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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Office buildings
1120 Boston Ave Longmont, CO 80501-5882
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0682035
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
CONCRETE
Total area
3,080 SF
Lot
0.45 ac (19,646 SF)
Zoning code
300
APN
1315-10-2-02-003
UPID
US13-0682035
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
-
Dent Experts Hail Repair Auto Repair Shop
-
LSE Builders Group Construction Company
-
Rainbow Electric General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.39M
Owner & transaction history
7 South Parish Avenue LLC · 2 yrs held
7 South Parish Avenue LLC
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
300 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Code
Top alternative use upside
Auto repair, garage
$1.2M
+24.8%
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
$1,385,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$970,000
Current use
AUTO REPAIR, GARAGE
$1,210,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.39M (Jun 24 2024)
Last sale anchor
$1.39M
Jun 24 2024
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
$450 / 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
$26,324
Tax year 2023
Assessed value
$287,370
Assessed 2023
Previous assessed
$287,370
+0.0% YoY
Effective rate
9.16%
On assessed value
Assessed land
$117,180
Assessed improvement
$170,190
Land market value
$420,000
Improvement market value
$610,000
Total market value
$1,030,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
3,080 SF
Lot
0.45 ac (19,646 SF)
Zoning code
300
APN
1315-10-2-02-003
UPID
US13-0682035
Jurisdiction
BOULDER
Zoning & alternative use
300 · Longmont, COZoning 300 · permitted uses
300 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$850,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2016
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
7 South Parish Avenue LLC
Entity
Mailing address
318 MAIN ST, LONGMONT, CO 80501-5527
Ownership since
2024
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
Jun 24, 2024
—
7 South Parish Avenue LLC
7 South Parish Avenue LLC
Intrafamily Transfer
related
$574,000 · B Side Capital
May 8, 2024
$1,385,000
7 South Parish Avenue LLC
Tropical Palms Property LLC
Special Warranty Deed
$556,000 · Flatirons Bank
Feb 23, 2017
—
Michael Sutak
Bog LLC
Quit Claim Deed
$490,053 · Rawlins Nat'l Bk
Feb 23, 2017
$18,750
Lynda Nagl
Sutak,michael
Grant Deed
—
Dec 11, 2015
—
Bog LLC
—
Trustees Deed
related
$500,000 · Rawlins Nat'l Bk
—
—
Tropical Palms Property LLC
—
Loan Modification
related
$490,053 · Rawlins Nat'l Bk
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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