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Property profile & analytics
OFF-MARKET
Estimated value
$23,530,000
Office Spaces
12202 Airport Way Broomfield, CO 80021-2587
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0085440
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
CONCRETE
Total area
118,750 SF
Lot
7.11 ac (309,537 SF)
Zoning code
PUD
APN
157534302003
UPID
US13-0085440
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
$24.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.53M
Owner & transaction history
Ball Aerospace & Technologies Corp · 4 yrs held
Ball Aerospace & Technologies Corp
since 2022
Last sale
$25.3M
6 recorded transactions
Zoning & alternative use
PUD · Broomfield, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$33.0M
+0.6%
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 Broomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broomfield 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
$19,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,125,000
6.5%
$24,115,000
7%
$22,395,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$32,800,000
Current use
OFFICE BUILDING
$33,005,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$29,585,000
Change: -10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$26,890,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$23.53M
Range $21.18M – $25.88M · ±10% · vs last sale $25.28M (Mar 1 2022)
Last sale anchor
$25.28M
Mar 1 2022
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
$198 / 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
$622,971
Tax year 2023
Assessed value
$6,733,440
Assessed 2024
Previous assessed
$5,417,380
+24.3% YoY
Effective rate
9.25%
On assessed value
Assessed land
$1,196,910
Assessed improvement
$5,536,530
Land market value
$4,290,010
Improvement market value
$19,844,190
Total market value
$24,134,200
Applied tax rate
48.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
3
Total area
118,750 SF
Lot
7.11 ac (309,537 SF)
Zoning code
PUD
APN
157534302003
UPID
US13-0085440
Jurisdiction
BROOMFIELD
Zoning & alternative use
PUD · Broomfield, CO
Zoning PUD · permitted uses
PUD · Broomfield, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Broomfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$32.8M
OFFICE BUILDING
Est. value
$33.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.6M
INDUSTRIAL (GENERAL)
Est. value
$26.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
7.11 ac
Current owner
From public records · entity-resolved
Ball Aerospace & Technologies Corp
Entity
Free & Clear · 4 yrs held
Mailing address
9200 W 108TH CIR, WESTMINSTER, CO 80021-3691
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$25,279,800
Ball Aerospace & Technologies Corp
Bpre Interlocken Holdings LP
Special Warranty Deed
—
May 22, 2012
$92,000,000
View Acquisition Grou Mountain
Hines Vaf Mountain View LP
Grant Deed
related
$62,600,000 · New York Life Insurance
Apr 20, 2006
$47,800,000
Vaf Mountain View Hines
W9/mtn Real Estate
Grant Deed
—
—
—
Hines Vaf Mountain View LP
—
Deed Of Trust
related
$325,000 · Royal Bank Scotland Plc
—
—
Mountain View Acquisition Grp
—
Deed Of Trust
related
$75,000,000 · Voya Inv Mgmt Co LLC
—
—
Hines Vaf Mountain View LP
—
Deed Of Trust
related
$325,000 · Royal Bank Scotland Plc
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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