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Property profile & analytics
OFF-MARKET
Estimated value
$8,190,000
Outlet malls
10602 Melody Dr Northglenn, CO 80234-4114
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2786932
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1986
Total area
76,087 SF
Lot
5.32 ac (231,739 SF)
APN
R0138745
UPID
US13-2786932
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
$8.19M
Owner & transaction history
Kederike Lemay LLC · 2 yrs held
Kederike Lemay LLC
since 2023
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 Northglenn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northglenn 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
$108 / 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
$201,085
Tax year 2023
Assessed value
$1,592,120
Assessed 2023
Previous assessed
$1,580,190
+0.8% YoY
Effective rate
12.63%
On assessed value
Assessed land
$310,200
Assessed improvement
$1,281,920
Land market value
$1,111,814
Improvement market value
$4,594,711
Total market value
$5,706,525
Applied tax rate
134.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1986
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
76,087 SF
Lot
5.32 ac (231,739 SF)
APN
R0138745
UPID
US13-2786932
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
1986
Heating
OTHER
Cooling
Yes
Stories
2
Lot
5.32 ac
Current owner
From public records · entity-resolved
Kederike Lemay LLC
Entity
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
Kederike Lemay LLC
Mp Northglenn LLC
Declaration
related
—
Jun 16, 2022
—
Mp Northglenn LLC
—
Deed
related
$854,603 · Lowes Home Centers LLC
Jan 17, 2020
$5,097,000
Mp Northglenn LLC
Arrowrock II Northglenn LLC
Grant Deed
—
Jan 17, 2020
—
Mp Northglenn LLC
—
Deed
related
$30,000 · Nly 2019-fl2 Issuer Ltd
Jan 20, 2017
—
Arrowrock II Northglenn LLC
Arrowrock Northglenn LLC
Quit Claim Deed
related
$2,291,218 · Carrollton Bk
Apr 20, 2011
—
Arrowrock Northglenn LLC
—
Deed Of Trust
related
$2,156,558 · Carrollton Bk
Feb 4, 2011
$3,050,000
Arrowrock Northglenn LLC
Northglenn Retail LLC
Grant Deed
related
—
Sep 2, 2010
—
Northglenn Retail LLC
Kessinger,charles L & Jacque L
Grant Deed
related
—
Aug 11, 2006
$4,725,000
Fre Northglenn Retail LLC
Mds Realty II LLC
Grant Deed
$3,500,000 · Washington Mutual Fsb
Jan 19, 2006
—
Mds Realty II LLC
—
Deed Of Trust
related
$575,000,000 · Greenwich Capital Fin'l INC
Sep 28, 2004
—
Mds Realty II LLC
Mervyns LLC
Grant Deed
$675,000,000 · Greenwich Capital Fin'l INC
—
—
Charles L Kessinger
—
Deed Of Trust
related
—
—
—
Fre Northglenn Retail LLC
—
Deed Of Trust
related
$9,350,000 · Washington Mutual Fsb
—
—
Mp Northglenn LLC
—
Loan Modification
related
$30,000 · Nly 2019-fl2 Issuer Ltd
—
—
Arrowrock Northglenn LLC
—
Deed Of Trust
related
$5,180,000 · Carrollton Bank
—
—
Arrowrock II Northglenn LLC
—
Loan Modification
related
$2,291,218 · Carrollton Bk
—
—
Charles L Kessinger
—
Deed Of Trust
related
—
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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