Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Manufacturing properties
1243 Sherman Dr Longmont, CO 80501-6170
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2605279
Property summary
AI-generated overview
1243 Sherman Drive in Longmont, Colorado, offers a unique opportunity for businesses seeking flexible office and industrial space. This Boulder County property totals 16,057 square feet and is currently 100% vacant, providing immediate occupancy for a variety of tenants. The building is classified as Office and Industrial, encompassing Executive Office, Flex, Warehouse, and Traditional Office subtypes, making it suitable for a wide range of uses. Multiple tenancy is available, with suite sizes ranging from a minimum of 1,770 square feet to a maximum contiguous space of 3,183 square feet. The property features convenient access to Highway 119/Ken Pratt Boulevard, enhancing accessibility and logistics. Secure fenced parking is provided, along with outdoor areas. The building's industrial capabilities are highlighted by multiple grade-level overhead doors, catering to businesses with loading and unloading requirements. The property's location in Southwest Longmont offers proximity to local amenities, providing a convenient and functional workspace. This versatile property is ideal for businesses seeking a combination of office and industrial space in a prime Longmont location. The zip code is 80501.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
11,750 SF
Lot
1.01 ac (44,126 SF)
Zoning code
3115
APN
1315-09-0-19-003
UPID
US13-2605279
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
-
Parsifal Corporation Moving Company Storage Facility
-
National Emergency Response Emergency Services
-
Nert Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.83M
Owner & transaction history
Cb 1243 Sherman LLC · 2 yrs held
Cb 1243 Sherman LLC
since 2024
5 recorded transactions
Zoning & alternative use
3115 · Longmont, CO
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,375,000
6.5%
$2,190,000
7%
$2,035,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,885,000
Current use
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10%
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
$155 / 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
$57,760
Tax year 2023
Assessed value
$612,181
Assessed 2023
Previous assessed
$612,181
+0.0% YoY
Effective rate
9.44%
On assessed value
Assessed land
$173,817
Assessed improvement
$438,364
Land market value
$623,000
Improvement market value
$1,571,200
Total market value
$2,194,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
1
Total area
11,750 SF
Lot
1.01 ac (44,126 SF)
Zoning code
3115
APN
1315-09-0-19-003
UPID
US13-2605279
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Longmont, COZoning 3115 · permitted uses
3115 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
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
1974
Construction
CONCRETE BLOCKS
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Cb 1243 Sherman LLC
Entity
Mailing address
6525 GUNPARK DR STE #370, BOULDER, CO 80301-3333
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
$2,000,000
Cb 1243 Sherman LLC
Sherman Drive LLC
Special Warranty Deed
related
$1,770,000 · Elevations Cu
May 30, 2012
—
Sherman Drive LLC
F & G Barnes LLC
Grant Deed
—
Oct 17, 2008
$914,000
F & G Barnes LLC
Reverse Exchange
Grant Deed
—
Sep 3, 2008
$914,000
Reverse Exchange Co
Rkfv Ltd
Warranty Deed
—
Sep 3, 2008
—
Gerhard E W Schultz
Spruce Ltd Liability
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1243 Sherman Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
