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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Commercial land
12411 104th Pl, Commerce City, CO 80022-2226
Entity Owned
1-yr Hold
Property ID
US13-1295515
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2019
Total area
2,316 SF
Lot
1.09 ac (47,350 SF)
APN
R0201444
UPID
US13-1295515
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
$795k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$795k
Owner & transaction history
Cp Wash INC · 1 yrs held
Cp Wash INC
since 2024
Last sale
$795,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+45.4%
Neighborhood: shopping center
$750,000
+38.3%
Retail stores
$745,000
+37.1%
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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
$795,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$545,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$750,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$705,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$595,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $795k (Nov 25 2024)
Last sale anchor
$795k
Nov 25 2024
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
$343 / 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
$11,828
Tax year 2023
Assessed value
$96,820
Assessed 2023
Previous assessed
$145,540
-33.5% YoY
Effective rate
12.22%
On assessed value
Assessed land
$96,820
Land market value
$347,039
Total market value
$347,039
Applied tax rate
166.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2019
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,316 SF
Lot
1.09 ac (47,350 SF)
APN
R0201444
UPID
US13-1295515
Jurisdiction
ADAMS
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
COMMERCIAL (GENERAL) Current
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$750,000
RETAIL STORES
Est. value
$745,000
MEDICAL BUILDING
Est. value
$705,000
OFFICE BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2019
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Cp Wash INC
Entity
Mailing address
11573 JAMAICA ST, COMMERCE CITY, CO 80640-7688
Ownership since
2024
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
Nov 25, 2024
$795,000
Cp Wash INC
Nolly Enterprises LLC
Special Warranty Deed
$500,000 · Alpine Bank
Sep 8, 2021
$260,000
Nolly Enterprises LLC
104th Ave Retail Investments North
Special Warranty Deed
$435,000 · United Wholesale Mortgage
Mar 22, 2007
$2,872,100
104th Retail Dev Ptrs INC
104th Avenue Retail Invs
Grant Deed
related
$2,872,093 · 104th Avenue Retail Investments N LLC
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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