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Property profile & analytics
OFF-MARKET
Estimated value
$5,215,000
Medical Office Space
8190 1st Ave Denver, CO 80230-7211
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-0397289
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
26,652 SF
Lot
1.36 ac (59,186 SF)
Zoning code
B-3
APN
06091-00-040-000
UPID
US13-0397289
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
-
Adult PHP Bldg Conifer Hospital
-
Eating Recovery Center Denver - 1st Ave. Nutritionist Weight Loss Service
-
Kara Leach Pediatrician Physician
-
Russell Marx Physician
-
Kristina Healy Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.43M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$5.22M
Owner & transaction history
East First Avenue LLC · 12 yrs held
East First Avenue LLC
since 2013
6 recorded transactions
Zoning & alternative use
B-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.7M
+6.9%
Commercial (general)
$8.6M
+6.6%
Retail stores
$8.6M
+5.9%
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%
$5,885,000
6.5%
$5,430,000
7%
$5,045,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,095,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,650,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,625,000
Change: +7% · Conversion: Easy
RETAIL STORES
$8,570,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,285,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$6,820,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.22M
Range $4.69M – $5.74M · ±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
$196 / 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
$191,796
Tax year 2023
Assessed value
$2,475,230
Assessed 2023
Previous assessed
$1,995,860
+24.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$652,130
Assessed improvement
$1,823,100
Land market value
$2,367,400
Improvement market value
$6,534,400
Total market value
$8,901,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
7
Total area
26,652 SF
Lot
1.36 ac (59,186 SF)
Zoning code
B-3
APN
06091-00-040-000
UPID
US13-0397289
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
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.6M
RETAIL STORES
Est. value
$8.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.3M
OFFICE BUILDING
Est. value
$6.8M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
7
Lot
1.36 ac
Current owner
From public records · entity-resolved
East First Avenue LLC
Entity
Mailing address
777 PEARL ST STE #210, BOULDER, CO 80302-5061
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2013
—
East First Avenue LLC
Lowry Promenade LLC
Grant Deed
—
Aug 2, 2010
$2,200,000
Lowry Promenade LLC
First Bank Of Denver
Grant Deed
—
Nov 9, 2009
—
Firstbank Of Denver
Pop 16 LLC
Grant Deed
—
Apr 17, 2006
$424,151
Pop 16 Retail LLC
Lowry Economic Redev Authority
Grant Deed
$3,956,000 · Community Banks Of Colorado
—
—
Pop 16 LLC
—
Deed Of Trust
related
$4,500,000 · Firstbank Of Denver NA
—
—
Lowry Promenade LLC
—
Deed Of Trust
related
$3,100,000 · Genworth Life Insurance 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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