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Property profile & analytics
OFF-MARKET
Estimated value
$4,145,000
Warehouses
16651 2nd Ave Aurora, CO 80011-9385
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2357704
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Total area
29,548 SF
Lot
2.1 ac (91,476 SF)
Zoning code
RM1
APN
1975-08-1-38-001
UPID
US13-2357704
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
$4.41M
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$4.15M
Owner & transaction history
J & M Holdings LLC · 2 yrs held
J & M Holdings LLC
since 2024
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
RM1 · Aurora, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$4,125,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,770,000
6.5%
$4,405,000
7%
$4,090,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,725,000
Current use
Blend value · Realmo final
$4.15M
Range $3.73M – $4.56M · ±10% · vs last sale $4.03M (Jun 17 2024)
Last sale anchor
$4.03M
Jun 17 2024
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
$140 / 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
$114,020
Tax year 2023
Assessed value
$1,235,133
Assessed 2023
Previous assessed
$1,283,830
-3.8% YoY
Effective rate
9.23%
On assessed value
Land market value
$547,878
Improvement market value
$3,879,122
Total market value
$4,427,000
Applied tax rate
1,185.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Heating
SPACE
Stories
1
Total area
29,548 SF
Lot
2.1 ac (91,476 SF)
Zoning code
RM1
APN
1975-08-1-38-001
UPID
US13-2357704
Jurisdiction
ARAPAHOE
Zoning & alternative use
RM1 · Aurora, CO
Zoning RM1 · permitted uses
RM1 · Aurora, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aurora. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
WAREHOUSE, STORAGE Current
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
2016
Heating
SPACE
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
J & M Holdings LLC
Entity
Mailing address
312 CORKSCREW DR, BRECKENRIDGE, CO 80424
Ownership since
2024
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
Jun 17, 2024
$4,027,500
J & M Holdings LLC
2nd Ave Properties LLC
Warranty Deed
$3,678,000 · Bokf NA
Dec 3, 2021
$4,458,000
2nd Ave Properties LLC
Heis LLC
Special Warranty Deed
$3,100,000 · Extensia Financial LLC
Jan 30, 2020
—
Heis LLC
—
Deed
related
$3,150,000 · Bank Of The West
May 13, 2019
$4,500,000
Heis LLC
2nd Avenue Group LLC
Grant Deed
$3,750,000 · 2nd Ave Group LLC
—
—
Heis LLC
—
Deed Of Trust
related
$3,150,000 · Bank Of The West
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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