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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Office buildings
10699 Melody Dr Northglenn, CO 80234-4134
Entity Owned
9-yr Hold
Free & Clear
Property ID
US13-0336013
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
6,320 SF
Lot
0.5 ac (21,780 SF)
APN
R0037166
UPID
US13-0336013
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
$1.52M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.82M
Owner & transaction history
Concentus Parners LLC · 9 yrs held
Concentus Parners LLC
since 2016
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+59.8%
Auto repair, garage
$2.5M
+56.5%
Neighborhood: shopping center
$2.1M
+26.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,645,000
6.5%
$1,520,000
7%
$1,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,615,000
Current use
RESTAURANT
$2,585,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,530,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,050,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,045,000
Change: +26% · Conversion: Easy
RETAIL STORES
$2,035,000
Change: +26% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,965,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$1,920,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $2.00M (Jan 19 2024)
Last sale anchor
$2.00M
Jan 19 2024
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
$287 / 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
$31,108
Tax year 2023
Assessed value
$246,300
Assessed 2023
Previous assessed
$205,710
+19.7% YoY
Effective rate
12.63%
On assessed value
Assessed land
$45,570
Assessed improvement
$200,730
Land market value
$163,350
Improvement market value
$719,450
Total market value
$882,800
Applied tax rate
807.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
6,320 SF
Lot
0.5 ac (21,780 SF)
APN
R0037166
UPID
US13-0336013
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1968
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Concentus Parners LLC
Entity
Free & Clear · 9 yrs held
Mailing address
520 ZANG ST STE #222, BROOMFIELD, CO 80021-8224
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2016
$3,800,000
Concentus Parners LLC
10701 Meloidy Dr LLC
Warranty Deed
—
Mar 16, 2000
$4,975,000
10701 Melody Drive LLC
Nob Associates
Grant Deed
—
Feb 9, 1999
—
Nob Associates LLC
—
Deed Of Trust
related
$3,500,000 · Guaranty Bank & Trust Co
—
—
10701 Melody Drive LLC
—
Deed Of Trust
related
$3,300,000 · Midfirst Bank State Savings Bk
—
—
Concentus Partners LLC
—
Deed Of Trust
related
$4,250,000 · Jp Morgan Chase Bk
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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