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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Medical Office Space
1390 Dry Crk Dra Longmont, CO 80503-6505
Entity Owned
12-yr Hold
Free & Clear
Property ID
US13-0037725
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
FRAME
Total area
10,264 SF
Lot
1.14 ac (49,702 SF)
Zoning code
2137
APN
1315-17-0-08-002
UPID
US13-0037725
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.20M
Owner & transaction history
Mbrat Global LLC · 12 yrs held
Mbrat Global LLC
since 2013
7 recorded transactions
Zoning & alternative use
2137 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+69.3%
Office building
$1.4M
+60.6%
Restaurant
$1.4M
+53.4%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$885,000
Current use
WAREHOUSE, STORAGE
$1,500,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,425,000
Change: +61% · Conversion: Easy
RESTAURANT
$1,360,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$1,200,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,195,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$117 / 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
$106,188
Tax year 2023
Assessed value
$1,133,828
Assessed 2023
Previous assessed
$942,210
+20.3% YoY
Effective rate
9.37%
On assessed value
Assessed land
$195,914
Assessed improvement
$937,914
Land market value
$702,200
Improvement market value
$3,361,700
Total market value
$4,063,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
ZONE
Buildings
2
Stories
1
Total area
10,264 SF
Lot
1.14 ac (49,702 SF)
Zoning code
2137
APN
1315-17-0-08-002
UPID
US13-0037725
Jurisdiction
BOULDER
Zoning & alternative use
2137 · Longmont, CO
Zoning 2137 · permitted uses
2137 · 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
MEDICAL BUILDING Current
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
2018
Construction
FRAME
Heating
ZONE
Stories
1
Buildings
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Mbrat Global LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1390 DRY CRK DR, LONGMONT, CO 80503-6505
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2013
$300,000
Mbrat Global LLC
Gre Holdings LLC
Grant Deed
—
Dec 23, 2011
—
Gre Holdings LLC
Guaranty Bk & Trust Co
Quit Claim Deed
related
—
Nov 23, 2011
—
Guaranty Bk & Trust Co
Deputy Public Te Of Boulder Cnty
Trustees Deed
related
—
Nov 15, 2011
$338,671
Cai Properties LLC
Deputy Of Public Te/boulder Cnty
Certificate Of Purchase
$487,500
Sep 9, 2005
$650,000
Cai Properties LLC
Advanced Vision Development LLC
Warranty Deed
$487,500 · Centennial Bank Of The West
—
—
Advanced Vision Dev LLC
—
Deed Of Trust
related
—
—
—
Advanced Vision Dev LLC
—
Deed Of Trust
related
—
—
—
Advanced Vision Dev LLC
—
Deed Of Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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