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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Strip malls
10731 Alameda Ave Aurora, CO 80012-1052
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0231382
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,748 SF
Lot
1.24 ac (54,014 SF)
Zoning code
RAOD
APN
1973-11-3-41-001
UPID
US13-0231382
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
$2.44M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.86M
Owner & transaction history
Melala Shopping Center LLC · 4 yrs held
Melala Shopping Center LLC
since 2021
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
RAOD · Aurora, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+26.0%
Auto repair, garage
$3.9M
+23.4%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$2,870,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,635,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,165,000
Current use
RESTAURANT
$3,985,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,905,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,155,000
Change: 0% · Conversion: Easy
RETAIL STORES
$3,135,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,030,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$2,960,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±10% · vs last sale $3.10M (Dec 20 2021)
Last sale anchor
$3.10M
Dec 20 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
$293 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$49,700
Tax year 2021
Assessed value
$493,565
Assessed 2023
Previous assessed
$493,290
+0.1% YoY
Effective rate
10.07%
On assessed value
Land market value
$809,655
Improvement market value
$989,395
Total market value
$1,799,050
Applied tax rate
1,155.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
7
Total area
9,748 SF
Lot
1.24 ac (54,014 SF)
Zoning code
RAOD
APN
1973-11-3-41-001
UPID
US13-0231382
Jurisdiction
ARAPAHOE
Zoning & alternative use
RAOD · Aurora, COZoning RAOD · permitted uses
RAOD · Aurora, CO
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
7
Lot
1.24 ac
Current owner
From public records · entity-resolved
Melala Shopping Center LLC
Entity
Mailing address
1249 S VERBENA ST, DENVER, CO 80247-3089
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$3,100,000
Melala Shopping Center LLC
Ironton Aurora Partners LLC
Special Warranty Deed
$2,325,000 · Citywide Banks
—
—
Ironton-aurora Partners LLC
—
Deed Of Trust
related
$1,920,000 · Amfirst Bank
—
—
Ironton-aurora Partners LLC
—
Deed Of Trust
related
$3,309,067 · Firstbank Of Denver NA
—
—
Ironton Aurora Partners LLC
—
Deed Of Trust
related
$550,000 · Amfirst Bank
—
—
Ironton-aurora Partners LLC
—
Deed Of Trust
related
$780,000 · Richard M Neistat
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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