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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Medical Office Space
1285 Cimarron Dr Lafayette, CO 80026-1335
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0032379
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
CONCRETE
Total area
6,324 SF
Lot
0.15 ac (6,708 SF)
Zoning code
2120
APN
1575-04-4-26-001
UPID
US13-0032379
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
-
Volunteer Connection Nightclub Music Venue
-
Happy Paws Veterinary Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$630k
Owner & transaction history
Happy Tails Properties LLC · 7 yrs held
Happy Tails Properties LLC
since 2019
6 recorded transactions
Zoning & alternative use
2120 · Lafayette, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$865,000
+65.9%
Auto repair, garage
$760,000
+45.5%
Retail stores
$755,000
+44.3%
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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
MEDICAL BUILDING
$520,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$760,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$755,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$725,000
Change: +39% · Conversion: Difficult
RESTAURANT
$625,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$100 / 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
$52,078
Tax year 2023
Assessed value
$606,323
Assessed 2023
Previous assessed
$324,510
+86.8% YoY
Effective rate
8.59%
On assessed value
Assessed land
$89,224
Assessed improvement
$517,099
Land market value
$319,800
Improvement market value
$1,853,400
Total market value
$2,173,200
Applied tax rate
110.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,324 SF
Lot
0.15 ac (6,708 SF)
Zoning code
2120
APN
1575-04-4-26-001
UPID
US13-0032379
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Lafayette, CO
Zoning 2120 · permitted uses
2120 · Lafayette, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$760,000
RETAIL STORES
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$725,000
RESTAURANT
Est. value
$625,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
RESTAURANT
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
2001
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Happy Tails Properties LLC
Entity
Mailing address
1285 CIMARRON DR, LAFAYETTE, CO 80026-1335
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2019
$1,472,500
Happy Tails Properties LLC
Foothills United Way INC
Grant Deed
$2,370,000 · Live Oak Bkg
Mar 15, 2017
—
Foothills United Way INC
—
Deed
related
$150,000 · Centennial Bk&tr
Oct 6, 2006
$1,250,000
Foothills United Way INC
Westgate Office Park Co LLC
Warranty Deed
—
Mar 23, 2005
—
Westgate Office Park Co LLC
Lheureux,lon J
Grant Deed
related
—
Mar 19, 2004
—
Lon J Lheureux
—
Trustees Deed
related
$654,481 · Heritage Bank
—
—
Foothills United Way INC
—
Deed Of Trust
related
$150,000 · Centennial Bk&tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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