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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Theaters & concert halls
700 Water St Denver, CO 80211-5210
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1424135
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1997
Construction
CONCRETE
Total area
143,504 SF
Lot
5.81 ac (252,905 SF)
Zoning code
C-MU-10
APN
02333-00-062-000
UPID
US13-1424135
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
-
The Nautilus Ballroom Wedding Service Rental Equipment Company
-
Acuario de Denver Park
-
Fred's Auto Transport Trucking Company
-
Quick-Tag Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
RMOUG (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
Landrys Downtown Aquarium INC · 8 yrs held
Landrys Downtown Aquarium INC
since 2017
7 recorded transactions
Zoning & alternative use
C-MU-10 · 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
$14 / 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
$381,884
Tax year 2023
Assessed value
$4,928,420
Assessed 2023
Previous assessed
$4,801,410
+2.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$4,719,170
Assessed improvement
$209,250
Land market value
$16,944,600
Improvement market value
$750,000
Total market value
$17,694,600
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
7
Total area
143,504 SF
Lot
5.81 ac (252,905 SF)
Zoning code
C-MU-10
APN
02333-00-062-000
UPID
US13-1424135
Jurisdiction
DENVER
Zoning & alternative use
C-MU-10 · Denver, CO
Zoning C-MU-10 · permitted uses
C-MU-10 · 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
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
7
Lot
5.81 ac
Current owner
From public records · entity-resolved
Landrys Downtown Aquarium INC
Entity
Mailing address
1510 WW LOOP S, HOUSTON, TX 77027-9505
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 17, 2017
—
Landrys Downtown Aquarium INC
—
Loan Modification
related
—
Dec 30, 2010
—
Landrys Downtown Aquarium INC
—
Deed Of Trust
related
$337,000,000 · Wells Fargo Capital Finance
Apr 29, 2010
—
Landrys Downtown Aquarium INC
—
Deed Of Trust
related
$453,500,000 · Deutsche Bank Trust Co America
Dec 24, 2008
—
Landrys Downtown Aquarium INC
—
Deed Of Trust
related
$257,000,000 · Wells Fargo Foothill INC
—
—
Landrys Downtown Aquarium INC
—
Deed Of Trust
related
—
—
—
Landrys Downtown Aquarium INC
—
Deed Of Trust
related
$30,000,000 · Landrys Fertitta LLC
—
—
Landrys Downtown Aquarium INC
—
Loan Modification
related
$3,410,000 · Jefferies Fin
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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