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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Office buildings
12605 Euclid Dr A Centennial, CO 80111-6437
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0366139
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
2002
Construction
FRAME
Total area
5,576 SF
Lot
0.53 ac (23,087 SF)
Zoning code
AMU
APN
2075-24-3-23-001
UPID
US13-0366139
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.58M
Owner & transaction history
Tomorrowland Venture Properties LLC · 2 yrs held
Tomorrowland Venture Properties LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
AMU · Centennial, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+115.0%
Auto repair, garage
$2.2M
+110.6%
Neighborhood: shopping center
$1.8M
+70.6%
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 Centennial submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centennial 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
$1,580,000
ML approach
$1,580,000
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,060,000
Current use
RESTAURANT
$2,280,000
Change: +115% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,235,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,810,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,805,000
Change: +70% · Conversion: Easy
RETAIL STORES
$1,795,000
Change: +69% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,735,000
Change: +63% · Conversion: Easy
MEDICAL BUILDING
$1,695,000
Change: +60% · Conversion: Easy
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.58M (May 17 2024)
Last sale anchor
$1.58M
May 17 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
$283 / 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
$31,354
Tax year 2023
Assessed value
$349,442
Assessed 2023
Previous assessed
$349,442
+0.0% YoY
Effective rate
8.97%
On assessed value
Land market value
$126,946
Improvement market value
$1,155,534
Total market value
$1,282,480
Applied tax rate
1,412.0000
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
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
10
Total area
5,576 SF
Lot
0.53 ac (23,087 SF)
Zoning code
AMU
APN
2075-24-3-23-001
UPID
US13-0366139
Jurisdiction
ARAPAHOE
Zoning & alternative use
AMU · Centennial, CO
Zoning AMU · permitted uses
AMU · Centennial, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Centennial. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
2002
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
10
Lot
0.53 ac
Current owner
From public records · entity-resolved
Tomorrowland Venture Properties LLC
Entity
Mailing address
12605 E EUCLID DRA, ENGLEWOOD, CO 80111-6437
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$1,580,000
Tomorrowland Venture Properties LLC
12605 East Euclid Drive LLC
Special Warranty Deed
$805,000 · Morgan Stanley Bank NA
Jun 21, 2022
—
Alexandra White PC
—
Deed
related
$337,500 · Dennis A Lacerte And Julie H Lacert Etal
Feb 16, 2022
$1,350,000
12605 East Euclid Drive LLC
Dennis A Lacerte
Special Warranty Deed
$1,009,000 · First Citizens Bank & Trust Co
Apr 24, 2019
—
Dennis A Lacerte
Evans,athena C & Michael D
Quit Claim Deed
related
—
Apr 12, 2019
—
Athena C Evans
—
Deed
related
$726,000 · Julie H & Dennis A Lacerte
Oct 25, 2006
—
Dennis A Lacerte
Lacerte,dennis A
Quit Claim Deed
related
—
—
—
Athena C Evans
—
Deed Of Trust
related
$726,000 · Julie H & Dennis A Lacerte
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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