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Property profile & analytics
OFF-MARKET
Estimated value
$11,930,000
Medical Office Space
8199 1st Ave Denver, CO 80230-7163
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-2805394
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
CONCRETE
Total area
61,060 SF
Lot
1.41 ac (61,487 SF)
Zoning code
B-3
APN
06092-01-177-000
UPID
US13-2805394
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
-
Eating Recovery Center Denver Eating Disorder Treatment Center
-
Abbey Griffith Physician
-
Dr. Anne O'melia Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.45M
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$11.93M
Owner & transaction history
Lowry 8199 LLC · 9 yrs held
Lowry 8199 LLC
since 2017
5 recorded transactions
Zoning & alternative use
B-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.8M
+6.9%
Commercial (general)
$19.8M
+6.6%
Retail stores
$19.6M
+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%
$13,480,000
6.5%
$12,445,000
7%
$11,555,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$18,540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,820,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,765,000
Change: +7% · Conversion: Easy
RETAIL STORES
$19,635,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,980,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$15,625,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$11.93M
Range $10.74M – $13.12M · ±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
$195 / 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
$462,372
Tax year 2023
Assessed value
$5,967,170
Assessed 2023
Previous assessed
$8,809,620
-32.3% YoY
Effective rate
7.75%
On assessed value
Assessed land
$677,830
Assessed improvement
$5,289,340
Land market value
$2,459,500
Improvement market value
$18,958,200
Total market value
$21,417,700
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
2017
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
7
Total area
61,060 SF
Lot
1.41 ac (61,487 SF)
Zoning code
B-3
APN
06092-01-177-000
UPID
US13-2805394
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
$18.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.8M
COMMERCIAL (GENERAL)
Est. value
$19.8M
RETAIL STORES
Est. value
$19.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.0M
OFFICE BUILDING
Est. value
$15.6M
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
2017
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
7
Lot
1.41 ac
Current owner
From public records · entity-resolved
Lowry 8199 LLC
Entity
Mailing address
PO BOX 808, COCKEYSVILLE, MD 21030-0808
Ownership since
2017
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
Jan 6, 2017
$2,000,000
Lowry 8199 LLC
Franklin Energy Limited Liability C
Special Warranty Deed
$1,000,000 · Franklin Energy Limited Liability C
Mar 19, 2009
—
Franklin Energy LLC
—
Trustees Deed
related
$225,000 · Jonathan L Vinnik
Apr 17, 2006
$430,416
Pop 10 LLC
Lowry Economic Redev Authority
Grant Deed
—
—
—
Lowry 8199 LLC
—
Deed Of Trust
related
$20,000,000 · Colorado Busn Bk
—
—
Franklin Energy LLC
—
Deed Of Trust
related
$3,500,000 · Colorado Business Bank NA
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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