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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Banks
1270 Hover St Longmont, CO 80501-7902
Individually Owned
29-yr Hold
Free & Clear
Property ID
US13-0937601
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
6,776 SF
Lot
2.4 ac (104,631 SF)
Zoning code
2132
APN
1315-16-2-11-001
UPID
US13-0937601
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
-
FirstBank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$550k
Owner & transaction history
FIRSTBANK LONGMONT
FIRSTBANK LONGMONT
Zoning & alternative use
2132 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$860,000
+57.3%
Retail stores
$795,000
+44.9%
Medical building
$725,000
+32.7%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$550,000
Current use
RESTAURANT
$860,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$795,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$81 / 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
$70,285
Tax year 2023
Assessed value
$753,300
Assessed 2023
Previous assessed
$503,498
+49.6% YoY
Effective rate
9.33%
On assessed value
Assessed land
$488,250
Assessed improvement
$265,050
Land market value
$1,750,000
Improvement market value
$950,000
Total market value
$2,700,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,776 SF
Lot
2.4 ac (104,631 SF)
Zoning code
2132
APN
1315-16-2-11-001
UPID
US13-0937601
Jurisdiction
BOULDER
Zoning & alternative use
2132 · Longmont, CO
Zoning 2132 · permitted uses
2132 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$550,000
RESTAURANT
Est. value
$860,000
RETAIL STORES
Est. value
$795,000
MEDICAL BUILDING
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$660,000
FINANCIAL BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
FIRSTBANK LONGMONT
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 150097, LAKEWOOD, CO 80215-0097
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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