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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Warehouses
1501 Arthur Ave Louisville, CO 80027-3082
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US13-0182906
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
5,888 SF
Lot
2.83 ac (123,405 SF)
Zoning code
2135
APN
1575-16-0-21-001
UPID
US13-0182906
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
$965k
Comparable Approach
Comparable
$887k
Blend (final)
Blend
$950k
Owner & transaction history
Arapahoe Land & Inv Co LLC · 14 yrs held
Arapahoe Land & Inv Co LLC
since 2011
7 recorded transactions
Zoning & alternative use
2135 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Apartment house (5+ units)
$1.5M
+52.3%
Industrial (general)
$1.2M
+27.1%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$965,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,465,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,225,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$161 / 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
$136,508
Tax year 2023
Assessed value
$1,543,483
Assessed 2023
Previous assessed
$661,450
+133.3% YoY
Effective rate
8.84%
On assessed value
Assessed land
$480,968
Assessed improvement
$1,062,515
Land market value
$1,723,900
Improvement market value
$3,808,300
Total market value
$5,532,200
Applied tax rate
96.0000
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
2000
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
AC.PACKAGE
Stories
1
Total area
5,888 SF
Lot
2.83 ac (123,405 SF)
Zoning code
2135
APN
1575-16-0-21-001
UPID
US13-0182906
Jurisdiction
BOULDER
Zoning & alternative use
2135 · Louisville, COZoning 2135 · permitted uses
2135 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$965,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
2000
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Arapahoe Land & Inv Co LLC
Entity
Mailing address
1501 S ARTHUR AVE, LOUISVILLE, CO 80027-3082
Ownership since
2011
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
Jul 5, 2022
—
Arapahoe Land & Investment Co LLC
—
Deed
related
$2,000,000 · Independent Bank
Jul 28, 2020
—
Arapahoe Land & Invs Co LLC
—
Deed
related
$589,036 · Independent Bk
Aug 1, 2019
—
Arapahoe Land & Invs Co LLC
—
Deed
related
$547,507 · Independent Bk
Jul 6, 2017
—
Arapahoe Land & Investemtn LLC
—
Deed
related
$500,000 · Guaranty Bank & Trust Co
May 26, 2016
—
Arapahoe Land & Investment Co LLC
—
Deed
related
$360,000 · Guaranty Bank & Trust Co
Dec 30, 2011
$1,400,000
Arapahoe Land & Inv Co LLC
Warembourg Colorado Ranches Ll
Warranty Deed
$1,120,000 · Warembourg Colorado Ranches Ll
—
—
Arapahoe Land & Invs Co LLC
—
Loan Modification
related
$547,507 · Independent Bk
—
—
Arapahoe Land & Invs Co LLC
—
Loan Modification
related
$589,036 · Independent Bk
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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