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Property profile & analytics
FOR SALE
Medical Office Space
1120 Alpine Ave Boulder, CO 80304
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0892702
For Sale
1 / 5
$5,000,000
1120 Alpine Ave, Boulder, CO 80304
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
BRICK
Total area
6,151 SF
Lot
0.52 ac (22,738 SF)
Zoning code
2137
APN
1461-25-1-00-003
UPID
US13-0892702
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
-
Roots & Branches Acupuncture Medical Clinic Alternative Medicine Practice
-
Fridrich Scott J DDS Dental Office
-
Alpine Foot & Ankle Clinic Physician
-
Boulder Nutrition Physician
-
Trust Your Gut Nutrition Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$510k
Owner & transaction history
Warren M Hern · 8 yrs held
Warren M Hern
since 2018
6 recorded transactions
Zoning & alternative use
2137 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$745,000
+7.1%
Retail stores
$730,000
+5.2%
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 Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder 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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$695,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$83 / 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
$62,136
Tax year 2023
Assessed value
$727,883
Assessed 2023
Previous assessed
$390,949
+86.2% YoY
Effective rate
8.54%
On assessed value
Assessed land
$559,981
Assessed improvement
$167,902
Land market value
$2,007,100
Improvement market value
$601,800
Total market value
$2,608,900
Applied tax rate
10.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1967
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
7
Total area
6,151 SF
Lot
0.52 ac (22,738 SF)
Zoning code
2137
APN
1461-25-1-00-003
UPID
US13-0892702
Jurisdiction
BOULDER
Zoning & alternative use
2137 · Boulder, CO
Zoning 2137 · permitted uses
2137 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boulder. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RETAIL STORES
Est. value
$730,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1967
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
7
Lot
0.52 ac
Current owner
From public records · entity-resolved
Warren M Hern
Individual
Mailing address
1130 ALPINE AVE, BOULDER, CO 80304-3402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2018
—
Warren M Hern
—
Deed
related
—
—
—
Warren M Hern
—
Loan Modification
related
$444,763 · Colorado Busn Bk
—
—
Warren M Hern
—
Loan Modification
related
—
—
—
Warren M Hern
—
Loan Modification
related
—
—
—
Warren M Hern
—
Loan Modification
related
—
—
—
Warren M Hern
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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