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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office Spaces
837 17th Ave 102 Denver, CO 80218-1470
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0874195
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1998
Construction
WOOD
Total area
1,341 SF
Lot
0.01 ac (653 SF)
Zoning code
PUD
APN
02354-08-053-053
UPID
US13-0874195
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
-
Watercourse Foods Restaurant
-
ATM Atm
-
3 Little Birds Salon Hair Salon Nail Salon
-
West Erica Law Firm
-
Law Office of Curt Todd Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$320k
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$520k
Owner & transaction history
Michael Pytel · 4 yrs held
Michael Pytel
since 2021
Last sale
$535,000
2 recorded transactions
Zoning & alternative use
PUD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$535,000
+56.5%
Neighborhood: shopping center
$435,000
+26.8%
Commercial (general)
$435,000
+26.5%
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
$525,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$350,000
6.5%
$320,000
7%
$300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$345,000
Current use
AUTO REPAIR, GARAGE
$535,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$435,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$435,000
Change: +26% · Conversion: Easy
RETAIL STORES
$430,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$405,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $535k (Dec 22 2021)
Last sale anchor
$535k
Dec 22 2021
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
$388 / 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
$10,224
Tax year 2023
Assessed value
$131,940
Assessed 2023
Previous assessed
$110,260
+19.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$9,880
Assessed improvement
$122,060
Land market value
$65,400
Improvement market value
$437,500
Total market value
$502,900
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,341 SF
Lot
0.01 ac (653 SF)
Zoning code
PUD
APN
02354-08-053-053
UPID
US13-0874195
Jurisdiction
DENVER
Zoning & alternative use
PUD · Denver, CO
Zoning PUD · permitted uses
PUD · 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
OFFICE BUILDING Current
Est. value
$345,000
AUTO REPAIR, GARAGE
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$435,000
RETAIL STORES
Est. value
$430,000
MEDICAL BUILDING
Est. value
$405,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Michael Pytel
Individual
Mailing address
9277 E 35TH AVE, DENVER, CO 80238-3504
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$535,000
Michael Pytel
837 E 17th Avenue LLC
Special Warranty Deed
$275,000 · Umb Bank NA
Apr 28, 2000
—
837 E 17th Avenue LLC
Temple Law Offices LLC
Quit Claim Deed
related
—
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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