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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Medical Office Space
8155 1st Ave Denver, CO 80230-7163
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1261665
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
6,641 SF
Lot
0.67 ac (29,025 SF)
Zoning code
B-3
APN
06092-01-154-000
UPID
US13-1261665
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
-
Denver Endoscopy Center Medical Clinic Hospital
-
Jeffrey Frank, MD. Physician
-
DANIEL O SIEGEL Physician
-
LAURA WOLFE Physician
-
JONATHAN P FISHMAN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$3.30M
Owner & transaction history
Hc Lowry LLC · 5 yrs held
Hc Lowry LLC
since 2021
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
B-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+34.7%
Auto repair, garage
$2.7M
+31.9%
Neighborhood: shopping center
$2.2M
+6.9%
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
$3,230,000
ML approach
$3,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,015,000
Current use
RESTAURANT
$2,715,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,660,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,155,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,150,000
Change: +7% · Conversion: Easy
RETAIL STORES
$2,135,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,065,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±10% · vs last sale $3.30M (Jan 15 2021)
Last sale anchor
$3.30M
Jan 15 2021
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
$496 / 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
$68,918
Tax year 2023
Assessed value
$889,430
Assessed 2023
Previous assessed
$706,120
+26.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$315,550
Assessed improvement
$573,880
Land market value
$1,161,000
Improvement market value
$2,056,900
Total market value
$3,217,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Total area
6,641 SF
Lot
0.67 ac (29,025 SF)
Zoning code
B-3
APN
06092-01-154-000
UPID
US13-1261665
Jurisdiction
DENVER
Zoning & alternative use
B-3 · Denver, CO
Zoning B-3 · permitted uses
B-3 · 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
MEDICAL BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
Hc Lowry LLC
Entity
Mailing address
7842 S VINE ST, CENTENNIAL, CO 80122-3139
Ownership since
2021
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
Jan 15, 2021
$3,300,000
Hc Lowry LLC
G I Real Estate Grp LLC
Grant Deed
—
—
—
Franklin Energy LLC
—
Deed Of Trust
related
$500,000 · Steven D Kris
—
—
Gi Real Estate Group LLC
—
Deed Of Trust
related
$1,500,000 · Compass Bank
—
—
Gi Real Estate Group LLC
—
Deed Of Trust
related
$430,000 · Eagle Legacy Cu
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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