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Property profile & analytics
OFF-MARKET
Medical Office Space
98 Spruce St Denver, CO 80230-6921
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0447986
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
STEEL FRAME
Total area
31,965 SF
Lot
2.1 ac (91,607 SF)
Zoning code
B-3
APN
06091-00-028-000
UPID
US13-0447986
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 - Spruce St. Psychiatric Hospital Eating Disorder Treatment Center
-
Jane Miceli, MD Physician
-
ERC Crisis Center Medical Clinic
-
Anne Marie O'Melia, MD Physician
-
Jennifer McBride, MD Physician
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
Nwi Eating Recovery Center LP · 4 yrs held
Nwi Eating Recovery Center LP
since 2022
Last sale
$21.6M
4 recorded transactions
Zoning & alternative use
B-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
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
$339,505
Tax year 2023
Assessed value
$4,381,500
Assessed 2023
Previous assessed
$3,174,630
+38.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,013,970
Assessed improvement
$3,367,530
Land market value
$3,664,300
Improvement market value
$12,070,000
Total market value
$15,734,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
31,965 SF
Lot
2.1 ac (91,607 SF)
Zoning code
B-3
APN
06091-00-028-000
UPID
US13-0447986
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.
Building & site characteristics
From public records
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Nwi Eating Recovery Center LP
Entity
Mailing address
98 SPRUCE ST, DENVER, CO 80230-6921
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
$21,637,000
Nwi Eating Recovery Center LP
Tst Denver Mob LLC
Special Warranty Deed
$337,000 · Royal Bank Of Canada
Dec 20, 2018
$17,000,000
Tst Denver Mob LLC
Hr Assets LLC
Special Warranty Deed
$12,840,680 · First Tennessee Bank NA
Dec 18, 2013
$6,950,000
Hr Assets LLC
Denver Public Schools FCU
Grant Deed
related
—
Apr 19, 2002
—
Denver Public School Emp FCU
Lowry Economic Redevelopment
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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