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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Warehouses
1391 Empire Rd Louisville, CO 80027-1461
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2533004
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2012
Construction
TYPE NOT SPECIFIED
Total area
6,876 SF
Lot
2.99 ac (130,201 SF)
Zoning code
200
APN
1575-09-0-01-002
UPID
US13-2533004
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
$1.13M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.09M
Owner & transaction history
Guardian Storage Louisville LLC · 2 yrs held
Guardian Storage Louisville LLC
since 2023
7 recorded transactions
Zoning & alternative use
200 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+52.3%
Industrial (general)
$1.4M
+27.1%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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%
$1,220,000
6.5%
$1,130,000
7%
$1,045,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,125,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,715,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,430,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$159 / 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
$191,541
Tax year 2023
Assessed value
$2,176,201
Assessed 2023
Previous assessed
$1,892,917
+15.0% YoY
Effective rate
8.80%
On assessed value
Assessed land
$329,220
Assessed improvement
$1,846,981
Land market value
$1,180,000
Improvement market value
$6,620,000
Total market value
$7,800,000
Applied tax rate
94.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Buildings
6
Stories
1
Total area
6,876 SF
Lot
2.99 ac (130,201 SF)
Zoning code
200
APN
1575-09-0-01-002
UPID
US13-2533004
Jurisdiction
BOULDER
Zoning & alternative use
200 · Louisville, CO
Zoning 200 · permitted uses
200 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2012
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
1
Buildings
6
Lot
2.99 ac
Current owner
From public records · entity-resolved
Guardian Storage Louisville LLC
Entity
Mailing address
5879 CTR AVE, PITTSBURGH, PA 15206-3709
Ownership since
2023
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
Dec 27, 2023
—
Guardian Storage Louisville LLC
Empire Storage Of Louisville LLC
Special Warranty Deed
$5,270,000 · River City Bank
May 20, 2014
—
Empire Storage Of Louisville LLC
Doug Chesnut
Quit Claim Deed
related
$1,034,000 · Colorado Lending Source Ltd
Jan 9, 2012
—
Owner Name Unavailable
Owner Name Unavailable
Affidavit Of Death
related
—
Jan 6, 2012
—
Doug Chesnut
—
Trustees Deed
related
$1,002,500 · Collegiate Peaks Bank
Jul 16, 2008
$650,000
Doug Chesnut
New Azco LLC
Grant Deed
—
Oct 16, 2006
—
New Azco LLC
Azco Investments
Quit Claim Deed
—
Sep 6, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 6, 2005
$280,000
Azco Investments
Hart,kevin M
Grant Deed
—
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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