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Property profile & analytics
OFF-MARKET
Estimated value
$18,045,000
Manufacturing properties
1886 Pr Way, Louisville, CO 80027-9600
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-2506881
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
TILT-UP CONCRETE
Total area
65,196 SF
Lot
6.09 ac (265,150 SF)
Zoning code
3135
APN
1575-16-0-25-007
UPID
US13-2506881
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
$17.81M
Blend (final)
Blend
$18.05M
Owner & transaction history
Sreit 1886 Prairie Way LLC · 5 yrs held
Sreit 1886 Prairie Way LLC
since 2021
Last sale
$18.3M
5 recorded transactions
Zoning & alternative use
3135 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$27.8M
+105.0%
Restaurant
$24.4M
+80.2%
Retail stores
$23.7M
+74.5%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
$17,690,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,555,000
Current use
AUTO REPAIR, GARAGE
$27,785,000
Change: +105% · Conversion: Easy
RESTAURANT
$24,415,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$23,650,000
Change: +75% · Conversion: Moderate
COMMERCIAL (GENERAL)
$21,815,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$18,120,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,240,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$18.05M
Range $16.24M – $19.85M · ±10% · vs last sale $18.34M (Apr 27 2021)
Last sale anchor
$18.34M
Apr 27 2021
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
$277 / 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
$455,126
Tax year 2023
Assessed value
$5,118,143
Assessed 2023
Previous assessed
$3,123,561
+63.9% YoY
Effective rate
8.89%
On assessed value
Assessed land
$1,535,783
Assessed improvement
$3,582,360
Land market value
$5,504,600
Improvement market value
$12,840,000
Total market value
$18,344,600
Applied tax rate
96.0000
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
2001
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
65,196 SF
Lot
6.09 ac (265,150 SF)
Zoning code
3135
APN
1575-16-0-25-007
UPID
US13-2506881
Jurisdiction
BOULDER
Zoning & alternative use
3135 · Louisville, CO
Zoning 3135 · permitted uses
3135 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$27.8M
RESTAURANT
Est. value
$24.4M
RETAIL STORES
Est. value
$23.7M
COMMERCIAL (GENERAL)
Est. value
$21.8M
OFFICE BUILDING
Est. value
$18.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
6.09 ac
Current owner
From public records · entity-resolved
Sreit 1886 Prairie Way LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1225 17TH ST STE #3200, DENVER, CO 80202-5536
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Sreit 1886 Prairie Way LLC
—
Deed
related
—
Apr 27, 2021
$18,344,600
Sreit 1886 Prairie Way LLC
Colorado Technology Center Portfoli
Special Warranty Deed
—
Jul 10, 2015
—
Colorado Technology Center Portfoli
Ctc Building Group LLC
Bargain And Sale Deed
$59,050,000 · Morgan Stanley Bank NA
Dec 24, 2007
$6,300,000
1886 Prairie Way LLC
Nautilus INC
Grant Deed
$5,680,000 · California Bank & Trust
Nov 29, 2007
—
Nautilus INC
—
Deed Of Trust
related
$125,000,000 · Bank Of America
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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