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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Manufacturing properties
1820 Delaware Pl Longmont, CO 80501-7006
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0830184
Property summary
AI-generated overview
This exceptional 6,121-square-foot single-tenant flex space in Longmont, Colorado, presents a unique opportunity for businesses seeking a blend of office and industrial functionality. Located at 1820 Delaware Place, 80501, this property offers a versatile layout, incorporating approximately 35% office space and a convenient overhead door for efficient loading and unloading. The building's total square footage is 6,121 square feet, all of which is currently vacant and ready for immediate occupancy. The property's strategic location in Longmont provides easy access to major transportation routes and a thriving business community. Enhance your operational capabilities with the addition of a fenced yard space, available for lease separately or in conjunction with the main building, for an additional monthly cost of $1,500. This space is perfect for businesses requiring secure outdoor storage or operational areas. Don't miss this chance to secure a highly functional and well-located flex space in a desirable Colorado market. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
CONCRETE BLOCKS
Total area
10,400 SF
Lot
0.99 ac (43,299 SF)
Zoning code
3115
APN
1315-09-0-27-003
UPID
US13-0830184
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
-
Venture Manufacturing Co., Inc. Industrial Manufacturer Factory
-
Garczynski Racing Car Racing Track
-
303 Sign Company (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.99M
Owner & transaction history
Delaware Flex LLC · 2 yrs held
Delaware Flex LLC
since 2024
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
3115 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+28.1%
Commercial (general)
$2.9M
+12.4%
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
$1,540,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
$2,100,000
6.5%
$1,940,000
7%
$1,800,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,550,000
Current use
OFFICE BUILDING
$3,270,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,865,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.95M (Mar 2 2025)
Last sale anchor
$1.95M
Mar 2 2025
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
$191 / 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
$36,195
Tax year 2023
Assessed value
$383,625
Assessed 2023
Previous assessed
$383,625
+0.0% YoY
Effective rate
9.43%
On assessed value
Assessed land
$167,400
Assessed improvement
$216,225
Land market value
$600,000
Improvement market value
$775,000
Total market value
$1,375,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Total area
10,400 SF
Lot
0.99 ac (43,299 SF)
Zoning code
3115
APN
1315-09-0-27-003
UPID
US13-0830184
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Longmont, CO
Zoning 3115 · permitted uses
3115 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1985
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Delaware Flex LLC
Entity
Mailing address
5555 DTC PKWY STE #375, GREENWOOD VILLAGE, CO 80111-3197
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
Mar 5, 2024
$1,537,786
Delaware Flex LLC
Pratt Management Company LLC
Special Warranty Deed
$1,110,000 · Collegiate Peaks Bank
—
—
Pratt Management Co LLC
—
Deed Of Trust
related
$1,000,000 · Home St Bk
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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