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Property profile & analytics
OFF-MARKET
Industrial properties
1501 Lee Hl Dr 14 Boulder, CO 80304-5602
Individually Owned
8-yr Hold
Free & Clear
Property ID
US13-0930279
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2003
Construction
TILT-UP CONCRETE
Total area
2,375 SF
Lot
3.53 ac (153,767 SF)
Zoning code
3115
APN
1463-07-0-22-014
UPID
US13-0930279
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
-
Womens-Wilderness (Bike/Boat/Book/etc) Store
-
Settembre Cellars Brewery & Distillery Specialty Food Shop
-
BOCO Cider Boulder Cidery & Taproom Production Facility Brewery & Distillery
-
Floor Crafters Construction Company General Contractor
-
Independent Power HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Belochi · 8 yrs held
Michael Belochi
since 2018
Last sale
$850,000
2 recorded transactions
Zoning & alternative use
3115 · Boulder, CO
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 Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,071
Tax year 2023
Assessed value
$209,250
Assessed 2023
Previous assessed
$175,740
+19.1% YoY
Effective rate
8.64%
On assessed value
Assessed improvement
$209,250
Improvement market value
$750,000
Total market value
$750,000
Applied tax rate
10.0000
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2003
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
2,375 SF
Lot
3.53 ac (153,767 SF)
Zoning code
3115
APN
1463-07-0-22-014
UPID
US13-0930279
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Boulder, CO
Zoning 3115 · permitted uses
3115 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boulder. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Michael Belochi
Individual
Free & Clear · 8 yrs held
Mailing address
4264 REDWOOD PL, BOULDER, CO 80301-1638
Ownership since
2018
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
Jun 1, 2018
$505,000
Michael Belochi
Smithing 1314 LLC
Warranty Deed
—
Feb 27, 2013
—
Smithing 1314 LLC
Mcmahon,philip L
Grant Deed
related
—
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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