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Property profile & analytics
OFF-MARKET
Estimated value
$16,120,000
Parking lots & garages
17900 81st Ave Commerce City, CO 80022
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0593095
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2005
Total area
43,560 SF
Lot
10 ac (435,600 SF)
APN
R0110357
UPID
US13-0593095
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
$18.45M
Blend (final)
Blend
$16.12M
Owner & transaction history
Commerce City Parking LLC · 1 yrs held
Commerce City Parking LLC
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.8M
+40.9%
Auto repair, garage
$14.9M
+17.5%
Neighborhood: shopping center
$14.1M
+11.8%
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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
PARKING LOT
$12,645,000
Current use
RESTAURANT
$17,815,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,860,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,140,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$14,010,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,540,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$13,225,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$11,145,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$16.12M
Range $14.51M – $17.73M · ±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
$370 / 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
$58,440
Tax year 2023
Assessed value
$581,380
Assessed 2023
Previous assessed
$942,240
-38.3% YoY
Effective rate
10.05%
On assessed value
Assessed land
$455,750
Assessed improvement
$125,630
Land market value
$1,633,500
Improvement market value
$450,275
Total market value
$2,083,775
Applied tax rate
268.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
NONE
Stories
1
Total area
43,560 SF
Lot
10 ac (435,600 SF)
APN
R0110357
UPID
US13-0593095
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
PARKING LOT Current
Est. value
$12.6M
RESTAURANT
Est. value
$17.8M
AUTO REPAIR, GARAGE
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.1M
RETAIL STORES
Est. value
$14.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
MEDICAL BUILDING
Est. value
$13.2M
OFFICE BUILDING
Est. value
$11.1M
PARKING LOT Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE 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
2005
Heating
NONE
Cooling
Yes
Stories
1
Lot
10 ac
Current owner
From public records · entity-resolved
Commerce City Parking LLC
Entity
Mailing address
18000 E 81ST AVE, COMMERCE CITY, CO 80022-9400
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
—
Commerce City Parking LLC
Colorado Airport Parking LLC
Special Warranty Deed
$30,000,000 · Bmo Bank NA
—
—
Colorado Airport Parking LLC
—
Deed Of Trust
related
$11,015,000 · Firstbank
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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