Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 128th Ave Thornton, CO 80241-2410
    Back to Search
    Property profile & analytics

    111 128th Ave, Thornton, CO 80241-2410

    View on Map
    • Specialty properties
    • 12,750 SF
    • 2.30 lot acres
    Off-Market
    Last Sale Apr 9, 2020
    $893,400
    Property ID
    US13-1453787
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 111 128th Ave

    Year built
    2020
    Lot size
    2.30 lot acres
    Property type
    Specialty properties
    APN
    R0170351
    APU
    R0170351

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 9, 2020 — Riviera Properties LLC Tmc Thornton LLC Grant Deed · related —
    Sep 26, 2013 $893,400 Grant Street Properties LLC Jatco Properties LLC Grant Deed —
    Nov 20, 2007 $1,510,000 Jatco Properties LLC Rolling Hills Land Warranty Deed $357k · Rolling Hills Land Co
    Sep 27, 2006 $1,500,000 Rolling Hills Land Co 128th Ltd Grant Deed —
    — — Jatco Properties LLC — Deed Of Trust · related $1.1M · Rolling Hills Land Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,040,000
      ML approach
      $1,070,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,575,000
      INDUSTRIAL (GENERAL)
      $1,405,000
      OFFICE BUILDING
      $1,295,000
      RETAIL STORES
      $845,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Adams
    State
    Colorado
    Longitude
    -104.984
    Latitude
    39.929
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $93,722
    $209,830
    $640,870
    $850,700
    -
    $752,063
    $2,297,037
    $3,049,100

    Comparable in this City

    • Value Estimation
      $600,000
      3,450 SF

      12801 Lafayette St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      12801 Lafayette St, Thornton, CO 80241-3995
      View Details
    • Value Estimation
      $1,025,000
      15,120 SF

      2900 136th Ave

      CHARITABLE ORGANIZATION
      2900 136th Ave, Thornton, CO 80241-3541
      View Details
    • Value Estimation
      $30,725,000
      20,034 SF

      12929 Washington St

      KENNEL
      12929 Washington St, Thornton, CO 80241-2514
      View Details
    • Value Estimation by Request
      5,440 SF

      12311 Washington St

      VETERINARY, ANIMAL HOSPITAL
      12311 Washington St, Thornton, CO 80241-3103
      View Details
    • Value Estimation
      $915,000
      16,000 SF

      2750 136th Ave

      VETERINARY, ANIMAL HOSPITAL
      2750 136th Ave, Thornton, CO 80241-3432
      View Details
    • Value Estimation by Request

      12020 Colorado Blvd

      CHARITABLE ORGANIZATION
      12020 Colorado Blvd, Thornton, CO 80241-3562
      View Details

    Similar Nearby for Sale

    • $19,750,000

      Thornton Manufacturing Facility For Sale

      144,425 SF high-tech manufacturing facility 100% leased.
      12300 Grant St, Thornton, CO 80241
      View Details
    • $2,199,000

      Eastlake Acreage for Land Value

      5.431-acre property with small ranch home, sold for land.
      3225 E 124Th Ave, Thornton, CO 80241
      View Details
    • $2,199,000

      Eastlake Acreage for Land Value

      5.431-acre property in Eastlake with a small ranch-style home.
      3225 E 124 Cir, Thornton, CO 80241
      View Details
    • Contact for pricing

      Thornton Land in Business Park

      Land suitable for flex, light industrial, and office development.
      12196 Grant Cir, Thornton, CO 80241
      View Details
    • Contact for pricing

      Land with High Traffic Exposure

      Land with excellent access and visibility on 120th Avenue.
      1801 E 121St Ave, Northglenn, CO 80241
      View Details
    • Contact for pricing

      Commercial Land Parcel in Thornton

      1.5-acre commercial land parcel with I-25 access.
      12240 Washington Center Pkwy, Thornton, CO 80241
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease in Thornton, Colorado.
      1101 E 126Th Ave, Thornton, CO 80241
      View Details
    • Contact for pricing
      1,190 SF

      Retail Space with Signage Opportunity

      Retail space available for lease with high-visibility signage.
      2145 E 120Th Ave, Northglenn, CO 80241
      View Details
    • Contact for pricing
      1,915 SF

      Retail Space in Thornton, Colorado

      Retail spaces available for lease in Thorn Creek Crossing.
      1281 E 120Th Ave, Thornton, CO 80241
      View Details
    • Contact for pricing
      119,947 SF

      Thornton Warehouse with Highway Access

      Warehouse space with flexible options and highway access in Thornton.
      251 E 128Th Ave, Thornton, CO 80241
      View Details
    • Contact for pricing
      87,955 SF

      Thornton Warehouse with Office Space

      Warehouse space in Thornton with dock-high and drive-in doors.
      12625 Lafayette St, Thornton, CO 80241
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 128th Ave
    Thornton, CO 80241-2410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    111 128th Ave, Thornton, CO, 80241
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!