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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Garden apartment buildings
6601 Ithaca Pl 6621 Denver, CO 80237-1214
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US13-0244952
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
3,720 SF
Lot
0.29 ac (12,500 SF)
Zoning code
S-RH-2.5
APN
07051-02-018-000
UPID
US13-0244952
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
$515k
Owner & transaction history
Joan S Fenster · 26 yrs held
Joan S Fenster
since 1999
3 recorded transactions
Zoning & alternative use
S-RH-2.5 · 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
$138 / 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
$4,437
Tax year 2023
Assessed value
$57,260
Assessed 2023
Previous assessed
$64,650
-11.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$12,060
Assessed improvement
$45,200
Land market value
$235,000
Improvement market value
$674,600
Total market value
$909,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Rooms
14
Bathrooms
2
Total area
3,720 SF
Lot
0.29 ac (12,500 SF)
Zoning code
S-RH-2.5
APN
07051-02-018-000
UPID
US13-0244952
Jurisdiction
DENVER
Zoning & alternative use
S-RH-2.5 · Denver, CO
Zoning S-RH-2.5 · permitted uses
S-RH-2.5 · 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
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Rooms
14
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Joan S Fenster
Individual
Mailing address
6621 E ITHACA PL, DENVER, CO 80237-1214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
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
Aug 6, 1999
$250,000
Joan S Fenster
Fenster,david J
Grant Deed
related
$200,000 · Mortgage Planning & Lending Sp
—
—
Joan Spoden-fenster
—
Deed Of Trust
related
$247,500 · Bank Of America
—
—
Joan S Fenster
—
Deed Of Trust
related
$285,000 · Cherry Creek Mortgage Co INC
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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