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Property profile & analytics
OFF-MARKET
Estimated value
$9,285,000
Auto shops
1604 Lincoln Ave Loveland, CO 80538-3828
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0880747
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,710 SF
Lot
2.59 ac (112,820 SF)
APN
95123-44-002
UPID
US13-0880747
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
$8.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.70M
Blend (final)
Blend
$9.29M
Owner & transaction history
170 Ne 40 Street INC · 5 yrs held
170 Ne 40 Street INC
since 2021
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+39.8%
Apartment house (5+ units)
$7.9M
+21.6%
Medical building
$7.6M
+18.1%
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 Loveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loveland 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
$7,680,000
ML approach
$8,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,470,000
Current use
RESTAURANT
$9,045,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,870,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$7,640,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$9.29M
Range $8.36M – $10.21M · ±10% · vs last sale $10.44M (May 4 2021)
Last sale anchor
$10.44M
May 4 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
$376 / 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
$185,887
Tax year 2023
Assessed value
$2,423,422
Assessed 2023
Previous assessed
$529,888
+357.3% YoY
Effective rate
7.67%
On assessed value
Assessed land
$314,768
Assessed improvement
$2,108,654
Land market value
$1,128,200
Improvement market value
$7,557,900
Total market value
$8,686,100
Applied tax rate
22,001.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
24,710 SF
Lot
2.59 ac (112,820 SF)
APN
95123-44-002
UPID
US13-0880747
Jurisdiction
LARIMER
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
AUTO REPAIR, GARAGE Current
Est. value
$6.5M
RESTAURANT
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE Current
RESTAURANT
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
170 Ne 40 Street INC
Entity
Free & Clear · 5 yrs held
Mailing address
2121 NW 2ND AVE STE #206, MIAMI, FL 33127-4830
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$10,442,900
170 Ne 40 Street INC
Drake Loveland Motor Partners LLC
Special Warranty Deed
—
Oct 1, 2020
$3,675,000
Drake Loveland Motor Ptrs LLC
Powersports Properties LLC
Grant Deed
—
Oct 1, 2020
—
Drake Loveland Motor Ptrs LLC
—
Correction Deed
related
$5,255,000 · Independent Bk
Sep 24, 2020
—
Drake Loveland Motor Ptrs LLC
—
Deed Of Trust
related
$100,000 · Independent Bk
Jun 17, 2020
—
Powersports Properties LLC
City Of Loveland Colorado
Quit Claim Deed
related
—
Nov 1, 2011
$800,000
Powersports Properties LLC
Dkmp2 Investments LLC
Special Warranty Deed
$870,000 · Jpmorgan Chase Bank NA
Dec 24, 2009
—
Dkmp2 Investments LLC
—
Deed Of Trust
related
$4,685,929 · Tierone Bank
Dec 30, 2005
$2,456,800
Dkmp2 Investments LLC
Cgm Holdings LLC
Grant Deed
$23,000,000 · Tierone 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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