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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Automotive properties
823 Federal Blvd Denver, CO 80204-3212
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1138961
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1966
Construction
WOOD
Total area
2,782 SF
Lot
0.29 ac (12,583 SF)
Zoning code
E-MX-3
APN
05053-32-026-000
UPID
US13-1138961
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
-
Chili Brothers Big Box & Wholesale Store
-
Auto Sale 21 Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Auto Sale 21 LLC · 3 yrs held
Auto Sale 21 LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
E-MX-3 · 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
$1,355,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,115,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.15M (Sep 20 2022)
Last sale anchor
$1.15M
Sep 20 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
$435 / 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
$10,254
Tax year 2023
Assessed value
$132,330
Assessed 2023
Previous assessed
$146,250
-9.5% YoY
Effective rate
7.75%
On assessed value
Assessed land
$132,050
Assessed improvement
$280
Land market value
$503,300
Improvement market value
$1,000
Total market value
$504,300
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Units
6
Total area
2,782 SF
Lot
0.29 ac (12,583 SF)
Zoning code
E-MX-3
APN
05053-32-026-000
UPID
US13-1138961
Jurisdiction
DENVER
Zoning & alternative use
E-MX-3 · Denver, CO
Zoning E-MX-3 · permitted uses
E-MX-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
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$900,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
0.29 ac
Current owner
From public records · entity-resolved
Auto Sale 21 LLC
Entity
Mailing address
823 FEDERAL BLVD, DENVER, CO 80204-3212
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
Auto Sale 21 LLC
—
Deed
related
$921,376 · Firstbank
Sep 20, 2022
$1,150,000
Auto Sale 21 LLC
S S Connections LLC
Warranty Deed
$862,500 · Silver Hill Financial LLC
Sep 12, 2018
—
S S Connections LLC
—
Deed
related
$345,793 · Citywide Bk
Sep 7, 2018
—
Ss Connections LLC
—
Deed
related
$288,000 · Community Dev Commission
Aug 1, 2018
$685,000
Ss Connections LLC
Michael A Mitchell
Warranty Deed
$345,789 · Citywide Bank
Jul 3, 2012
—
Michael A Mitchell
Kahn Laurence T
Grant Deed
related
—
—
—
S S Connections LLC
—
Deed Of Trust
related
$345,793 · Citywide Bk
—
—
Ss Connections LLC
—
Deed Of Trust
related
$288,000 · Community Dev Commission
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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