New search
Property profile & analytics
FOR SALE
Manufacturing properties
1399 Horizon Ave Lafayette, CO 80026
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2742424
For Sale
1 / 3
$5,750,000
1399 Horizon Ave, Lafayette, CO 80026
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
TILT-UP CONCRETE
Total area
19,353 SF
Lot
2.59 ac (112,646 SF)
Zoning code
3115
APN
1575-12-0-06-006
UPID
US13-2742424
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
-
Minova Labs Laboratory
-
Extract Labs Headquarters Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.18M
CAP Approach
CAP
$3.61M
Comparable Approach
Comparable
$5.06M
Blend (final)
Blend
$5.25M
Owner & transaction history
1399 Horizon LLC · 4 yrs held
1399 Horizon LLC
since 2021
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
3115 · Lafayette, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.7M
+65.1%
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 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
$5,210,000
ML approach
$5,180,000
CAP Approach
CAP Return
Estimation
6%
$3,910,000
6.5%
$3,610,000
7%
$3,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,280,000
Current use
OFFICE BUILDING
$8,720,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,630,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±10% · vs last sale $5.40M (Sep 2 2021)
Last sale anchor
$5.40M
Sep 2 2021
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
$271 / 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
$106,853
Tax year 2023
Assessed value
$1,226,874
Assessed 2023
Previous assessed
$987,520
+24.2% YoY
Effective rate
8.71%
On assessed value
Assessed land
$366,327
Assessed improvement
$860,547
Land market value
$1,313,000
Improvement market value
$3,084,400
Total market value
$4,397,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
2003
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
19,353 SF
Lot
2.59 ac (112,646 SF)
Zoning code
3115
APN
1575-12-0-06-006
UPID
US13-2742424
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Lafayette, CO
Zoning 3115 · permitted uses
3115 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
OFFICE BUILDING
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (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
2003
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
1399 Horizon LLC
Entity
Mailing address
1399 HORIZON AVE, LAFAYETTE, CO 80026-9304
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
$5,400,000
1399 Horizon LLC
Thomas A Hanchin
Special Warranty Deed
$432,000 · Community Banks Of Colorado
Aug 24, 2021
—
David T Videon
Val & Hanch LLC
Deed
—
Aug 20, 2019
—
Vid & Health LLC
—
Deed
related
$1,000,000 · Great Western Bank
Nov 25, 2003
—
Vid & Hanch LLC
—
Deed Of Trust
related
$1,960,000 · First National Bank Colorado
May 14, 2003
$285,000
Vid & Hanch LLC
Vista Business Park LLC
Grant Deed
—
—
—
Vid & Hanch LLC
—
Deed Of Trust
related
$1,550,000 · First National Bank
—
—
Vid & Hanch LLC
—
Deed Of Trust
related
$2,080,000 · Merrill Lynch Business Finl Sv
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
