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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Commercial real estate
956 Cherry St Louisville, CO 80027-3051
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2818168
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Construction
BRICK
Total area
5,660 SF
Lot
0.99 ac (42,950 SF)
Zoning code
2112
APN
1575-18-3-43-009
UPID
US13-2818168
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
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.35M
Owner & transaction history
Mds 956 Cherry LLC · 6 yrs held
Mds 956 Cherry LLC
since 2019
3 recorded transactions
Zoning & alternative use
2112 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+11.9%
Retail stores
$2.1M
+8.4%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,895,000
Current use
RESTAURANT
$2,120,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,055,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$1,575,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10%
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
$238 / 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
$66,435
Tax year 2023
Assessed value
$760,276
Assessed 2023
Previous assessed
$591,037
+28.6% YoY
Effective rate
8.74%
On assessed value
Assessed land
$298,391
Assessed improvement
$461,885
Land market value
$1,069,500
Improvement market value
$1,655,500
Total market value
$2,725,000
Applied tax rate
90.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
5,660 SF
Lot
0.99 ac (42,950 SF)
Zoning code
2112
APN
1575-18-3-43-009
UPID
US13-2818168
Jurisdiction
BOULDER
Zoning & alternative use
2112 · Louisville, CO
Zoning 2112 · permitted uses
2112 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
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
1995
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Mds 956 Cherry LLC
Entity
Mailing address
712 MAIN ST, LOUISVILLE, CO 80027-1830
Ownership since
2019
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 12, 2019
$2,710,000
Mds 956 Cherry LLC
958 Cherry Street LLC
Warranty Deed
$2,000,000 · Central Trust Bank
Jun 17, 2011
$2,250,000
956 Cherry Street LLC
Westrise Retail II LLC
Grant Deed
$1,886,721 · Wells Fargo Bk N #2005-c3 (ce)
Mar 7, 2005
$2,550,000
Westrise Retail II LLC
Centennial Marketplace LLC
Grant Deed
$2,010,000 · Column Financial INC
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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