Entity Owned 
For Lease
1 / 2
$20 SF/Yr
1116 W Dillon Rd, Louisville, CO 80027
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Property summary
AI-generated overview
A retail property configured for leasing with available spaces ranging from 692 to 11,224 square feet. The building is positioned at the intersection of US 36 and McCaslin Blvd, a high-traffic area with traffic counts reported at McCaslin Blvd and Dillon Rd of 39,882. Spaces are delivered in a vanilla shell condition and include HVAC systems, with provisions for tenant finishing. Restaurant use is supported by infrastructure including a grease trap and an outdoor patio. The property is described as having tenant improvement allowance availability of $50 per square foot, 73 on-site parking spaces, and monument signage. The site is described as suitable for retail, restaurants, and other restaurant-related businesses, with nearby businesses including a mix of dining, retail, services, and hospitality uses such as Home Depot in the surrounding area.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2000
Construction
BRICK
Total area
11,751 SF
Lot
1.03 ac (44,997 SF)
Zoning code
2112
APN
1577-13-0-10-002
UPID
US13-2604195
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice Spa & Massage Center
-
Nail Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$4.00M
Owner & transaction history
since 2024
Last sale
$4.0M
2 recorded transactions
Zoning & alternative use
2112 · Louisville, CO
Top alternative use upside
Auto repair, garage
$5.0M
+27.4%
Restaurant
$4.4M
+11.9%
Retail stores
$4.3M
+8.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.00M
Value range
$3.60M – $4.40M
±10% around blend
Estimated value / SF
$340 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$3.60M
blend $4.00M
$4.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,751 SF
Lot area
1.03 ac
Year built
2000
APN
1577-13-0-10-002
Zoning
2112
Assessed value
$242,960
Annual tax
$21,467
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$21,467
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.94M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.5 mi away · 11,200 SF
18.8 mi away · 8,728 SF
22.1 mi away · 14,400 SF
22.1 mi away · 14,400 SF
24.6 mi away · 12,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 28 sales
$335
+2%
Submarket 108 sales
$276
+23%
County 293 sales
$385
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $340/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+27%
vs current-use indication
Restaurant
Retail Stores
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.90%
Selected cap rate for this commercial land
Derived from the Louisville market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.90%
9.0%
NOI (est.)
$222k *
Last sale · Jun 2024
$4.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.69M
Move the market yield to see immediate price impact.
Value / SF
$484
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.40%3.90%4.40%
$200k
$5.88M
$5.12M
$4.54M
$222k
$6.53M
$5.69M
$5.05M
$244k
$7.18M
$6.26M
$5.55M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$2.40M
13.6 mi · Dec 2025 · $263/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,467
Tax year 2023
Assessed value
$242,960
Assessed 2023
Previous assessed
$252,539
-3.8% YoY
Effective rate
8.84%
On assessed value
Assessed land
$242,960
Land market value
$870,825
Total market value
$870,825
Applied tax rate
90.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
2000
Construction
BRICK
Heating
NONE
Total area
11,751 SF
Lot
1.03 ac (44,997 SF)
Zoning code
2112
APN
1577-13-0-10-002
UPID
US13-2604195
Jurisdiction
BOULDER
Zoning & alternative use
2112 · Louisville, COZoning 2112 · permitted uses
2112 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
NONE
Lot
1.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
2112
Jurisdiction
Louisville, CO
Recorded code
2112
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 2112 in Louisville, CO.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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