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Property profile & analytics
OFF-MARKET
Estimated value
$82,755,000
Apartment buildings
10346 Park Mdws Dr Lone Tree, CO 80124-6870
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-2324448
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
FRAME
Total area
386,262 SF
Lot
2.94 ac (128,066 SF)
APN
R0496275
UPID
US13-2324448
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
$90.23M
Comparable Approach
Comparable
$85.57M
Blend (final)
Blend
$82.76M
Owner & transaction history
Areit Lincoln Station LLC · 2 yrs held
Areit Lincoln Station LLC
since 2023
Last sale
$80.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$125.4M
+4.4%
Retail stores
$124.2M
+3.5%
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 Lone Tree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lone Tree 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
$77,985,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$97,750,000
6.5%
$90,230,000
7%
$83,785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$120,075,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$125,365,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$124,220,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$117,290,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$98,845,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$82.76M
Range $74.48M – $91.03M · ±10% · vs last sale $80.00M (Aug 16 2023)
Last sale anchor
$80.00M
Aug 16 2023
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
$214 / 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
$534,210
Tax year 2023
Assessed value
$5,673,560
Assessed 2023
Previous assessed
$4,732,800
+19.9% YoY
Effective rate
9.42%
On assessed value
Assessed land
$120,130
Assessed improvement
$5,553,430
Land market value
$1,792,930
Improvement market value
$82,887,070
Total market value
$84,680,000
Applied tax rate
3,627.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Bathrooms
315
Total area
386,262 SF
Lot
2.94 ac (128,066 SF)
APN
R0496275
UPID
US13-2324448
Jurisdiction
DOUGLAS
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
$120.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$125.4M
RETAIL STORES
Est. value
$124.2M
MEDICAL BUILDING
Est. value
$117.3M
OFFICE BUILDING
Est. value
$98.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Bathrooms
315
Lot
2.94 ac
Current owner
From public records · entity-resolved
Areit Lincoln Station LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1200 17TH ST STE #2900, DENVER, CO 80202-5831
Ownership since
2023
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
Aug 16, 2023
$80,000,000
Areit Lincoln Station LLC
Dd Lincoln Station LLC
Special Warranty Deed
—
Mar 31, 2020
—
Dd Lincoin Station LLC
—
Deed
related
$37,000,000 · Metlife R/e Lndg LLC
May 5, 2017
—
Dd Lincoln Station LLC
—
Trustees Deed
related
$35,000,000 · Texas Cap Bk
—
—
Dd Lincoin Station LLC
—
Deed Of Trust
related
$37,000,000 · Metlife R/e Lndg LLC
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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