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Property profile & analytics
FOR LEASE
Office buildings
143 Union Blvd Lakewood, CO 80228
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-0573055
For Lease
1 / 4
$32.50 SF/Yr
143 Union Blvd, Lakewood, CO 80228
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
CONCRETE
Total area
195,772 SF
Lot
8.17 ac (355,842 SF)
APN
49-084-02-004
UPID
US13-0573055
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
by Request
Blend (final)
Blend
$26.63M
Owner & transaction history
Legacy Equity Fund I 143 Union LLC · 3 yrs held
Legacy Equity Fund I 143 Union LLC
since 2023
Last sale
$24.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$26,420,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.63M
Range $23.96M – $29.29M · ±10% · vs last sale $24.90M (Feb 27 2023)
Last sale anchor
$24.90M
Feb 27 2023
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
$136 / 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
$625,769
Tax year 2023
Assessed value
$6,938,730
Assessed 2023
Previous assessed
$6,938,730
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$1,240,999
Assessed improvement
$5,697,731
Land market value
$4,448,025
Improvement market value
$20,451,975
Total market value
$24,900,000
Applied tax rate
7,036.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
11
Units
1
Total area
195,772 SF
Lot
8.17 ac (355,842 SF)
APN
49-084-02-004
UPID
US13-0573055
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
11
Units
1
Lot
8.17 ac
Current owner
From public records · entity-resolved
Legacy Equity Fund I 143 Union LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1962 E STAG HL CIR, DRAPER, UT 84020-8348
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
$24,900,000
Legacy Equity Fund I 143 Union LLC
Gpi Union LP
Special Warranty Deed
—
Nov 10, 2015
$30,868,000
Gpi-union LP
Brcp 143 Union LLC
Grant Deed
—
Sep 21, 2012
—
Brcp 143 Union LLC
—
Deed Of Trust
related
$49,000,000 · Mesa West R/e Income Fund
Dec 28, 2009
—
Garrison Station Dev LLC
Qwest Corp
Quit Claim Deed
related
—
Jul 12, 2007
$25,900,000
Brcp 143 Union LLC
One Union Square II Ltd
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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