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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Turn key restaurants
1805 Industrial Cir Longmont, CO 80501-6523
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0138060
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
CONCRETE BLOCKS
Total area
8,191 SF
Lot
1.58 ac (68,694 SF)
Zoning code
2134
APN
1315-09-0-35-001
UPID
US13-0138060
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
$2.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.24M
Owner & transaction history
Kenny Yunghsin Chiang · 4 yrs held
Kenny Yunghsin Chiang
since 2022
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
2134 · Longmont, CO
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
$2,800,000
ML approach
$2,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,215,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $2.25M (Mar 14 2022)
Last sale anchor
$2.25M
Mar 14 2022
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
$273 / 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
$34,221
Tax year 2023
Assessed value
$362,700
Assessed 2023
Previous assessed
$435,000
-16.6% YoY
Effective rate
9.44%
On assessed value
Assessed land
$362,421
Assessed improvement
$279
Land market value
$1,299,000
Improvement market value
$1,000
Total market value
$1,300,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Total area
8,191 SF
Lot
1.58 ac (68,694 SF)
Zoning code
2134
APN
1315-09-0-35-001
UPID
US13-0138060
Jurisdiction
BOULDER
Zoning & alternative use
2134 · Longmont, COZoning 2134 · permitted uses
2134 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.2M
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
1978
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Kenny Yunghsin Chiang
Individual
Mailing address
2336 SPOTSWOOD ST, LONGMONT, CO 80504-3769
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
—
Kenny Yunghsin Chiang
—
Deed
related
$4,099,343 · High Plains Bank
Mar 14, 2022
$2,250,000
Kenny Yunghsin Chiang
Evin Longmont LLC
Special Warranty Deed
$1,926,141 · High Plains Bank
Jun 29, 2010
—
Crestco Holdings LLC
Crestco Exchange-longmont LLC
Quit Claim Deed
—
Jan 16, 2009
$22,744
Menorah Six LLC
Shames Israel R
Grant Deed
—
Dec 26, 2008
$22,744
I R Shames
Evin-longmont LLC
Quit Claim Deed
related
—
Feb 10, 2006
—
Wadsworth Old Chicago INC
—
Deed Of Trust
related
$35,000,000 · Laminar Direct Capital LP
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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