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Property profile & analytics
OFF-MARKET
Estimated value
$5,115,000
Retail space
1601 84th Ave Federal Heights, CO 80260-5001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2534155
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
13,700 SF
Lot
1.59 ac (69,130 SF)
APN
R0148308
UPID
US13-2534155
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$5.12M
Owner & transaction history
Walgreen Co · 4 yrs held
Walgreen Co
since 2021
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+27.2%
Auto repair, garage
$5.5M
+24.5%
Neighborhood: shopping center
$4.4M
+0.9%
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 Federal Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Federal Heights 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
$5,450,000
ML approach
$5,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,405,000
Current use
RESTAURANT
$5,605,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,485,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,445,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,435,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,260,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$4,160,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$5.12M
Range $4.60M – $5.63M · ±10% · vs last sale $4.96M (Sep 17 2021)
Last sale anchor
$4.96M
Sep 17 2021
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
$373 / 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
$72,505
Tax year 2023
Assessed value
$685,560
Assessed 2023
Previous assessed
$973,670
-29.6% YoY
Effective rate
10.58%
On assessed value
Assessed land
$303,770
Assessed improvement
$381,790
Land market value
$1,088,793
Improvement market value
$1,368,407
Total market value
$2,457,200
Applied tax rate
167.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
13,700 SF
Lot
1.59 ac (69,130 SF)
APN
R0148308
UPID
US13-2534155
Jurisdiction
ADAMS
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
RETAIL STORES Current
Est. value
$4.4M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1999
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
—
Walgreen Co
Project Saturn Fund V LLC
Lease
$305,000 · Credit Union Of Colorado
Sep 17, 2021
$4,960,000
Project Saturn Fund V LLC
Waltrust Properites INC
Special Warranty Deed
$56,200,000 · Key Bank NA
Oct 20, 2008
$4,263,000
Walgreen Co
Foster Sundial LLC
Grant Deed
—
Oct 20, 2008
—
Waltrust Properties INC
Walgreen
Grant Deed
related
—
Feb 19, 1999
$4,164,000
Foster Sundial LLC
Reliance Development Co LLP
Grant Deed
$3,454,000 · William Blair & Company LLC
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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