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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Residential income homes
1230 Pierce St Lakewood, CO 80214-1937
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-1187920
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2018
Construction
BRICK
Total area
11,462 SF
Lot
0.42 ac (18,150 SF)
APN
49-012-13-051
UPID
US13-1187920
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
$3.48M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.07M
Owner & transaction history
Lw Apts LLC · 3 yrs held
Lw Apts LLC
since 2023
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$3,235,000
ML approach
$3,475,000
CAP Approach
CAP Return
Estimation
6%
$3,175,000
6.5%
$2,930,000
7%
$2,720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,820,000
Current use
RESTAURANT
$4,690,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,590,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.05M (Jan 26 2023)
Last sale anchor
$3.05M
Jan 26 2023
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
$267 / 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
$21,107
Tax year 2023
Assessed value
$234,042
Assessed 2023
Previous assessed
$234,042
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$24,321
Assessed improvement
$209,721
Land market value
$363,000
Improvement market value
$3,185,160
Total market value
$3,548,160
Applied tax rate
7,041.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2018
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
13
Bathrooms
1
Total area
11,462 SF
Lot
0.42 ac (18,150 SF)
APN
49-012-13-051
UPID
US13-1187920
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.8M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2018
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
13
Bathrooms
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Lw Apts LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16501 VENTURA BLVD STE #501, ENCINO, CA 91436-2045
Ownership since
2023
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
Jan 26, 2023
$3,050,000
Lw Apts LLC
Pierce Apts LLC
Special Warranty Deed
—
Jan 12, 2018
—
Karen Caldwell
—
Trustees Deed
related
$200,000 · Katy Call
Jun 15, 2016
—
Pierce Apts LLC
Caldwell,karen V & William C
Grant Deed
related
—
May 4, 2016
—
Pierce Apts LLC
Caldwell,karen V & William C
Quit Claim Deed
related
—
Feb 5, 2013
—
Karen V Caldwell
Caldwell,karen V
Quit Claim Deed
related
—
Jun 15, 2009
—
Karen P Schack
Owner,record
Grant Deed
related
—
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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