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Property profile & analytics
OFF-MARKET
Estimated value
$7,145,000
Warehouses
11901 Palmer Dv Ave Larkspur, CO 80118-5009
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0673126
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1995
Total area
34,126 SF
Lot
90.79 ac (3,954,812 SF)
APN
R0451824
UPID
US13-0673126
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
by Request
CAP Approach
CAP
$6.79M
Comparable Approach
Comparable
$8.14M
Blend (final)
Blend
$7.15M
Owner & transaction history
Dutch Heritage Gardens INC · 3 yrs held
Dutch Heritage Gardens INC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.6M
+46.5%
Commercial (general)
$11.1M
+39.8%
Medical building
$11.0M
+38.0%
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 Larkspur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Larkspur 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,355,000
6.5%
$6,790,000
7%
$6,305,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,940,000
Current use
RETAIL STORES
$11,630,000
Change: +46% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,095,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$10,955,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$7.15M
Range $6.43M – $7.86M · ±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
$209 / 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
$170,981
Tax year 2023
Assessed value
$1,970,380
Assessed 2023
Previous assessed
$870,020
+126.5% YoY
Effective rate
8.68%
On assessed value
Assessed land
$303,960
Assessed improvement
$1,666,420
Land market value
$1,089,480
Improvement market value
$5,972,845
Total market value
$7,062,325
Applied tax rate
118.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1995
Heating
SPACE
Buildings
2
Stories
1
Total area
34,126 SF
Lot
90.79 ac (3,954,812 SF)
APN
R0451824
UPID
US13-0673126
Jurisdiction
DOUGLAS
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
WAREHOUSE, STORAGE Current
Est. value
$7.9M
RETAIL STORES
Est. value
$11.6M
COMMERCIAL (GENERAL)
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$11.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1995
Heating
SPACE
Stories
1
Buildings
2
Lot
90.79 ac
Current owner
From public records · entity-resolved
Dutch Heritage Gardens INC
Entity
Mailing address
11901 E PALMER DV AVE, LARKSPUR, CO 80118-5009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Dutch Heritage Properties LLC
—
Deed
related
$2,500,000 · Farm Credit Of Southern Colorado Aca
Feb 3, 2023
—
Dutch Heritage Properties LLC
—
Deed
related
$1,000,000 · Sunflower Bank NA
Aug 3, 2022
—
Dutch Heritage Gardens INC
Dutch Henitage Properties LLC
Assignment Of Lease (leasehold Sale)
—
Jun 2, 2020
—
Dutch Heritage Properties LLC
—
Deed
related
$2,356,142 · Sunflower Bank NA
Oct 31, 2016
—
Dutch Heritage Properties LLC
—
Deed
related
$3,542,900 · Wells Fargo Bank NA
Feb 1, 2011
$4,575,590
Dutch Heritage Properties LLC
Arie J Van Wingerden
Special Warranty Deed
$2,400,000 · Bank Of The West
—
—
Dutch Heritage Properties LLC
—
Loan Modification
related
$865,000 · Bank Of The West
—
—
Dutch Heritage Properties LLC
—
Loan Modification
related
$865,000 · Bank Of The West
—
—
Dutch Heritage Properties LLC
—
Loan Modification
related
$1,500,000 · Bank Of The West
—
—
Arie J Vanwingerden
—
Deed Of Trust
related
$400,000 · Farm Credit/sthrn Colorado Pca
—
—
Arie J Vanwingerden
—
Deed Of Trust
related
$1,400,000 · Farm Credit Service
—
—
Dutch Heritage Properties LLC
—
Loan Modification
related
$350,000 · Bank Of The West
—
—
Arie J Vanwingerden
—
Deed Of Trust
related
$400,000 · Farm Credit Service
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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