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Property profile & analytics
OFF-MARKET
Estimated value
$28,325,000
High-rise multifamily apartments
800 Pennsylvania St Denver, CO 80203-3151
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-0845226
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1974
Construction
CONCRETE
Total area
168,542 SF
Lot
1.21 ac (52,638 SF)
Zoning code
G-MU-12
APN
05038-21-013-000
UPID
US13-0845226
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
-
Blue Paw Solutions LLC Animal Training
-
Zen Zone Esthetics (Bike/Boat/Book/etc) Store Cosmetic Store
-
Arrive 800 Penn Real Estate Agency
-
Grant Yamnitz Insurance Insurance Agency
-
Madeline J Studios Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.33M
Owner & transaction history
Pfacp3 Pennwood LLC · 10 yrs held
Pfacp3 Pennwood LLC
since 2016
4 recorded transactions
Zoning & alternative use
G-MU-12 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,650,000
6.5%
$39,370,000
7%
$36,560,000
Blend value · Realmo final
$28.33M
Range $25.49M – $31.16M · ±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
$168 / 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
$364,162
Tax year 2023
Assessed value
$4,699,710
Assessed 2023
Previous assessed
$3,450,250
+36.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$241,030
Assessed improvement
$4,458,680
Land market value
$3,652,500
Improvement market value
$66,547,500
Total market value
$70,200,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
15
Units
195
Rooms
60
Bathrooms
1
Total area
168,542 SF
Lot
1.21 ac (52,638 SF)
Zoning code
G-MU-12
APN
05038-21-013-000
UPID
US13-0845226
Jurisdiction
DENVER
Zoning & alternative use
G-MU-12 · Denver, CO
Zoning G-MU-12 · permitted uses
G-MU-12 · 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
1974
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
15
Buildings
2
Units
195
Rooms
60
Bathrooms
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Pfacp3 Pennwood LLC
Entity
Mailing address
6191 N STATE HWY 161ST STE #100, IRVING, TX 75038-2290
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2016
$34,500,000
Pfacp3 Pennwood LLC
Pennwood LLC
Special Warranty Deed
$21,680,000 · Berkadia Commercial Mortgage LLC
Jun 20, 2016
—
Sarah Neiss
Neiss David
Quit Claim Deed
related
—
Sep 4, 2009
—
Pennwood LLC
Neiss,david
Grant Deed
—
—
—
David Neiss
—
Deed Of Trust
related
$2,100,000 · Bank One Colorado
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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