New search
Property profile & analytics
FOR LEASE
Warehouses
1844 Nelson Rd, Longmont, CO 80501
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0456531
For Lease
1 / 2
$7 SF/Yr
1844 Nelson Rd, Longmont, CO 80501
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
CONCRETE BLOCKS
Total area
54,000 SF
Lot
9.02 ac (392,781 SF)
Zoning code
3115
APN
1315-09-0-49-002
UPID
US13-0456531
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
-
Electrom Instruments, Inc. Factory Production Facility
-
Albeo Technologies (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Current, powered by GE Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.96M
Comparable Approach
Comparable
$7.78M
Blend (final)
Blend
$7.47M
Owner & transaction history
Trafalgar Holdings LLC · 9 yrs held
Trafalgar Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
3115 · Longmont, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,620,000
6.5%
$7,955,000
7%
$7,385,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,955,000
Current use
Blend value · Realmo final
$7.47M
Range $6.72M – $8.22M · ±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
$138 / 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
$497,522
Tax year 2023
Assessed value
$5,273,100
Assessed 2023
Previous assessed
$3,288,600
+60.3% YoY
Effective rate
9.44%
On assessed value
Assessed land
$362,700
Assessed improvement
$4,910,400
Land market value
$1,300,000
Improvement market value
$17,600,000
Total market value
$18,900,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1994
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
54,000 SF
Lot
9.02 ac (392,781 SF)
Zoning code
3115
APN
1315-09-0-49-002
UPID
US13-0456531
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
WAREHOUSE, STORAGE Current
Est. value
$9.0M
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
1994
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
9.02 ac
Current owner
From public records · entity-resolved
Trafalgar Holdings LLC
Entity
Mailing address
301 ARCTIC SLOPE AVE, ANCHORAGE, AK 99518-3036
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
—
Trafalgar Holdings LLC
—
Deed
related
$8,150,000 · Northrim Bank
Jan 18, 2017
$112,609,000
Trafalgar Holdings LLC
Longmont Diagnal Investmenats LLC
Special Warranty Deed
$9,375,000 · Alaska USA FCU
Nov 26, 2014
—
Longmont Diagonal Invs LLC
—
Loan Modification
related
$154,150,000 · General Elec Cap
Oct 16, 2012
—
Longmont Diagonal Invs LP
—
Deed Of Trust
related
$61,000,000 · General Electric Capital Corp
Oct 12, 2012
—
Longmont Diagonal Invs LP
Circle Capital Longmont LLC
Quit Claim Deed
related
$61,000,000 · General Elec Cap
Oct 12, 2012
$58,300,000
Longmont Diagonal Invs LP
Circle Capital Longmont LLC
Grant Deed
related
—
Oct 18, 2010
—
Circle Capital Longmont LLC
Circle Cap Longmont Nelson LLC
Quit Claim Deed
related
—
Oct 4, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$78,145,000 · General Electric Capital Corp
Apr 21, 2005
$142,000,000
Circle Capital Longmont LLC
Pratt Land B LLC
Grant Deed
related
$99,400,000 · Morgan Stanley Mtg Capital INC
Sep 29, 2004
—
Pratt Land B LLC
Pratt Land A1 LLC
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
