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1860 Lefthand Cir, Longmont, CO 80501
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Property summary
AI-generated overview
This exceptional 20,400-square-foot industrial property, located at 1860 Lefthand Cir in Longmont, Colorado, 80501, presents a unique opportunity for a single tenant. The building, which underwent a complete renovation in 2023, offers a versatile space suitable for manufacturing, flex, warehouse, distribution, or R&D operations. The property sits on a generous 2.17-acre lot, providing ample room for expansion or outdoor storage. The building boasts a 11-foot ceiling height, enhancing operational efficiency. Four convenient drive-in bays facilitate easy loading and unloading of goods. Parking is abundant, with 50 spaces available for employees and visitors. The robust power supply features 1600 Amp service, 120-208 Volt, and 3-phase power, ensuring sufficient capacity for demanding industrial applications. The entire 20,400 square feet is currently vacant and ready for immediate occupancy. This prime Longmont location offers excellent access to major transportation routes, making it an ideal choice for businesses seeking a strategic location in a thriving industrial market. The property's recent renovation ensures modern amenities and efficient operations. Don't miss this chance to secure a high-quality industrial space in a desirable Colorado location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Construction
CONCRETE BLOCKS
Total area
20,400 SF
Lot
2.17 ac (94,395 SF)
Zoning code
3115
APN
1315-16-2-01-003
UPID
US13-0484821
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.84M
CAP Approach
CAP
$3.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.91M
Owner & transaction history
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
3115 · Longmont, CO
Top alternative use upside
Commercial (general)
$5.6M
+12.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.91M
Value range
$4.42M – $5.40M
±10% around blend
Estimated value / SF
$241 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
90
Income certainty
100
$4.42M
blend $4.91M
$5.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
20,400 SF
Lot area
2.17 ac
Year built
1983
Stories
1
APN
1315-16-2-01-003
Zoning
3115
Assessed value
$1,102,050
Annual tax
$103,980
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.81M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.12M
@ 6.5% CAP return
$3.81M
@ 7% CAP return
$3.53M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$103,980
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.63M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.4 mi away · 22,620 SF
7.5 mi away · 19,420 SF
9.2 mi away · 15,036 SF
10.6 mi away · 17,274 SF
13.2 mi away · 25,628 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$245
-2%
Submarket 136 sales
$187
+28%
County 138 sales
$273
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $241/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+12%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
5.00%
Selected cap rate for this manufacturing properties
Derived from the Longmont market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$69k *
Last sale · Jul 2025
$2.91M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.38M
Move the market yield to see immediate price impact.
Value / SF
$68
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$62k
$1.38M
$1.24M
$1.13M
$69k
$1.53M
$1.38M
$1.25M
$76k
$1.68M
$1.52M
$1.38M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$9.05M
0.8 mi · Dec 2025 · $425/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$103,980
Tax year 2023
Assessed value
$1,102,050
Assessed 2023
Previous assessed
$383,148
+187.6% YoY
Effective rate
9.44%
On assessed value
Assessed land
$245,743
Assessed improvement
$856,307
Land market value
$880,800
Improvement market value
$3,069,200
Total market value
$3,950,000
Applied tax rate
680.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1983
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
20,400 SF
Lot
2.17 ac (94,395 SF)
Zoning code
3115
APN
1315-16-2-01-003
UPID
US13-0484821
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Longmont, COZoning 3115 · permitted uses
3115 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
2.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
3115
Jurisdiction
Longmont, CO
Recorded code
3115
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 3115 in Longmont, CO.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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