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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Warehouses
717 Lipan St Denver, CO 80204-4442
Entity Owned
~
Est. High Equity
Property ID
US13-0936965
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD
Total area
9,068 SF
Lot
0.43 ac (18,753 SF)
Zoning code
I-A
APN
05044-19-040-000
UPID
US13-0936965
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
-
Economy Greek Foods Corporation Big Box & Wholesale Store
-
Buntport Theater Theater & Performing Art Venue
-
Alpha Imports Inc Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.72M
Owner & transaction history
Bear & Stringer LLC
Bear & Stringer LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
I-A · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.8M
+106.1%
Apartment house (5+ units)
$2.7M
+103.1%
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%
$1,560,000
6.5%
$1,440,000
7%
$1,340,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,335,000
Current use
MEDICAL BUILDING
$2,755,000
Change: +106% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,710,000
Change: +103% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.86M (May 1 2025)
Last sale anchor
$1.86M
May 1 2025
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
$190 / 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
$40,135
Tax year 2023
Assessed value
$517,970
Assessed 2023
Previous assessed
$438,740
+18.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$253,250
Assessed improvement
$264,720
Land market value
$937,700
Improvement market value
$948,800
Total market value
$1,886,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,068 SF
Lot
0.43 ac (18,753 SF)
Zoning code
I-A
APN
05044-19-040-000
UPID
US13-0936965
Jurisdiction
DENVER
Zoning & alternative use
I-A · Denver, CO
Zoning I-A · permitted uses
I-A · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Bear & Stringer LLC
Entity
Mailing address
717 LIPAN ST, DENVER, CO 80204-4442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$1,860,000
Bear & Stringer LLC
717 Lipan Street LLC
Special Warranty Deed
—
May 7, 2025
—
717 Lipan Street LLC
—
Deed
related
$598,537 · Firstbank
Aug 25, 2020
—
717 Lipan Street LLC
—
Deed
related
$660,891 · Firstbank
Mar 16, 2020
—
717 Lipan Street LLC
—
Deed
related
$650,000 · Weinberg Svcng LLC
Mar 21, 2018
—
717 Lipan Street LLC
—
Deed
related
$486,000 · Firstbank/eubank Br
Aug 26, 2016
—
717 Lipan Street LLC
—
Deed
related
$382,990 · Firstbank
Apr 9, 2010
—
717 Lipan Street LLC
Katsaros,james W
Grant Deed
—
Dec 16, 1999
—
James W Katsaros
—
Grant Deed
related
$400,000 · Key Bank NA
—
—
James Katsaros
—
Deed Of Trust
related
$430,793 · Key Bank NA
—
—
717 Lipan Street LLC
—
Deed Of Trust
related
$650,000 · Weinberg Svcng LLC
—
—
717 Lipan Street LLC
—
Deed Of Trust
related
$382,990 · Firstbank
—
—
717 Lipan Street LLC
—
Deed Of Trust
related
$486,000 · Firstbank/eubank Br
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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