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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Warehouses
75 Cherokee St Denver, CO 80223-1627
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0258968
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1951
Construction
WOOD
Total area
3,420 SF
Lot
0.11 ac (4,871 SF)
Zoning code
I-MX-5
APN
05103-18-026-000
UPID
US13-0258968
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
-
Hannah Kahn Dance Company Theater & Performing Art Venue Training Center
-
Miss Rachaels Dance Training Center
-
Anderson Dunn Academy of Irish Dance Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$820k
Owner & transaction history
75 S Cherokee LLC · 1 yrs held
75 S Cherokee LLC
since 2024
Last sale
$820,000
1 recorded transaction
Zoning & alternative use
I-MX-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M-IMX-5 Industrial Mixed Use 5 M-IMX-8 Industrial Mixed Use 8 M-IMX-12 Industrial Mixed Use 12 M-GMX General Mixed Use 9.7.2.1 General Purpose A. The intent of zone districts within the Master Planned Context is to provide flexibility for master planned development of large sites to respond to evolving market opportunities over time. The zone district regula…
Zone name
Industrial Mixed Use Context District 5
General category
MIXED_USE
Zone area
350.25 ac
Source
Denver Zoning Code
Top alternative use upside
Neighborhood: shopping center
$1.1M
+103.2%
Commercial (general)
$1.1M
+102.7%
Retail stores
$1.1M
+101.4%
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
$820,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$545,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,110,000
Change: +103% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,105,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: +101% · Conversion: Moderate
MEDICAL BUILDING
$1,040,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $820k (Oct 21 2024)
Last sale anchor
$820k
Oct 21 2024
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
$240 / 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
$13,972
Tax year 2023
Assessed value
$180,320
Assessed 2023
Previous assessed
$148,300
+21.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$79,960
Assessed improvement
$100,360
Land market value
$316,600
Improvement market value
$359,700
Total market value
$676,300
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
1951
Construction
WOOD
Heating
YES
Stories
1
Units
1
Total area
3,420 SF
Lot
0.11 ac (4,871 SF)
Zoning code
I-MX-5
APN
05103-18-026-000
UPID
US13-0258968
Jurisdiction
DENVER
Zoning & alternative use
I-MX-5 · Denver, COZoning I-MX-5 · permitted uses
I-MX-5 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M-IMX-5 Industrial Mixed Use 5 M-IMX-8 Industrial Mixed Use 8 M-IMX-12 Industrial Mixed Use 12 M-GMX General Mixed Use 9.7.2.1 General Purpose A. The intent of zone districts within the Master Planned Context is to provide flexibility for master planned development of large sites to respond to evolving market opportunities over time. The zone district regulations support phased mixed-use development and allow for a wide variety of uses and building forms. As development proceeds, the permitted uses and building forms are further defined to provide clarity and predictable development outcomes. B. The building form standards and use standards support medium to high density development and are organized into nine distinct zone districts. Multiple building forms are allowed on a single zone lot. 9.7.2.2 Specific Intent A. Row House 3 (M-RH-3)
Zone name
Industrial Mixed Use Context District 5
General category
MIXED_USE
Zone area
350.25 ac
Source
Denver Zoning Code
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1951
Construction
WOOD
Heating
YES
Stories
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
75 S Cherokee LLC
Entity
Mailing address
75 S CHEROKEE ST, DENVER, CO 80223-1627
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
$820,000
75 S Cherokee LLC
Open Studio LLC
Special Warranty Deed
$697,000 · First Citizens Bank & Trust Co
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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