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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Turn key restaurants
1217 Main St Longmont, CO 80501-6813
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0143543
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
CONCRETE BLOCKS
Total area
7,501 SF
Lot
0.88 ac (38,333 SF)
Zoning code
2134
APN
1315-15-2-01-006
UPID
US13-0143543
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
Current use
Occupant on record · Public records
-
ATM Atm
-
Gondolier Italian Eatery - Longmont Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$505k
Owner & transaction history
1217 Longmont LLC · 9 yrs held
1217 Longmont LLC
since 2016
7 recorded transactions
Zoning & alternative use
2134 · Longmont, CO
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$67 / 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
$45,435
Tax year 2023
Assessed value
$489,924
Assessed 2023
Previous assessed
$204,856
+139.2% YoY
Effective rate
9.27%
On assessed value
Assessed land
$194,714
Assessed improvement
$295,210
Land market value
$697,900
Improvement market value
$1,058,100
Total market value
$1,756,000
Applied tax rate
680.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
7,501 SF
Lot
0.88 ac (38,333 SF)
Zoning code
2134
APN
1315-15-2-01-006
UPID
US13-0143543
Jurisdiction
BOULDER
Zoning & alternative use
2134 · Longmont, COZoning 2134 · permitted uses
2134 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
1217 Longmont LLC
Entity
Mailing address
1445 PEARL ST STE #201, BOULDER, CO 80302-5343
Ownership since
2016
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 2, 2025
—
1217 Longmont LLC
—
Deed
related
$1,430,000 · Fortis Bank
Dec 5, 2017
—
1217 Longmont LLC
—
Deed
related
$1,750,000 · Sunflower Bank NA
Jul 10, 2017
—
1217 Longmont LLC
—
Deed
related
$1,000,000 · Sunflower Bk
Jan 10, 2017
—
1217 Longmont LLC
—
Deed
related
$700,000 · Sunflower Bk
Aug 26, 2016
$675,500
1217 Longmont LLC
Masias,rudolph & Charlotte
Warranty Deed
—
Sep 22, 2014
—
Rudolph Masias
—
Trustees Deed
related
$50,000 · Barry E Serlis
—
—
Rudolf Masias SR.
—
Deed Of Trust
related
$198,412 · Bank Of The West
—
—
1217 Longmont LLC
—
Deed Of Trust
related
$700,000 · Sunflower Bk
—
—
1217 Longmont LLC
—
Loan Modification
related
$1,000,000 · Sunflower 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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