
—
Deed
related
$85,000,000 · Barclays Bank Plc
May 16, 2019
—
621 17th Street Operating Co L
—
Grant Deed
related
$17,135,000 · Barclays Bk Plc
Dec 28, 2017
—
633 17th Street Operating Co L
—
Deed
related
$63,000,000 · Jp Morgan Chase Bk
Nov 23, 2016
—
633 17th Street Operating Co L
—
Deed
related
$63,000,000 · Jp Morgan Chase Bk
Mar 11, 2009
—
621 17th Street Operating Co L
—
Deed Of Trust
related
$22,000,000 · Compass Bank
Nov 22, 2005
—
Colorado Tower LLC
Colorado Tower LLC
Quit Claim Deed
related
—
—
—
621 17th Street Operating Co L
—
Deed Of Trust
related
$13,750,000 · Annaly Cre LLC
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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