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Property profile & analytics
OFF-MARKET
Estimated value
$10,025,000
Life science properties
12650 Arapahoe Rd Centennial, CO 80112-3901
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0679892
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1997
Construction
CONCRETE
Total area
48,860 SF
Lot
4.54 ac (197,762 SF)
APN
2075-25-2-18-004
UPID
US13-0679892
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.03M
Blend (final)
Blend
$10.03M
Owner & transaction history
Kw Fund Vi-arapahoe II LLC · 6 yrs held
Kw Fund Vi-arapahoe II LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.9M
+68.9%
Commercial (general)
$15.8M
+68.4%
Retail stores
$15.7M
+67.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$9,390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,860,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,815,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$15,715,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$10.03M
Range $9.02M – $11.03M · ±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
$205 / 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
$254,819
Tax year 2023
Assessed value
$2,553,129
Assessed 2023
Previous assessed
$2,146,581
+18.9% YoY
Effective rate
9.98%
On assessed value
Land market value
$987,850
Improvement market value
$8,163,150
Total market value
$9,151,000
Applied tax rate
1,416.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
35
Total area
48,860 SF
Lot
4.54 ac (197,762 SF)
APN
2075-25-2-18-004
UPID
US13-0679892
Jurisdiction
ARAPAHOE
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.9M
COMMERCIAL (GENERAL)
Est. value
$15.8M
RETAIL STORES
Est. value
$15.7M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
35
Lot
4.54 ac
Current owner
From public records · entity-resolved
Kw Fund Vi-arapahoe II LLC
Entity
Mailing address
151 EL CAMINO DR, BEVERLY HILLS, CA 90212-2704
Ownership since
2019
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
Dec 30, 2019
$25,075,000
Kw Fund Vi-arapahoe II LLC
Arapahoe II Ll LLC
Trustees Deed
related
$84,070,000 · Citizens Bk NA
May 27, 2016
$28,000,000
Arapahoe II Ll LLC
Hines Reit Arapahoe II LLC
Grant Deed
related
$54,320,000 · Canadian Imperial Bk/commerc
Jan 2, 2009
—
Hines Reit Arapahoe II LLC
Svn Arapahoe II LLC
Grant Deed
$10,488,571 · Wachovia Bk Tr #2006-c23 (tr)
Oct 26, 2005
$15,500,000
Svn Arapahoe II LLC
Arapahoe & Revere Busn Center
Grant Deed
related
$10,500,000 · Artesia Mortgage Capital Corp
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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