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Property profile & analytics
OFF-MARKET
Banks
885 Colorado Blvd Denver, CO 80246-8006
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2554855
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Construction
WOOD
Total area
8,483 SF
Lot
0.38 ac (16,400 SF)
Zoning code
S-CC-3X
APN
05135-01-019-000
UPID
US13-2554855
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
-
Collegiate Peaks Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Collegiate Peaks Bank · 17 yrs held
Collegiate Peaks Bank
since 2008
3 recorded transactions
Zoning & alternative use
S-CC-3X · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B2 S-MU-8 Multi Unit 8 E-RX-5 Residential Mixed Use 5 U-TU-C Two Unit C S-MU-12 Multi Unit 12 E-CC-3x Commercial Corridor 3x U-RH-2.5 Row House 2.5 S-MU-20 Multi Unit 20 E-CC-3 Commercial Corridor 3 U-RH-3A Row House 3A S-CC-3x Commercial Corridor 3x E-MX-2x Mixed Use 2x U-RX-3 Residential Mixed Use 3 S-CC-3 Commercial Corridor 3 E-MX-2A Mixed Use 2A U-RX-5…
Zone name
Suburban Neighborhood Context Commercial Corridor 3x
General category
COMMERCIAL
Zone area
173.93 ac
Source
Denver Zoning Code
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$60,861
Tax year 2023
Assessed value
$785,440
Assessed 2023
Previous assessed
$757,160
+3.7% YoY
Effective rate
7.75%
On assessed value
Assessed land
$403,430
Assessed improvement
$382,010
Land market value
$1,476,000
Improvement market value
$1,369,200
Total market value
$2,845,200
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
9
Total area
8,483 SF
Lot
0.38 ac (16,400 SF)
Zoning code
S-CC-3X
APN
05135-01-019-000
UPID
US13-2554855
Jurisdiction
DENVER
Zoning & alternative use
S-CC-3X · Denver, COZoning S-CC-3X · permitted uses
S-CC-3X · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B2 S-MU-8 Multi Unit 8 E-RX-5 Residential Mixed Use 5 U-TU-C Two Unit C S-MU-12 Multi Unit 12 E-CC-3x Commercial Corridor 3x U-RH-2.5 Row House 2.5 S-MU-20 Multi Unit 20 E-CC-3 Commercial Corridor 3 U-RH-3A Row House 3A S-CC-3x Commercial Corridor 3x E-MX-2x Mixed Use 2x U-RX-3 Residential Mixed Use 3 S-CC-3 Commercial Corridor 3 E-MX-2A Mixed Use 2A U-RX-5 Residential Mixed Use 5 S-CC-5x Commercial Corridor 5x E-MX-2 Mixed Use 2 U-MX-2x Mixed
Zone name
Suburban Neighborhood Context Commercial Corridor 3x
General category
COMMERCIAL
Zone area
173.93 ac
Source
Denver Zoning Code
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
9
Lot
0.38 ac
Current owner
From public records · entity-resolved
Collegiate Peaks Bank
Entity
Mailing address
49 CMNS LOOP, KALISPELL, MT 59901-2679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2008
$1,800,000
Collegiate Peaks Bank
Miller,teri B
Grant Deed
—
Aug 5, 2008
—
Teri B Miller
885 LLC
Grant Deed
—
—
—
885 LLC
—
Deed Of Trust
related
$608,000 · Union Bank & Trust
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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