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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
1491 Denver Ave Loveland, CO 80538-5227
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2314464
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
1,892 SF
Lot
0.31 ac (13,591 SF)
APN
85074-41-102
UPID
US13-2314464
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
-
Ed Bowen - State Farm Insurance Agent Insurance Agency
-
Scott Family Health Alternative Medicine Practice
-
Ashley Engler Alternative Medicine Practice Acupuncture
-
Katherine Gabler Physician
-
Kevin Kirsch Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$595k
Owner & transaction history
Abide Properties LLC · 3 yrs held
Abide Properties LLC
since 2023
Last sale
$633,820
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$585,000
+41.6%
Auto repair, garage
$495,000
+20.0%
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 Loveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loveland 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
$575,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$415,000
Current use
MEDICAL BUILDING
$585,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$495,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$395,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $634k (Jun 7 2023)
Last sale anchor
$634k
Jun 7 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
$314 / 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
$13,314
Tax year 2023
Assessed value
$181,350
Assessed 2023
Previous assessed
$187,050
-3.0% YoY
Effective rate
7.34%
On assessed value
Assessed land
$35,070
Assessed improvement
$146,280
Land market value
$125,700
Improvement market value
$524,300
Total market value
$650,000
Applied tax rate
2,200.0000
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
Off-Market
Year built
2003
Cooling
AC.PACKAGE
Stories
2
Total area
1,892 SF
Lot
0.31 ac (13,591 SF)
APN
85074-41-102
UPID
US13-2314464
Jurisdiction
LARIMER
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
OFFICE BUILDING Current
Est. value
$415,000
MEDICAL BUILDING
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$495,000
RETAIL STORES
Est. value
$395,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
Cooling
Yes
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Abide Properties LLC
Entity
Mailing address
2944 SUNSET VW DR, FORT COLLINS, CO 80528-7007
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2023
$633,820
Abide Properties LLC
Mkes Properties LLC
Warranty Deed
$300,000 · Independent Bank
Jun 7, 2023
$1,127,275
Mkes Properties LLC
Abide Properties LLC
Warranty Deed
$2,825,000 · Live Oak Banking Company
Feb 17, 2023
—
1491 Denver Ave LLC
S B Professional Marketplace LLC
Quit Claim Deed
related
$499,000 · Independent Bank
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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