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    8z Real Estate

    4041 Hanover Ave Suite 200, Boulder, CO 80305
    (303) 543-3083
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Residential Multi Family

    Listings

    For Sale (12)

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    Charming Duplex in East End
    $400,000
    0.13 Acres

    Charming Duplex in East End

    Income-producing duplex near downtown Colorado Springs with investment potential.

    632 N Foote Ave, Colorado Springs, CO 80909
    View details
    8-Acre Lot with Mountain Views
    $430,000
    8.26 Acres

    8-Acre Lot with Mountain Views

    Build your dream mountain home on this 8-acre lot.

    1568 County Road 103, Nederland, CO 80466
    View details
    Undeveloped Corner Lot in Ward
    $160,000
    1.03 Acres

    Undeveloped Corner Lot in Ward

    One-acre corner lot in Bar-K Ranch neighborhood near Boulder.

    24 Hickok Trl, Ward, CO 80481
    View details
    34 Acres in Laporte, Colorado
    $595,000
    34.00 Acres

    34 Acres in Laporte, Colorado

    Land offering space, mountain views, and recreational opportunities near Fort Collins.

    7805 Arapahoe Valley Rd, Laporte, CO 80535
    View details
    Land with Mountain Views
    $150,000
    2.67 Acres

    Land with Mountain Views

    2.67 acres to build your dream mountain home.

    875 Pine Tree Dr, Estes Park, CO 80517
    View details
    Undeveloped Lot with Storage Building
    $299,000
    0.71 Acres

    Undeveloped Lot with Storage Building

    Johnstown, CO lot with storage building, ideal for development.

    6760 Lakota Ct, Johnstown, CO 80534
    View details
    Vacant Land with Mountain Views
    $180,000
    3.00 Acres

    Vacant Land with Mountain Views

    Three-acre lot near National Forest with utilities available.

    919 Roush Dr, Pagosa Springs, CO 81147
    View details
    34 Acres Near Fort Collins
    $595,000

    34 Acres Near Fort Collins

    34 acres ideal for custom home, horses, hobby farm.

    7805 Arapahoe Valley Rd, Laporte, CO 80535
    View details
    Johnstown Land with Storage Building
    $299,000

    Johnstown Land with Storage Building

    Undeveloped lot with storage building in Johnstown, Colorado.

    6760 Lakota Ct, Johnstown, CO 80534
    View details
    Undeveloped Lot with Storage Building
    $299,000

    Undeveloped Lot with Storage Building

    Undeveloped lot with storage building in Johnstown, Colorado.

    6760 Lakota Ct, Johnstown, CO 80534
    View details
    8-Acre Mountain View Land
    $430,000

    8-Acre Mountain View Land

    8-acre lot with views near Peak to Peak Highway.

    1568 County Road 103, Nederland, CO 80466
    View details
    Undeveloped Corner Lot in Ward
    $160,000

    Undeveloped Corner Lot in Ward

    Rare 1-acre lot in Bar-K Ranch neighborhood.

    24 Hickok Trl, Ward, CO 80481
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8z Real Estate
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