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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Assisted living facilities
11255 Grant Dr Northglenn, CO 80233-3031
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0460760
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Total area
4,332 SF
Lot
0.44 ac (19,166 SF)
APN
R0116158
UPID
US13-0460760
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$1.23M
Owner & transaction history
11255 Grant Drive LLC · 1 yrs held
11255 Grant Drive LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+74.5%
Neighborhood: shopping center
$1.4M
+41.4%
Commercial (general)
$1.4M
+41.0%
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
$1,225,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$995,000
Current use
AUTO REPAIR, GARAGE
$1,735,000
Change: +74% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,405,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,400,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,395,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$1,315,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.23M (Aug 14 2024)
Last sale anchor
$1.23M
Aug 14 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
$283 / 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
Assessed value
$60,030
Assessed 2023
Previous assessed
$61,500
-2.4% YoY
Assessed land
$2,570
Assessed improvement
$57,460
Land market value
$37,922
Improvement market value
$849,445
Total market value
$887,367
Applied tax rate
134.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Heating
YES
Cooling
CENTRAL
Stories
1
Units
16
Rooms
13
Bathrooms
12
Total area
4,332 SF
Lot
0.44 ac (19,166 SF)
APN
R0116158
UPID
US13-0460760
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1998
Heating
YES
Cooling
Yes
Stories
1
Units
16
Rooms
13
Bathrooms
12
Lot
0.44 ac
Current owner
From public records · entity-resolved
11255 Grant Drive LLC
Entity
Mailing address
16767 FOXWOOD LN, MORRISON, CO 80465-9609
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
—
11255 Grant Drive LLC
John M Weller
Quit Claim Deed
related
—
Jan 17, 2023
—
Mark Radlauer
John Weller
Intrafamily Transfer
related
—
Oct 12, 2022
—
John Weller
—
Deed
related
$200,000 · Irving Real Estate Resources LLC
Oct 11, 2022
$1,225,000
John Weller
Morthglenn Grant Drive LLC
Warranty Deed
$4,141 · Northglenn Grant Drive LLC
Jan 25, 2012
—
Northglenn Grant Drive LLC
11255 Northglenn Holdings LLC
Quit Claim Deed
—
Jan 23, 2012
$322,150
11255 Northglenn Holdings LLC
Csb 11255 Grant Drive Dpc Hold
Grant Deed
—
May 20, 2011
—
11255 Grant Drive Dpc Hold Csb
Public Trustee Of Adams County
Trustees Deed
related
—
May 3, 2011
$294,000
R & R Daugherty LLC
Deputy Public Te Of Adams Cnty
Certificate Of Purchase
$380,200
Mar 24, 2008
$720,000
R & R Daugherty LLC
Bee Hive-northglenn 2 LLC
Warranty Deed
$380,200 · Mainstreet Lndr Conventional
—
—
R & R Daugherty LLC
—
Deed Of Trust
related
$50,735 · Colorado Enterprise Fund
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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