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Property profile & analytics
FOR LEASE
Office buildings
820 16Th St Mall Denver, CO 80202
Entity Owned
~
Est. High Equity
Property ID
US13-0401385
For Lease
1 / 3
$36 SF/Yr
820 16Th St,Unit Mall, Denver, CO 80202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1960
Construction
STEEL FRAME
Total area
105,251 SF
Lot
0.29 ac (12,500 SF)
Zoning code
D-TD
APN
02345-31-022-000
UPID
US13-0401385
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
-
Localact Advertising Agency Marketing & Advertising
-
7-Eleven Grocery & Convenience Store
-
The George Denver Real Estate Agency
-
Assurance Risk Managers Insurance Agency
-
Wand Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.30M
Owner & transaction history
Thorofare Reit V Cnb LLC
Thorofare Reit V Cnb LLC
since 2026
Last sale
$17.2M
7 recorded transactions
Zoning & alternative use
D-TD · 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
$16,055,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.30M
Range $15.57M – $19.03M · ±10% · vs last sale $17.20M (Jun 3 2022)
Last sale anchor
$17.20M
Jun 3 2022
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
$164 / 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
$371,192
Tax year 2023
Assessed value
$4,790,440
Assessed 2023
Previous assessed
$5,309,150
-9.8% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,212,260
Assessed improvement
$3,578,180
Land market value
$4,375,000
Improvement market value
$12,825,000
Total market value
$17,200,000
Applied tax rate
320.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
8
Total area
105,251 SF
Lot
0.29 ac (12,500 SF)
Zoning code
D-TD
APN
02345-31-022-000
UPID
US13-0401385
Jurisdiction
DENVER
Zoning & alternative use
D-TD · Denver, CO
Zoning D-TD · permitted uses
D-TD · 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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
8
Lot
0.29 ac
Current owner
From public records · entity-resolved
Thorofare Reit V Cnb LLC
Entity
Mailing address
12501 SEAL BCH BLVD STE #225, SEAL BEACH, CA 90740-8804
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Thorofare Reit V Cnb LLC
Massandra Harbor George Owner LLC
Deed
related
—
Jun 3, 2022
$17,200,000
Massandra Harbor George Owner LLC
820 16th Street Property LLC
Special Warranty Deed
$18,660,000 · Thorofare Asset Based Lending Reit
Jun 14, 2019
—
820 16th Street Property LLC
—
Grant Deed
related
$19,150,000 · Bb&t R/e Fndg
Dec 10, 2018
$24,500,000
820 16th Street Property LLC
820 16th Street LLC
Grant Deed
—
Jun 2, 2016
—
820 16th Street LLC
—
Deed
related
$5,000,000 · Dipl Kfm Herbert Lex
May 25, 2016
—
820 16th Street LLC
—
Deed
related
$7,000,000 · Private Individual
Jul 23, 2010
$5,670,000
820 16th Street LLC
Symes Hh LLC
Grant Deed
—
Nov 23, 2009
—
Symes Hh LLC
Cn Symes
Deed In Lieu Of Foreclosure
related
—
Jan 11, 2007
—
Gb Dev LLC
Asa Associates LLP
Grant Deed
$11,700,000 · Capmark Bank
—
—
820 16th Street LLC
—
Deed Of Trust
related
$7,000,000 · Private Individual
—
—
820 16th Street LLC
—
Deed Of Trust
related
$5,000,000 · Dipl Kfm Herbert Lex
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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