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Property profile & analytics
FOR LEASE
Retail space
11052 Cimarron St Longmont, CO 80504
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1519247
For Lease
1 / 13
$24 SF/Yr
11052 Cimarron St, Longmont, CO 80504
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
12,480 SF
Lot
1.33 ac (58,065 SF)
APN
R3103404
UPID
US13-1519247
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
$1.45M
Owner & transaction history
Bluestem Tech Center LLC · 10 yrs held
Bluestem Tech Center LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+11.5%
Industrial (general)
$2.3M
+8.3%
Warehouse, storage
$2.2M
+4.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,140,000
Current use
RESTAURANT
$2,385,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,320,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,225,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$2,080,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$116 / 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
$77,380
Tax year 2023
Assessed value
$781,200
Assessed 2023
Previous assessed
$781,200
+0.0% YoY
Effective rate
9.91%
On assessed value
Assessed land
$162,010
Assessed improvement
$619,190
Land market value
$580,690
Improvement market value
$2,219,310
Total market value
$2,800,000
Applied tax rate
2,084.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2018
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
12,480 SF
Lot
1.33 ac (58,065 SF)
APN
R3103404
UPID
US13-1519247
Jurisdiction
WELD
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
RETAIL STORES Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2018
Heating
YES
Cooling
Yes
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Bluestem Tech Center LLC
Entity
Mailing address
2727 MADISON DR, LONGMONT, CO 80503-9124
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2019
—
Bluestem Tech Center LLC
—
Deed
related
$1,564,765 · Bank Of Co
Jan 28, 2019
—
Bluestem Tech Center LLC
—
Deed
related
$1,564,735 · Bank Of Co
Apr 26, 2018
—
Bluestem Tech Center LLC
—
Trustees Deed
related
$1,193,285 · Bank Of Co
Jun 27, 2016
$275,000
Bluestem Tech Center LLC
Mutual Of Omaha Loanpro LLC
Special Warranty Deed
$642,000 · Home State Bank
Feb 22, 2012
—
Mutual Of Omaha Loanpro LLC
Mutual Of Omaha Bk
Quit Claim Deed
related
—
Jan 19, 2010
$1,292,000
Mutual Of Omaha Loanpro LLC
Mutual Of Omaha Bk
Grant Deed
—
Sep 15, 2008
—
Mutual Of Omaha Bank
Deputy Public Te Of Weld Cnty
Trustees Deed
related
—
Aug 21, 2008
$1,620,000
Best Buy Hms Colorado INC
Deputy Public Te Of Weld Cnty
Certificate Of Purchase
$1,650,000
—
—
Bluestem Tech Center LLC
—
Loan Modification
related
$1,564,765 · Bank Of Co
—
—
Bluestem Tech Center LLC
—
Loan Modification
related
$1,564,735 · Bank Of Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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