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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Warehouses
1121 Delaware Ave, Longmont, CO 80501-6162
Entity Owned
6-yr Hold
Free & Clear
Property ID
US13-0040939
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Construction
CONCRETE BLOCKS
Total area
6,000 SF
Lot
0.33 ac (14,375 SF)
Zoning code
2135
APN
1315-10-2-24-002
UPID
US13-0040939
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
-
DC's Machining Industrial Manufacturer
-
Full Spectrum Distribution Distribution Center Logistics Company
-
Dive Flag Jewelry Department Store
-
Cross Chris Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$640k
Owner & transaction history
No Degree Required LLC · 6 yrs held
No Degree Required LLC
since 2020
7 recorded transactions
Zoning & alternative use
2135 · Longmont, CO
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 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
$390,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$995,000
Current use
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$107 / 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
$28,167
Tax year 2023
Assessed value
$306,901
Assessed 2023
Previous assessed
$185,600
+65.4% YoY
Effective rate
9.18%
On assessed value
Assessed land
$99,185
Assessed improvement
$207,716
Land market value
$355,500
Improvement market value
$744,500
Total market value
$1,100,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
6,000 SF
Lot
0.33 ac (14,375 SF)
Zoning code
2135
APN
1315-10-2-24-002
UPID
US13-0040939
Jurisdiction
BOULDER
Zoning & alternative use
2135 · Longmont, CO
Zoning 2135 · permitted uses
2135 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$995,000
WAREHOUSE, STORAGE Current
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
1982
Construction
CONCRETE BLOCKS
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
No Degree Required LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1379 CHARLES DR APT A5, LONGMONT, CO 80503-2361
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
No Degree Required LLC
Carol Chriswell
Quit Claim Deed
related
—
Sep 1, 2017
—
No Degree Required LLC
Sharkbait Bay LLC
Quit Claim Deed
related
—
Apr 6, 2017
—
Carol Chriswell
—
Deed
related
$303,405 · Firstbank
Mar 17, 2016
—
Sharkbait Bay LLC
Chriswell Darrell
Grant Deed
related
—
Aug 31, 2009
—
Darrell Chriswell
Chriswell,shawn D
Quit Claim Deed
related
—
Nov 1, 2007
$350,000
Shawn Chriswell
Chriswell,darrell & Carol
Warranty Deed
related
$350,000 · Shawn Chriswell
—
—
Darrell Chriswell
—
Deed Of Trust
related
$455,580 · Firstbank Of Longmont
—
—
Carol Chriswell
—
Loan Modification
related
$303,405 · Firstbank
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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