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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
1233 Sherman Dr, Longmont, CO 80501-6133
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0182897
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1975
Construction
CONCRETE BLOCKS
Total area
2,776 SF
Lot
0.78 ac (33,890 SF)
Zoning code
2135
APN
1315-09-0-18-001
UPID
US13-0182897
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
-
Mountain Engineering II Engineer
-
MP Tapes Electronics & Wireless Store
-
Kelsea Magel Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$675k
Owner & transaction history
Cb 1233 Sherman LLC · 2 yrs held
Cb 1233 Sherman LLC
since 2023
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
2135 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+136.6%
Office building
$875,000
+89.6%
Commercial (general)
$765,000
+66.2%
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
$650,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$460,000
Current use
AUTO REPAIR, GARAGE
$1,090,000
Change: +137% · Conversion: Easy
OFFICE BUILDING
$875,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $750k (Sep 14 2023)
Last sale anchor
$750k
Sep 14 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
$243 / 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
$16,321
Tax year 2023
Assessed value
$181,350
Assessed 2023
Previous assessed
$140,070
+29.5% YoY
Effective rate
9.00%
On assessed value
Assessed land
$125,550
Assessed improvement
$55,800
Land market value
$450,000
Improvement market value
$200,000
Total market value
$650,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Total area
2,776 SF
Lot
0.78 ac (33,890 SF)
Zoning code
2135
APN
1315-09-0-18-001
UPID
US13-0182897
Jurisdiction
BOULDER
Zoning & alternative use
2135 · Longmont, CO
Zoning 2135 · permitted uses
2135 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$765,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1975
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Cb 1233 Sherman LLC
Entity
Mailing address
6525 GUNPARK DR STE #370, BOULDER, CO 80301-3333
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
$750,000
Cb 1233 Sherman LLC
Evertree LLC
Special Warranty Deed
—
—
—
Evertree LLC
—
Deed Of Trust
related
$80,000 · Flatirons Bank
—
—
Evertree LLC
—
Deed Of Trust
related
$81,000 · Flatirons 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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