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Property profile & analytics
OFF-MARKET
Estimated value
$6,675,000
Hotels
685 Speer Blvd Denver, CO 80204-4513
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1299008
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
WOOD
Total area
66,639 SF
Lot
1.27 ac (55,307 SF)
Zoning code
C-MX-8
APN
05036-22-039-000
UPID
US13-1299008
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
-
TownePlace Suites Denver Downtown Hotel & Motel
-
Green Mile Cannabis Tourz Travel Agency Tour Operator
-
Hotel Hotel & Motel
-
685 Speer Boulevard Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.68M
Owner & transaction history
Denver Dwtn Hotel Dst · 7 yrs held
Denver Dwtn Hotel Dst
since 2019
7 recorded transactions
Zoning & alternative use
C-MX-8 · 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%
$8,545,000
6.5%
$7,890,000
7%
$7,325,000
Blend value · Realmo final
$6.68M
Range $6.01M – $7.34M · ±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
$100 / 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
$231,520
Tax year 2023
Assessed value
$2,987,900
Assessed 2023
Previous assessed
$3,177,750
-6.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,249,600
Assessed improvement
$1,738,300
Land market value
$5,530,700
Improvement market value
$7,620,100
Total market value
$13,150,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
124
Bathrooms
2
Total area
66,639 SF
Lot
1.27 ac (55,307 SF)
Zoning code
C-MX-8
APN
05036-22-039-000
UPID
US13-1299008
Jurisdiction
DENVER
Zoning & alternative use
C-MX-8 · Denver, CO
Zoning C-MX-8 · permitted uses
C-MX-8 · 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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
124
Bathrooms
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Denver Dwtn Hotel Dst
Individual
Free & Clear · 7 yrs held
Mailing address
2901 BUTTERFIELD RD, OAK BROOK, IL 60523-1106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2019
—
Denver Dwtn Hotel Dst
—
Grant Deed
related
$15,200,000 · Fifth Third Bk
Mar 7, 2019
$27,000,000
Denver Dwtn Hotel Dst
Bre Avalanche Prop Owner LLC
Grant Deed
—
Jul 14, 2017
—
Bre Avalanche Prop Owner LLC
—
Grant Deed
related
$1,393,500,000 · Morgan Stanley Bk
Jan 23, 2015
$23,938,000
Bre Avalanche Prop Owner LLC
Tps Dotown LLC
Grant Deed
$400,000,000 · General Elec Cap
Nov 6, 2014
$395,000
Denver Health
Tps Dotown LLC
Grant Deed
—
May 9, 2007
—
Jer Es Dotown LLC
—
Deed Of Trust
related
$59,000,000 · Bank Of America NA Bank Of America NA
Dec 22, 2005
$12,000,000
Jer Es Dotown LLC
Denver Acoma Es Hotel LLC
Grant Deed
$46,655,000 · Bank Of America NA
Sep 13, 1999
$1,260,000
Denver Acoma Hotel LLC
A B Hirschfeld Press INC
Grant Deed
$9,812,622 · Miller & Schroeder Investments
—
—
Tps Dotown LLC
—
Loan Modification
related
—
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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