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Property profile & analytics
OFF-MARKET
Estimated value
$4,900,000
High-rise multifamily apartments
809 Dexter St Denver, CO 80220-4108
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0990437
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1968
Construction
STEEL FRAME
Total area
22,431 SF
Lot
0.29 ac (12,700 SF)
Zoning code
G-MU-5
APN
06063-06-011-000
UPID
US13-0990437
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
-
Dexter Street Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$6.34M
Blend (final)
Blend
$4.90M
Owner & transaction history
809 Dexter LLC · 8 yrs held
809 Dexter LLC
since 2018
3 recorded transactions
Zoning & alternative use
G-MU-5 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.3M
+21.0%
Commercial (general)
$7.3M
+20.7%
Retail stores
$7.2M
+19.9%
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%
$5,675,000
6.5%
$5,240,000
7%
$4,865,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,015,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,280,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,260,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$7,215,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$6,810,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$5,740,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$4.90M
Range $4.41M – $5.39M · ±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
$218 / 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
$40,797
Tax year 2023
Assessed value
$526,510
Assessed 2023
Previous assessed
$490,130
+7.4% YoY
Effective rate
7.75%
On assessed value
Assessed land
$61,320
Assessed improvement
$465,190
Land market value
$970,200
Improvement market value
$6,943,200
Total market value
$7,913,400
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
1968
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
4
Units
38
Rooms
11
Bathrooms
1
Total area
22,431 SF
Lot
0.29 ac (12,700 SF)
Zoning code
G-MU-5
APN
06063-06-011-000
UPID
US13-0990437
Jurisdiction
DENVER
Zoning & alternative use
G-MU-5 · Denver, CO
Zoning G-MU-5 · permitted uses
G-MU-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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$7.3M
RETAIL STORES
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS) 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
1968
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
38
Rooms
11
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
809 Dexter LLC
Entity
Mailing address
8350 MELROSE AVE STE #202, LOS ANGELES, CA 90069-6517
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2018
$7,400,000
809 Dexter LLC
Rdg Properties LLC
Warranty Deed
—
Jun 14, 2013
$3,100,000
Rdg Propoerties LLC
Belmont Commons LLC
Warranty Deed
$2,313,750 · Jpmorgan Chase Bank NA
Apr 26, 2007
$2,300,000
Belmont Commons LLC
Nap/springman Fund
Special Warranty Deed
$1,600,000 · Countrywide Com Real Estate Fin INC
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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