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Property profile & analytics
OFF-MARKET
Estimated value
$63,120,000
Garden apartment buildings
8155 Fairmount Dr Denver, CO 80230-6839
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0759827
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Construction
WOOD
Total area
465,782 SF
Lot
18.66 ac (812,783 SF)
Zoning code
R-2-A
APN
06094-00-005-000
UPID
US13-0759827
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
-
Body Conceptions by Mahri Gym & Fitness Center
-
Daphne S. Hooyboer, OTR Physician
-
Corporate Housing Execnet Housing Authority
-
Chile Crunch Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$53.30M
Blend (final)
Blend
$63.12M
Owner & transaction history
Mfrev II-lowry LLC · 9 yrs held
Mfrev II-lowry LLC
since 2016
5 recorded transactions
Zoning & alternative use
R-2-A · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$63.12M
Range $56.81M – $69.43M · ±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
$136 / 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
$856,643
Tax year 2023
Assessed value
$11,055,450
Assessed 2023
Previous assessed
$7,539,110
+46.6% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,285,560
Assessed improvement
$9,769,890
Land market value
$19,242,500
Improvement market value
$145,819,300
Total market value
$165,061,800
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
23
Stories
3
Units
414
Rooms
14
Bathrooms
6
Total area
465,782 SF
Lot
18.66 ac (812,783 SF)
Zoning code
R-2-A
APN
06094-00-005-000
UPID
US13-0759827
Jurisdiction
DENVER
Zoning & alternative use
R-2-A · Denver, CO
Zoning R-2-A · permitted uses
R-2-A · 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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
23
Units
414
Rooms
14
Bathrooms
6
Lot
18.66 ac
Current owner
From public records · entity-resolved
Mfrev II-lowry LLC
Entity
Mailing address
15303 VENTURA BLVD STE #200, SHERMAN OAKS, CA 91403-3126
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2016
$112,250,000
Mfrev II-lowry LLC
Amli At Lowry Estates LP
Grant Deed
$73,125,000 · Miscellaneous Ins Co
Dec 19, 2000
$51,200,000
Amli At Lowry Estates LP
Jefferson Estates At Lowry LP
Grant Deed
$33,900,000 · Capri Capital Finance LLC
—
—
Amli At Lowry Estates
—
Deed Of Trust
related
$33,605,000 · Wells Fargo Bank
—
—
Byron R Jacobson
—
Deed Of Trust
related
$40,900 · Us Bank NA Nd
—
—
Amli At Lowry Estates
—
Deed Of Trust
related
$33,605,000 · Federal National Mortgage Assn
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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