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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Medical Office Space
1600 Dry Crk Dr Longmont, CO 80503-6405
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2213420
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
FRAME
Total area
21,813 SF
Lot
1.82 ac (79,105 SF)
APN
1315-17-0-53-003
UPID
US13-2213420
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
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.14M
Owner & transaction history
1630 Dry Creek LLC · 8 yrs held
1630 Dry Creek LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.2M
+69.3%
Office building
$3.0M
+60.6%
Restaurant
$2.9M
+53.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,885,000
Current use
WAREHOUSE, STORAGE
$3,190,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$3,025,000
Change: +61% · Conversion: Easy
RESTAURANT
$2,890,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$2,555,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,540,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±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
$98 / 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
$154,522
Tax year 2023
Assessed value
$1,646,101
Assessed 2023
Previous assessed
$1,111,860
+48.0% YoY
Effective rate
9.39%
On assessed value
Assessed land
$246,218
Assessed improvement
$1,399,883
Land market value
$882,500
Improvement market value
$5,017,500
Total market value
$5,900,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
ZONE
Cooling
YES
Stories
2
Total area
21,813 SF
Lot
1.82 ac (79,105 SF)
APN
1315-17-0-53-003
UPID
US13-2213420
Jurisdiction
BOULDER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2018
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
1630 Dry Creek LLC
Entity
Mailing address
4895 RIVERBEND RD, BOULDER, CO 80301-2640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2018
—
1630 Dry Creek LLC
—
Trustees Deed
related
$3,726,671 · Colorado Busn Bk
Sep 27, 2017
$646,200
1630 Dry Creek LLC
Trlumph Invesment LLC
Special Warranty Deed
$520,000 · Guaranty Bank & Trust Co
—
—
1630 Dry Creek LLC
—
Deed Of Trust
related
$2,955,000 · Colorado Lndg Source
—
—
1630 Dry Creek LLC
—
Deed Of Trust
related
$3,726,671 · Bok Fin'l
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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