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Property profile & analytics
OFF-MARKET
Estimated value
$7,580,000
Office buildings
1501 Sunset St Longmont, CO 80501-6756
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0476595
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE BLOCKS
Total area
9,815 SF
Lot
2.11 ac (92,042 SF)
Zoning code
3115
APN
1315-16-2-05-001
UPID
US13-0476595
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
-
Conduant Corporation Factory Production Facility
-
Guidestar Optical Systems, Inc. Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.58M
Owner & transaction history
Lamar Station Investments LLC · 2 yrs held
Lamar Station Investments LLC
since 2023
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
3115 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+54.7%
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
$6,875,000
ML approach
$7,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,775,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$7.58M
Range $6.82M – $8.34M · ±10% · vs last sale $7.92M (Oct 26 2023)
Last sale anchor
$7.92M
Oct 26 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
$772 / 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
$70,443
Tax year 2023
Assessed value
$754,974
Assessed 2023
Previous assessed
$443,120
+70.4% YoY
Effective rate
9.33%
On assessed value
Assessed land
$108,810
Assessed improvement
$646,164
Land market value
$390,000
Improvement market value
$2,316,000
Total market value
$2,706,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Total area
9,815 SF
Lot
2.11 ac (92,042 SF)
Zoning code
3115
APN
1315-16-2-05-001
UPID
US13-0476595
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
RESTAURANT
Est. value
$4.8M
RESTAURANT
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
1984
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Lamar Station Investments LLC
Entity
Mailing address
789 N SHERMAN ST STE #430, DENVER, CO 80203-3531
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2023
$7,915,800
Lamar Station Investments LLC
Bpvif V Holdings 12 LLC
Special Warranty Deed
$11,400,000 · United Of Omaha Life Insurance Comp
Mar 4, 2021
$6,071,600
Pvif V Holdings 12 LLC
Gcc Longmont Holdings LP
Special Warranty Deed
—
Sep 5, 2019
—
Gcc Longmont Holdings LP
—
Grant Deed
related
$56,500,000 · Vmc Lender LLC
May 25, 2017
$69,600,000
Gcc Longmont Holdings LP
Longmont Diagonal Invs LLC
Trustees Deed
related
$65,000,000 · Acrc Lender
Nov 26, 2014
—
Longmont Diagonal Invs LLC
—
Loan Modification
related
$154,150,000 · General Elec Cap
Oct 16, 2012
—
Longmont Diagonal Invs LP
—
Deed Of Trust
related
$61,000,000 · General Electric Capital Corp
Oct 12, 2012
$58,300,000
Longmont Diagonal Invs LP
Circle Capital Longmont LLC
Grant Deed
—
Oct 12, 2012
—
Longmont Diagonal Invs LP
Circle Capital Longmont LLC
Quit Claim Deed
related
$61,000,000 · General Elec Cap
Apr 21, 2005
$142,000,000
Circle Capital Longmont LLC
Pratt Land B LLC
Grant Deed
related
$99,400,000 · Morgan Stanley Mtg Capital INC
Sep 29, 2004
—
Pratt Land B LLC
Pratt Land A2 LLC
Quit Claim Deed
related
$116,990,000 · Morgan Stanley Mtg Capital INC
—
—
Charles L Lawson
—
Deed Of Trust
related
$25,000 · Wells Fargo 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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