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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Residential income homes
184 Hwy 7th Business Allenspark, CO 80510-5000
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1475281
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1935
Construction
WOOD
Total area
3,666 SF
Lot
0.36 ac (15,594 SF)
Zoning code
2115
APN
1197-26-4-09-001
UPID
US13-1475281
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
$662k
Blend (final)
Blend
$645k
Owner & transaction history
William E Martin · 5 yrs held
William E Martin
since 2020
7 recorded transactions
Zoning & alternative use
2115 · Allenspark, 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 Allenspark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allenspark 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
APARTMENT HOUSE (5+ UNITS)
$805,000
Current use
COMMERCIAL (GENERAL)
$750,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$176 / 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
$17,514
Tax year 2023
Assessed value
$288,514
Assessed 2023
Previous assessed
$112,687
+156.0% YoY
Effective rate
6.07%
On assessed value
Assessed land
$176,495
Assessed improvement
$112,019
Land market value
$632,600
Improvement market value
$401,500
Total market value
$1,034,100
Applied tax rate
1,352.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Rooms
13
Total area
3,666 SF
Lot
0.36 ac (15,594 SF)
Zoning code
2115
APN
1197-26-4-09-001
UPID
US13-1475281
Jurisdiction
BOULDER
Zoning & alternative use
2115 · Allenspark, COZoning 2115 · permitted uses
2115 · Allenspark, CO
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS) Current
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
1935
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Rooms
13
Lot
0.36 ac
Current owner
From public records · entity-resolved
William E Martin
Individual
Mailing address
PO BOX 247, ALLENSPARK, CO 80510-0247
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
—
William E Martin
—
Deed
related
$470,000 · Miscellaneous Ins Co
Oct 16, 2018
—
William E Martin
—
Deed
related
$470,000 · Miscellaneous Ins Co
—
—
Martin,william E & V Juanita
—
Deed Of Trust
related
$20,000 · Us Small Busn Admn
—
—
William E Martin
—
Deed Of Trust
related
$170,000 · Carl Sticht
—
—
William E Martin
—
Deed Of Trust
related
$470,000 · Colorado First Commercial Mtg
—
—
William E Martin
—
Loan Modification
related
$470,000 · Miscellaneous Ins Co
—
—
William E Martin
—
Loan Modification
related
$470,000 · Miscellaneous Ins Co
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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