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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Manufacturing properties
1218 Commerce Ct Lafayette, CO 80026-9573
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0972463
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Construction
STEEL FRAME
Total area
12,000 SF
Lot
0.87 ac (37,854 SF)
Zoning code
3115
APN
1575-11-1-11-006
UPID
US13-0972463
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
-
Armite Lubricants Industrial Manufacturer Production Facility
-
Sandstrum Law, LLC. Law Firm
-
Fastenal Fulfillment Center Big Box & Wholesale Store Building Supply
-
Paneltec LLC Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$1.97M
Owner & transaction history
828 University Avenue LLC · 4 yrs held
828 University Avenue LLC
since 2021
Last sale
$2.0M
1 recorded transaction
Zoning & alternative use
3115 · Lafayette, 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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
$1,930,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
$2,425,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,275,000
Current use
COMMERCIAL (GENERAL)
$2,870,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.00M (Dec 8 2021)
Last sale anchor
$2.00M
Dec 8 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
$164 / 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
$48,598
Tax year 2023
Assessed value
$558,000
Assessed 2023
Previous assessed
$385,131
+44.9% YoY
Effective rate
8.71%
On assessed value
Assessed land
$211,147
Assessed improvement
$346,853
Land market value
$756,800
Improvement market value
$1,243,200
Total market value
$2,000,000
Applied tax rate
110.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
12,000 SF
Lot
0.87 ac (37,854 SF)
Zoning code
3115
APN
1575-11-1-11-006
UPID
US13-0972463
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Lafayette, CO
Zoning 3115 · permitted uses
3115 · Lafayette, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
FLOOR/WALL FURNACE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
828 University Avenue LLC
Entity
Mailing address
390 EMPIRE RD STE #100, LAFAYETTE, CO 80026-2605
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
$2,000,000
828 University Avenue LLC
1218 Commerce LLC
Special Warranty Deed
$270,000 · First Bank
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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