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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Theaters & concert halls
721 Santa Fe Dr Denver, CO 80204-4428
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US13-0465223
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1931
Construction
WOOD
Total area
15,188 SF
Lot
0.37 ac (15,980 SF)
Zoning code
C-MS-5
APN
05044-21-035-000
UPID
US13-0465223
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 SOURCE Theatre Company Theater & Performing Art Venue
-
Su Teatro Cultural & Performing Arts Center Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$565k
Owner & transaction history
Su Teatro INC · 15 yrs held
Su Teatro INC
since 2010
7 recorded transactions
Zoning & alternative use
C-MS-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$855,000
+102.1%
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
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$425,000
Current use
WAREHOUSE, STORAGE
$855,000
Change: +102% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$37 / 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
Assessed value
$1,133,600
Assessed 2023
Previous assessed
$486,880
+132.8% YoY
Assessed land
$771,850
Assessed improvement
$361,750
Land market value
$2,796,500
Improvement market value
$1,296,600
Total market value
$4,093,100
Applied tax rate
471.0000
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
THEATER (MOVIE)
Status
Off-Market
Year built
1931
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
1
Total area
15,188 SF
Lot
0.37 ac (15,980 SF)
Zoning code
C-MS-5
APN
05044-21-035-000
UPID
US13-0465223
Jurisdiction
DENVER
Zoning & alternative use
C-MS-5 · Denver, CO
Zoning C-MS-5 · permitted uses
C-MS-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.
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$425,000
WAREHOUSE, STORAGE
Est. value
$855,000
THEATER (MOVIE) Current
WAREHOUSE, STORAGE
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
1931
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Su Teatro INC
Entity
Mailing address
721 SANTA FE DR, DENVER, CO 80204-4428
Ownership since
2010
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
Jul 24, 2017
—
Su Teatro INC
—
Deed
related
$241,843 · Wells Fargo Bk
Oct 5, 2010
$790,000
Su Teatro INC
Evergreen National Bank
Special Warranty Deed
$550,000 · Wells Fargo Bank NA
Jun 17, 2009
—
Evergreen National Bank
Deputy Public Te Of Denver Cnty
Trustees Deed
related
—
Jun 1, 2009
$1,101,795
Zbigniew Mania
Deputy Public Te Of Denver Cnty
Certificate Of Purchase
$873,865
Sep 21, 2004
—
Discovery Valley Home Dev LLC
Mania,zbigniew
Quit Claim Deed
related
$200,000 · Commercial Federal Bank
—
—
Su Teatro INC
—
Loan Modification
related
$252,731 · Wells Fargo Bk
—
—
Su Teatro INC
—
Deed Of Trust
related
$782,750 · City & County Denver
—
—
Denver Gvic Theatre INC
—
Deed Of Trust
related
$50,000 · Stan Synski
—
—
Su Teatro INC
—
Loan Modification
related
$241,843 · Wells Fargo Bk
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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