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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
11221 Washington St Northglenn, CO 80233-3183
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-2830709
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
2,204 SF
Lot
0.11 ac (4,704 SF)
APN
R0030950
UPID
US13-2830709
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$320k
Blend (final)
Blend
$510k
Owner & transaction history
Northglenn Urban Renewal Authority · 5 yrs held
Northglenn Urban Renewal Authority
since 2021
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$715,000
+26.8%
Commercial (general)
$715,000
+26.5%
Retail stores
$710,000
+25.7%
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 Northglenn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northglenn 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
$550,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$565,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$715,000
Change: +26% · Conversion: Easy
RETAIL STORES
$710,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$670,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $500k (Apr 21 2021)
Last sale anchor
$500k
Apr 21 2021
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
$231 / 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
$8,386
Tax year 2023
Assessed value
$66,400
Assessed 2023
Previous assessed
$87,970
-24.5% YoY
Effective rate
12.63%
On assessed value
Assessed improvement
$66,400
Improvement market value
$238,000
Total market value
$238,000
Applied tax rate
807.0000
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
1963
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,204 SF
Lot
0.11 ac (4,704 SF)
APN
R0030950
UPID
US13-2830709
Jurisdiction
ADAMS
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
OFFICE BUILDING Current
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$715,000
RETAIL STORES
Est. value
$710,000
MEDICAL BUILDING
Est. value
$670,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1963
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Northglenn Urban Renewal Authority
Entity
Free & Clear · 5 yrs held
Mailing address
11701 COMMUNITY CTR DR, NORTHGLENN, CO 80233-1001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
$500,000
Northglenn Urban Renewal Authority
Chrm Properties LLC
Special Warranty Deed
—
Jan 8, 2013
$475,000
Chrm Properties LLC
Waters,brenda L
Warranty Deed
$475,000 · Capitalsource Bank
Oct 12, 2004
$170,000
Brenda L Waters
Majestic Heights 2 INC
Warranty Deed
$85,000 · Seth Taylor
—
—
Chrm Properties LLC
—
Deed Of Trust
related
$370,000 · 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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