Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Residential income homes
9813 23rd Ave Aurora, CO 80010-1105
Individually Owned
5-yr Hold
Property ID
US13-1882444
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1958
Construction
FRAME
Total area
2,254 SF
Lot
0.15 ac (6,534 SF)
APN
R0093995
UPID
US13-1882444
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$585k
Owner & transaction history
Todd Lessley · 5 yrs held
Todd Lessley
since 2021
Last sale
$607,229
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$905,000
+55.7%
Neighborhood: shopping center
$730,000
+26.2%
Commercial (general)
$730,000
+25.8%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$560,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$580,000
Current use
AUTO REPAIR, GARAGE
$905,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$725,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$575,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $607k (Apr 21 2021)
Last sale anchor
$607k
Apr 21 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
$260 / 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
$6,433
Tax year 2023
Assessed value
$57,170
Assessed 2023
Previous assessed
$57,170
+0.0% YoY
Effective rate
11.25%
On assessed value
Assessed land
$2,640
Assessed improvement
$54,530
Land market value
$39,000
Improvement market value
$806,000
Total market value
$845,000
Applied tax rate
360.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1958
Construction
FRAME
Heating
HOT WATER
Stories
1
Units
4
Rooms
17
Bathrooms
4
Total area
2,254 SF
Lot
0.15 ac (6,534 SF)
APN
R0093995
UPID
US13-1882444
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RETAIL STORES
Est. value
$725,000
MEDICAL BUILDING
Est. value
$685,000
OFFICE BUILDING
Est. value
$575,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1958
Construction
FRAME
Heating
HOT WATER
Stories
1
Units
4
Rooms
17
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Todd Lessley
Individual
Mailing address
4535 FEDERAL BLVD, DENVER, CO 80211-1419
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
$607,229
Todd Lessley
Rhm Real Estate Holdings LLC
Special Warranty Deed
$455,422 · Celebrity Home Loans LLC
Jul 9, 2010
$175,900
Rhm Real Estate Holdings LLC
Hummingbird Vista LLC
Warranty Deed
$75,000 · First Western Fsb
Oct 26, 2009
$100,000
Hummingbird Vista LLC
American Hm Mtg Svcs
Grant Deed
$122,500 · Leif Houkom
Nov 19, 2007
—
American Home Mtg Servicing
Public Trustee Of Adams County
Trustees Deed
related
—
Aug 29, 2007
$250,495
Krzysztof Pacak
Public,trustee/adams County
Certificate Of Purchase
$250,495
Jun 28, 2006
$335,000
Krzysztof Pacak
Sg Properties LLC
Warranty Deed
$234,500 · American Brokers Conduit
Apr 13, 2005
—
Sg Properties LLC
Golabek,slawomir
Quit Claim Deed
related
—
Mar 31, 2005
$204,000
Slawomir Golabek
Deutsche Bank
Grant Deed
$183,600 · Cit Group Consumer Finance INC
Mar 4, 2004
—
Deutsch Bank
Pineda,joaquin A & Maria M
Trustees Deed
related
—
Oct 10, 2002
—
David J Cutler
Pineda,joaquin A & Maria M
Quit Claim Deed
related
$274,518 · Joaquin A & Maria M Pineda
Jul 18, 2002
$302,000
Joaquin A Pineda
Cutler,david J
Grant Deed
$271,800 · Capitol Commerce Mortgage Co
May 13, 2002
—
David J Cutler
Pineda,joaquin A & Maria N
Quit Claim Deed
related
—
Mar 7, 2002
—
Joaquin A Pineda
Cutler,david J
Quit Claim Deed
related
—
May 30, 2000
$225,000
David J Cutler
Mee,warren H
Grant Deed
$180,000 · Fremont Investment & Loan
Apr 11, 1995
$145,000
Perfect Realty Investment LLC
Chowdhury,imran
Warranty Deed
related
$101,500 · First United Bk/adams
Nov 21, 1994
$72,000
Imran Chowdhury
Scott,michael F
Warranty Deed
related
$50,400 · Omnibank/southeast
—
—
David J Cutler
—
Deed Of Trust
related
$33,250 · Individual
—
—
Commonwealth Land Title Co
—
Deed Of Trust
related
$132,000 · Everest Mortgage INC
—
—
Warren H Mee
—
Deed Of Trust
related
$153,000 · New Century Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9813 23rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
