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Property profile & analytics
FOR LEASE
Manufacturing properties
12421 Washington St Thornton, CO 80241-2442
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1129705
For Lease
1 / 2
$4,550,000
12421 Washington St, Thornton, CO 80241-2442
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
32,961 SF
Lot
2.58 ac (112,472 SF)
APN
R0024473
UPID
US13-1129705
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
$4.55M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$6.16M
Blend (final)
Blend
$4.55M
Owner & transaction history
12421 Wash Eat LLC · 2 yrs held
12421 Wash Eat LLC
since 2024
Last sale
$4.6M
4 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 Thornton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thornton 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
$4,550,000
ML approach
$4,550,000
CAP Approach
CAP Return
Estimation
6%
$3,660,000
6.5%
$3,375,000
7%
$3,135,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,465,000
Current use
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±10% · vs last sale $4.55M (Mar 25 2024)
Last sale anchor
$4.55M
Mar 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
$138 / 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
$133,708
Tax year 2023
Assessed value
$1,532,220
Assessed 2023
Previous assessed
$1,532,220
+0.0% YoY
Effective rate
8.73%
On assessed value
Assessed land
$251,040
Assessed improvement
$1,281,180
Land market value
$899,768
Improvement market value
$3,450,232
Total market value
$4,350,000
Applied tax rate
180.0000
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
For Lease
Year built
1983
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
32,961 SF
Lot
2.58 ac (112,472 SF)
APN
R0024473
UPID
US13-1129705
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.5M
INDUSTRIAL (GENERAL) Current
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
1983
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
12421 Wash Eat LLC
Entity
Mailing address
2100TH W 6TH AVE, BROOMFIELD, CO 80020-1646
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
12421 Wash Eat LLC
—
Deed
related
$1,423,000 · The Huntington National Bank
Mar 25, 2024
$4,550,000
12421 Wash Eat LLC
Bpaz Holdings 13 LLC
Special Warranty Deed
$3,640,000 · The Huntington National Bank
Jan 28, 2019
$4,145,100
Bpaz Holdings 13 LLC
Cip Owner LLC
Grant Deed
related
$124,300,000 · Miscellaneous Ins Co
Sep 11, 2014
—
Cip Owner LLC
Colorado Indl Portfolio LLC
Quit Claim Deed
related
$85,125,000 · Miscellaneous Ins Co
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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