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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Strip malls
12028 Mississippi Ave 1 Aurora, CO 80012-2829
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US13-0233566
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
FRAME
Total area
22,720 SF
Lot
2.1 ac (91,476 SF)
Zoning code
PUD
APN
1973-23-1-01-015
UPID
US13-0233566
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
Powderhorn Square LLC · 15 yrs held
Powderhorn Square LLC
since 2010
7 recorded transactions
Zoning & alternative use
PUD · Aurora, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$119 / 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
$60,394
Tax year 2023
Assessed value
$881,361
Assessed 2023
Previous assessed
$801,560
+10.0% YoY
Effective rate
6.85%
On assessed value
Land market value
$916,440
Improvement market value
$2,242,560
Total market value
$3,159,000
Applied tax rate
254.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
12
Total area
22,720 SF
Lot
2.1 ac (91,476 SF)
Zoning code
PUD
APN
1973-23-1-01-015
UPID
US13-0233566
Jurisdiction
ARAPAHOE
Zoning & alternative use
PUD · Aurora, COZoning PUD · permitted uses
PUD · Aurora, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
12
Lot
2.1 ac
Current owner
From public records · entity-resolved
Powderhorn Square LLC
Entity
Mailing address
12600 SE 38TH ST STE #102, BELLEVUE, WA 98006-5265
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
—
Powderhorn Square LLC
—
Deed
related
$784,434 · Wellsfargobankna
Jun 10, 2020
—
Powderhorn Square LLC
—
Deed
related
—
Mar 12, 2019
—
Powderhorn Square LLC
—
Deed
related
$980,223 · Wells Fargo Bk
Aug 3, 2010
$2,000,000
Powderhorn Square LLC
Bns Properties LLC
Warranty Deed
$1,200,000 · Vectra Bank Colorado NA
Mar 7, 2002
$1,431,000
Bns Properties LLC
Pacific Century Inv Co INC
Grant Deed
—
—
—
Powderhorn Square LLC
—
Loan Modification
related
$980,223 · Wells Fargo Bk
—
—
Powderhorn Square LLC
—
Loan Modification
related
$1,076,177 · Wells Fargo Bk
—
—
Powderhorn Square LLC
—
Loan Modification
related
—
—
—
Bns Properties LLC
—
Deed Of Trust
related
$850,000 · Vectra Bank Colorado 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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