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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
1480 Thomas Ave Englewood, CO 80110-5544
Entity Owned
Free & Clear
Property ID
US13-1183573
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
CONCRETE BLOCKS
Total area
1,800 SF
Lot
0.24 ac (10,454 SF)
APN
2077-09-1-23-005
UPID
US13-1183573
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$367k
Blend (final)
Blend
$525k
Owner & transaction history
Otag Holdings LLC
Otag Holdings LLC
since 2025
Last sale
$524,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+122.5%
Retail stores
$750,000
+96.7%
Neighborhood: shopping center
$625,000
+64.0%
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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$380,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +122% · Conversion: Easy
RETAIL STORES
$750,000
Change: +97% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$555,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $524k (Jan 4 2024)
Last sale anchor
$524k
Jan 4 2024
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
$292 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,500
Tax year 2021
Assessed value
$70,029
Assessed 2023
Previous assessed
$63,800
+9.8% YoY
Effective rate
6.43%
On assessed value
Land market value
$157,245
Improvement market value
$123,755
Total market value
$281,000
Applied tax rate
15.0000
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,800 SF
Lot
0.24 ac (10,454 SF)
APN
2077-09-1-23-005
UPID
US13-1183573
Jurisdiction
ARAPAHOE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$380,000
AUTO REPAIR, GARAGE
Est. value
$845,000
RETAIL STORES
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
MEDICAL BUILDING
Est. value
$555,000
OFFICE BUILDING
Est. value
$415,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Otag Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8181 E TUFTS AVE STE #600, DENVER, CO 80237-2579
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2025
—
Otag Holdings LLC
Rose Garden Thomas LLC
Quitclaim Deed
related
—
Jan 4, 2024
$524,000
Rose Garden Thomas LLC
Milfred G Harr And Mary S Harr Jlt
Special Warranty 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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