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Property profile & analytics
OFF-MARKET
Turn key restaurants
7045 38th Ave Denver, CO 80207-1541
Entity Owned
18-yr Hold
Free & Clear
Property ID
US13-0670924
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
STEEL FRAME
Total area
8,696 SF
Lot
0.47 ac (20,651 SF)
Zoning code
I-MX-3
APN
01204-26-008-000
UPID
US13-0670924
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
-
Working Art Metal Fabrication Plant Factory
-
Station 26 Brewing Co. Production Facility Brewery & Distillery
-
Out of Step Clay Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
38 Pontiac LLC · 18 yrs held
38 Pontiac LLC
since 2008
2 recorded transactions
Zoning & alternative use
I-MX-3 · 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
—
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
$24,968
Tax year 2023
Assessed value
$322,230
Assessed 2023
Previous assessed
$262,560
+22.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$112,990
Assessed improvement
$209,240
Land market value
$722,800
Improvement market value
$1,034,000
Total market value
$1,756,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
8
Bathrooms
1
Total area
8,696 SF
Lot
0.47 ac (20,651 SF)
Zoning code
I-MX-3
APN
01204-26-008-000
UPID
US13-0670924
Jurisdiction
DENVER
Zoning & alternative use
I-MX-3 · Denver, CO
Zoning I-MX-3 · permitted uses
I-MX-3 · 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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
8
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
38 Pontiac LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1560 BLAKE ST APT #801, DENVER, CO 80202-5996
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2008
—
38 Pontiac LLC
Lorimer,eileen T
Quit Claim Deed
related
—
Mar 11, 2008
$300,000
Eileen T Lorimer
City & County Of Denver
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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