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    Property profile & analytics

    1844 Nelson Rd Longmont, CO 80501

    • Warehouses
    • 54,000 SF
    • 9.02 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0456531
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Electrom Instruments, Inc. / Factory / Production Facility
    • Albeo Technologies / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
    • Current, powered by GE / Industrial Manufacturer

    Property Details for 1844 Nelson Rd

    Year built
    1994
    Construction
    CONCRETE BLOCKS
    Lot size
    9.02 lot acres
    Property size
    54,000 SF
    Zone code
    3115
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1315-09-0-49-002
    APU
    131509049002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,620,000
      6.5%
      $7,955,000
      7%
      $7,385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,784,000
      Market price range: $2.47M - $8.46M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $8,955,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.124
    Latitude
    40.1537
    CBSA code
    14500
    CBSA name
    BOULDER, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $497,522
    $362,700
    $4,910,400
    $5,273,100
    -
    $1,300,000
    $17,600,000
    $18,900,000

    Comparable in this City

    • Value Estimation
      $585,000
      5,210 SF

      1120 Delaware Ave

      MINI-WAREHOUSE, STORAGE • 5,210 SF
      1120 Delaware Ave, Longmont, CO 80501-6141
      View Details
    • Value Estimation
      $1,430,000
      15,466 SF

      230 Golden Rod Ct

      MINI-WAREHOUSE, STORAGE • 15,466 SF
      230 Golden Rod Ct, Longmont, CO 80501-6040
      View Details
    • Value Estimation by Request
      1,800 SF

      126 Main St

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      126 Main St, Longmont, CO 80501-6216
      View Details
    • Value Estimation
      $785,000
      5,000 SF

      105 3rd Ave

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      105 3rd Ave, Longmont, CO 80501-5695
      View Details
    • Value Estimation
      $1,130,000
      11,180 SF

      1140 Boston Ave

      MINI-WAREHOUSE, STORAGE • 11,180 SF
      1140 Boston Ave, Longmont, CO 80501-5889
      View Details
    • Value Estimation by Request
      2,400 SF

      1245 Boston Ave

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      1245 Boston Ave, Longmont, CO 80501-1712
      View Details

    Similar Nearby for Sale

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      54,801 SF

      Longmont Industrial Redevelopment

      54,801 SF Warehouse, Flex & Distribution
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    • Contact for pricing
      5,498 SF

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      Warehouse/production area with crane, offices, and fenced yard.
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    • $2,200,000

      Functional Flex Office Space

      11,680 SF flex space with offices, lab, and shop.
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      Longmont Flex Space For Sale

      Stand-alone building suitable for owner-user in southwest Longmont.
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    • $630,000
      0.99 Acres

      Longmont Commercial Land - $630K

      Prime 0.99-acre lot, mixed-use zoning.
      919 Sherman St, Longmont, CO 80501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,836 SF

      Longmont Industrial Building with Yard

      Spacious industrial building with secure yard in central Longmont.
      1501 Nelson Rd, Longmont, CO 80501
      View Details
    • Contact for pricing
      6,400 SF

      Longmont Flex Space Available

      Service retail/flex space with warehouse in Longmont.
      624-640 S Sunset St, Longmont, CO 80501
      View Details
    • Contact for pricing

      Modern Industrial Building with Yard

      7,200 SF industrial building with secure outdoor storage.
      5741 Majestic St, Frederick, CO 80501
      View Details
    • $9 SF/Yr
      87,991 SF

      Longmont Industrial Park Flex Space

      Versatile flex space in Longmont Industrial Park available for sublease.
      711 S Bowen St, Longmont, CO 80501
      View Details
    • Contact for pricing
      2,400 SF

      Longmont Flex Space Available

      2,400 SF flex space in Southwest Longmont for lease.
      1254 Sherman Dr, Longmont, CO 80501
      View Details
    • $14 SF/Yr
      3,980 SF

      Industrial Flex Space with Yard

      Versatile flex space with yard, shared dock, and signage.
      1820 Industrial Cir, Longmont, CO 80501
      View Details
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    1844 Nelson Rd
    Longmont, CO 80501
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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