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Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Grocery and convenience stores
11010 120th Ave Henderson, CO 80640-8497
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0879540
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Total area
4,598 SF
Lot
2.19 ac (95,396 SF)
APN
R0071344
UPID
US13-0879540
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
-
R & B Food & Gas Grocery & Convenience Store
-
Valero Gas Station
-
Tail feathers Bar & Pub
-
Tailfeathers Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$4.04M
Owner & transaction history
Department Of Transportation State · 3 yrs held
Department Of Transportation State
since 2023
Last sale
$4.0M
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
$4,375,000
ML approach
$4,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10% · vs last sale $4.00M (Feb 6 2023)
Last sale anchor
$4.00M
Feb 6 2023
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
$878 / 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
$62,115
Tax year 2023
Assessed value
$517,110
Assessed 2023
Previous assessed
$463,050
+11.7% YoY
Effective rate
12.01%
On assessed value
Assessed land
$133,200
Assessed improvement
$383,910
Land market value
$477,400
Improvement market value
$1,376,001
Total market value
$1,853,401
Applied tax rate
310.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1986
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
4,598 SF
Lot
2.19 ac (95,396 SF)
APN
R0071344
UPID
US13-0879540
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
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.19 ac
Current owner
From public records · entity-resolved
Department Of Transportation State
Entity
Mailing address
2829 W HOWARD PL, DENVER, CO 80204-2305
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
—
Department Of Transportation State
Timothy G Thoms
Warranty Deed
—
Mar 25, 2019
—
Timothy G Thoms
—
Deed
related
$249,000 · Independent Bk
—
—
Timothy G Thoms
—
Deed Of Trust
related
$217,155 · Guaranty Bank
—
—
Thoms,timothy G
—
Deed Of Trust
related
$659,000 · Guaranty Bk
—
—
Timothy G Thoms
—
Deed Of Trust
related
$249,000 · Independent Bk
—
—
Timothy G Thoms
—
Loan Modification
related
$659,000 · Independent Bk
—
—
Timothy G Thoms
—
Deed Of Trust
related
$595,842 · Guaranty Bank
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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