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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Industrial properties
1501 Lee Hl Dr 16 Boulder, CO 80304-5602
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0068546
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2003
Construction
TILT-UP CONCRETE
Total area
1,875 SF
Lot
3.53 ac (153,767 SF)
Zoning code
3115
APN
1463-07-0-22-016
UPID
US13-0068546
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$755k
Owner & transaction history
Berger & Fohr Holdings LLC · 3 yrs held
Berger & Fohr Holdings LLC
since 2022
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
3115 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+37.0%
Auto repair, garage
$875,000
+14.9%
Commercial (general)
$870,000
+14.5%
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
Method
Estimation
Statistic approach
$785,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$760,000
Current use
OFFICE BUILDING
$1,040,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$870,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $750k (Sep 27 2022)
Last sale anchor
$750k
Sep 27 2022
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
$403 / 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
$15,994
Tax year 2023
Assessed value
$185,200
Assessed 2023
Previous assessed
$149,350
+24.0% YoY
Effective rate
8.64%
On assessed value
Assessed improvement
$185,200
Improvement market value
$663,800
Total market value
$663,800
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
Total area
1,875 SF
Lot
3.53 ac (153,767 SF)
Zoning code
3115
APN
1463-07-0-22-016
UPID
US13-0068546
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$760,000
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$870,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2003
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Stories
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Berger & Fohr Holdings LLC
Entity
Mailing address
1501 LEE HL DR UNIT #16, BOULDER, CO 80304-5602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
$750,000
Berger & Fohr Holdings LLC
Two Pretty Rings LLC
Special Warranty Deed
$600,000 · Key Bank NA
Jan 27, 2014
$420,000
Two Pretty Rings LLC
Treed Co LLC
Warranty Deed
—
Jun 15, 2011
—
Reed-maier Living Trust
Reed,todd
Quit Claim Deed
related
—
Apr 22, 2008
—
Treed Co LLC
Todd Reed
Quit Claim Deed
related
$399,500 · Jpmorgan Chase Bank NA
May 23, 2006
$400,000
Todd Reed
Nagle,bruce
Warranty Deed
$220,000 · First National Bank
Aug 1, 2003
$246,670
Bruce Nagle
1501 Lee Hill Road LLC
Grant 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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