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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Warehouses
11907 I 70th Frontage N Rd Wheat Ridge, CO 80033
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0645913
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
7,344 SF
Lot
1.01 ac (44,039 SF)
APN
39-174-08-019
UPID
US13-0645913
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
$1.79M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.65M
Owner & transaction history
Stagehand Enterprises LLC · 4 yrs held
Stagehand Enterprises LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+102.1%
Commercial (general)
$2.4M
+101.5%
Medical building
$2.2M
+89.0%
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 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
$1,780,000
ML approach
$1,790,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,170,000
7%
$1,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,385,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,375,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$2,230,000
Change: +89% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,230,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$1,685,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.60M (Dec 29 2021)
Last sale anchor
$1.60M
Dec 29 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
$224 / 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
$37,416
Tax year 2023
Assessed value
$407,368
Assessed 2023
Previous assessed
$407,368
+0.0% YoY
Effective rate
9.18%
On assessed value
Assessed land
$104,439
Assessed improvement
$302,929
Land market value
$374,332
Improvement market value
$1,115,768
Total market value
$1,490,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
7,344 SF
Lot
1.01 ac (44,039 SF)
APN
39-174-08-019
UPID
US13-0645913
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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE Current
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
1997
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Stagehand Enterprises LLC
Entity
Mailing address
18062 W 77TH DR, ARVADA, CO 80007-7994
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$1,600,000
Stagehand Enterprises LLC
Cwz Real Estate LLC
Special Warranty Deed
—
Mar 25, 2016
$767,278
Cwz Real Estate LLC
Lb Management LLC
Warranty Deed
—
Apr 2, 2010
—
Lb Management LLC
—
Trustees Deed
related
$840,000 · Wells Fargo Bank
Feb 2, 2007
—
Lb Management LLC
—
Trustees Deed
related
$495,932 · Wells Fargo Bank
—
—
Lb Management LLC
—
Deed Of Trust
related
$824,632 · Wells Fargo Bank
—
—
Lb Management LLC
—
Deed Of Trust
related
$50,000 · Citywide Banks
—
—
Lb Management LLC
—
Deed Of Trust
related
$800,099 · Wells Fargo Bank
—
—
Lb Management LLC
—
Loan Modification
related
$765,651 · Wells Fargo Bk
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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