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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Office buildings
11901 I 70th Frontage N Rd Wheat Ridge, CO 80033
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0840182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
11,528 SF
Lot
0.87 ac (37,854 SF)
APN
39-174-08-022
UPID
US13-0840182
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
$3.38M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$3.38M
Owner & transaction history
70 Frontage LLC · 2 yrs held
70 Frontage LLC
since 2024
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+82.0%
Auto repair, garage
$4.6M
+78.2%
Neighborhood: shopping center
$3.7M
+44.4%
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 Wheat Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheat Ridge 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
$3,375,000
ML approach
$3,375,000
CAP Approach
CAP Return
Estimation
6%
$3,005,000
6.5%
$2,770,000
7%
$2,575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,590,000
Current use
RESTAURANT
$4,715,000
Change: +82% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,615,000
Change: +78% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,740,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,730,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$3,500,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,495,000
Change: +35% · Conversion: Easy
RETAIL STORES
$2,645,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10% · vs last sale $3.38M (Mar 11 2024)
Last sale anchor
$3.38M
Mar 11 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
$293 / 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
$53,107
Tax year 2023
Assessed value
$578,200
Assessed 2023
Previous assessed
$578,200
+0.0% YoY
Effective rate
9.18%
On assessed value
Assessed land
$132,016
Assessed improvement
$446,184
Land market value
$473,175
Improvement market value
$1,629,225
Total market value
$2,102,400
Applied tax rate
3,201.0000
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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
11,528 SF
Lot
0.87 ac (37,854 SF)
APN
39-174-08-022
UPID
US13-0840182
Jurisdiction
JEFFERSON
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
$2.6M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
70 Frontage LLC
Entity
Mailing address
70 FRONTAGE RD, WHEAT RIDGE, CO 80033
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
70 Frontage LLC
—
Deed
related
$1,000,000 · Southstate Bank NA
Mar 11, 2024
$3,375,000
70 Frontage LLC
11901 Ggp LLC
Special Warranty Deed
$2,700,000 · Independent Bank
Oct 29, 2019
$2,567,500
11901 Ggp LLC
Cdp Venture LLC
Special Warranty Deed
$2,060,000 · Jpmorgan Chase Bank NA
Mar 27, 2007
—
Roy Ents LLC
Roy Ents LLC
Quit Claim Deed
—
Mar 16, 2006
$1,820,000
Roy Enterprises LLC
Tabor Street Lllp
Warranty Deed
$1,474,200 · Wells Fargo Bank NA
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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