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Property profile & analytics
FOR LEASE
Medical Office Space
10535 Park Meadows Blvd, Lone Tree, CO 80124
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-1240868
For Lease
1 / 3
$36,000,000
10535 Park Meadows Blvd, Lone Tree, CO 80124
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Total area
80,178 SF
Lot
4.85 ac (211,266 SF)
APN
R0475695
UPID
US13-1240868
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
$33.13M
Blend (final)
Blend
$36.00M
Owner & transaction history
At Ridgegate Mob LLC · 5 yrs held
At Ridgegate Mob LLC
since 2021
Last sale
$37.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$35.1M
+44.1%
Restaurant
$32.8M
+34.7%
Auto repair, garage
$32.1M
+31.9%
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
$35,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$24,345,000
Current use
COMMERCIAL (GENERAL)
$35,075,000
Change: +44% · Conversion: Easy
RESTAURANT
$32,790,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$32,115,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,025,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$25,785,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$24,925,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$36.00M
Range $32.40M – $39.60M · ±10% · vs last sale $37.68M (Apr 1 2021)
Last sale anchor
$37.68M
Apr 1 2021
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
$449 / 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
$989,461
Tax year 2023
Assessed value
$7,071,710
Assessed 2023
Previous assessed
$5,152,720
+37.2% YoY
Effective rate
13.99%
On assessed value
Assessed land
$716,750
Assessed improvement
$6,354,960
Land market value
$2,568,995
Improvement market value
$22,777,628
Total market value
$25,346,623
Applied tax rate
3,530.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2019
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Total area
80,178 SF
Lot
4.85 ac (211,266 SF)
APN
R0475695
UPID
US13-1240868
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
MEDICAL BUILDING Current
Est. value
$24.3M
COMMERCIAL (GENERAL)
Est. value
$35.1M
RESTAURANT
Est. value
$32.8M
AUTO REPAIR, GARAGE
Est. value
$32.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.0M
RETAIL STORES
Est. value
$25.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2019
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
4.85 ac
Current owner
From public records · entity-resolved
At Ridgegate Mob LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1920 MAIN ST STE #1200, IRVINE, CA 92614-7230
Ownership since
2021
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
Apr 1, 2021
$37,675,300
At Ridgegate Mob LLC
Pinnacle At Ridgegate LLC
Special Warranty Deed
—
Oct 10, 2018
—
Pinnacle At Ridgegate LLC
—
Grant Deed
related
$23,000,000 · Miscellaneous Ins Co
Sep 19, 2018
$4,225,200
Pinnacle At Ridgegate LLC
Ridgegate Invs INC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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