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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Distribution centers
10401 102nd Ave Commerce City, CO 80640-8499
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-1295063
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Total area
56,000 SF
Lot
8.19 ac (356,756 SF)
APN
R0137098
UPID
US13-1295063
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
L & R Properties Lllp · 9 yrs held
L & R Properties Lllp
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$79 / 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
$154,942
Tax year 2023
Assessed value
$1,703,600
Assessed 2023
Previous assessed
$1,984,440
-14.2% YoY
Effective rate
9.09%
On assessed value
Assessed land
$557,730
Assessed improvement
$1,145,870
Land market value
$1,999,043
Improvement market value
$4,107,057
Total market value
$6,106,100
Applied tax rate
248.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
56,000 SF
Lot
8.19 ac (356,756 SF)
APN
R0137098
UPID
US13-1295063
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
Building & site characteristics
From public records
Year built
2008
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
8.19 ac
Current owner
From public records · entity-resolved
L & R Properties Lllp
Entity
Mailing address
10401 E 102ND AVE, COMMERCE CITY, CO 80640-8499
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2020
—
L & R Properties Lllp
—
Deed
related
$750,000 · Pb&t Bk
Apr 7, 2020
—
L & R Properties Lllp
—
Deed
related
$3,355,500 · Pb&t Bk
Apr 6, 2020
—
L & R Properties LLP
—
Deed
related
$750,000 · Pb&t Bk
Jun 19, 2017
—
L & R Properties Lllp
—
Deed
related
$3,000,000 · Sunflower Bank NA
Feb 28, 2017
$4,350,000
L & R Properties Lllp
Kushniroff Investments LLC
Grant Deed
$5,200,000 · Access Busn Fin
Dec 28, 2006
$787,000
Kushniroff Investments LLC
Gardner,james W
Warranty Deed
—
Dec 28, 2006
—
James W Gardner
Gardner-kushniroff R/e LLC
Quit Claim Deed
related
—
—
—
L & R Properties Lllp
—
Deed Of Trust
related
$3,355,500 · Pb&t Bk
—
—
Kushniroff Investments LLC
—
Deed Of Trust
related
$1,662,000 · Guaranty Bank
—
—
Kushniroff Investments LLC
—
Loan Modification
related
$1,569,000 · Sunflower Bk
—
—
L & R Properties Lllp
—
Deed Of Trust
related
$750,000 · Pb&t Bk
—
—
L & R Properties LLP
—
Deed Of Trust
related
$750,000 · Pb&t Bk
—
—
Kushniroff Investments LLC|urban Self Storage Denv
—
Loan Modification
related
$1,569,000 · Sunflower Bk
—
—
Kushniroff Investments LLC
—
Deed Of Trust
related
$1,692,774 · Wells Fargo Bank
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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