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Property profile & analytics
OFF-MARKET
Estimated value
$2,770,000
Industrial properties
1500 Kansas Ave Longmont, CO 80501-6500
Entity Owned
Free & Clear
Property ID
US13-0595210
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
CONCRETE BLOCKS
Total area
14,400 SF
Lot
4.77 ac (207,868 SF)
Zoning code
3115
APN
1315-09-0-30-002
UPID
US13-0595210
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
-
Steve's Topicals Hemp Store (Bike/Boat/Book/etc) Store Cosmetic Store
-
Kansas Avenue Office Park Business Service Center Corporate Office
-
Mountain Secure Systems Industrial Manufacturer Production Facility
-
Crystal Joys Wholesale *Appointment Only* Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$2.77M
Owner & transaction history
County Of Boulder
County Of Boulder
since 2026
7 recorded transactions
Zoning & alternative use
3115 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+28.1%
Commercial (general)
$4.0M
+12.4%
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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%
$2,910,000
6.5%
$2,685,000
7%
$2,495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,535,000
Current use
OFFICE BUILDING
$4,525,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,970,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.77M
Range $2.49M – $3.05M · ±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
$192 / 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
$205,324
Tax year 2023
Assessed value
$2,176,173
Assessed 2023
Previous assessed
$1,706,592
+27.5% YoY
Effective rate
9.44%
On assessed value
Assessed land
$369,257
Assessed improvement
$1,806,916
Land market value
$1,323,500
Improvement market value
$6,476,400
Total market value
$7,799,900
Applied tax rate
680.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
14,400 SF
Lot
4.77 ac (207,868 SF)
Zoning code
3115
APN
1315-09-0-30-002
UPID
US13-0595210
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Longmont, CO
Zoning 3115 · permitted uses
3115 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.0M
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
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.77 ac
Current owner
From public records · entity-resolved
County Of Boulder
Entity
Free & Clear · 0 yrs held
Mailing address
532 FRST LN, CRESTED BUTTE, CO 81224-9624
Ownership since
2026
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
Jan 26, 2026
$1,750,000
County Of Boulder
Asa West Hygiene Lllp
Special Warranty Deed
—
Oct 23, 2024
—
1500 Kansas Owner LLC
Alice & Sage Development LLC
Special Warranty Deed
$5,640,000 · United Of Omaha Life Insurance Comp
Nov 12, 2019
—
Alice & Sage Dev LLC
—
Deed
related
$4,230,000 · Bank Of America
Jan 7, 2019
—
Pedersen Dev Co
Depot Square Apartments LLC
Grant Deed
—
Jan 7, 2019
$7,200,000
Alice & Sage Dev LLC
Petersen Dev Co LLC
Grant Deed
$3,637,500 · Bank Of The West
Sep 22, 2017
$5,970,500
Depot Square Apartments LLC
Kansas Ave Industrial Property LLC
Special Warranty Deed
$4,462,500 · First National Bank Of Omaha
Aug 28, 2013
$3,550,000
1500 Kansas Ave Indl Prop LLC
Colorado Indl Portfolio LLC
Grant Deed
—
—
—
Alice & Sage Dev LLC
—
Deed Of Trust
related
$4,230,000 · Bank Of America
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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