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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Banks
1079 Hover St Longmont, CO 80501-7923
Entity Owned
10-yr Hold
Free & Clear
Property ID
US13-0982175
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
5,552 SF
Lot
1.33 ac (57,978 SF)
Zoning code
2120
APN
1315-08-0-42-003
UPID
US13-0982175
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
Current use
Occupant on record · Public records
-
FRAZIER MEDIA Film Production Television Studio
-
White Mountain Technology & Consulting, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
A Better Home Inspection Home Inspector Building Inspector
-
Bassett Insurance Group - Safeco Insurance Agent Insurance Agency
-
Bassett Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$570k
Owner & transaction history
M3 Properties LLC · 10 yrs held
M3 Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
2120 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$925,000
+106.0%
Commercial (general)
$820,000
+82.8%
Restaurant
$705,000
+57.3%
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$450,000
Current use
OFFICE BUILDING
$925,000
Change: +106% · Conversion: Difficult
COMMERCIAL (GENERAL)
$820,000
Change: +83% · Conversion: Difficult
RESTAURANT
$705,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$103 / 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
$89,130
Tax year 2023
Assessed value
$953,037
Assessed 2023
Previous assessed
$870,000
+9.5% YoY
Effective rate
9.35%
On assessed value
Assessed land
$202,136
Assessed improvement
$750,901
Land market value
$724,500
Improvement market value
$2,691,400
Total market value
$3,415,900
Applied tax rate
680.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
5,552 SF
Lot
1.33 ac (57,978 SF)
Zoning code
2120
APN
1315-08-0-42-003
UPID
US13-0982175
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Longmont, CO
Zoning 2120 · permitted uses
2120 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$450,000
OFFICE BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$820,000
RESTAURANT
Est. value
$705,000
RETAIL STORES
Est. value
$650,000
MEDICAL BUILDING
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$545,000
FINANCIAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
M3 Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
650 S CHERRY ST STE #1400, DENVER, CO 80246-1815
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2016
—
M3 Properties LLC
Macy,todd A
Grant Deed
—
Jul 13, 2015
$1,138,400
Justin D Macy
Lozinski Roberta K
Grant Deed
—
Jul 13, 2015
$569,200
Justin D Macy
Macy M Marie
Grant Deed
related
—
Jul 13, 2015
—
Roberta K Lozinski
M3 Properties LLC
Grant Deed
related
—
Aug 16, 2005
—
1079 M3 LLC
—
Trustees Deed
related
$2,000,000 · First Mainstreet Bank NA
Jul 14, 2005
—
1079 M3 LLC
M3 Properties LLC
Grant Deed
—
Jul 12, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
1079 M3 LLC
—
Deed Of Trust
related
$2,100,000 · Jefferson-pilot Life Insurance
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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