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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Office buildings
190 Arapahoe Ave Boulder, CO 80302-5819
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2772184
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
WOOD
Total area
492 SF
Lot
0.11 ac (4,792 SF)
Zoning code
2120
APN
1461-36-2-00-014
UPID
US13-2772184
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
-
Farmers Insurance - John McGarity Insurance Agency
-
Naber Insurance Agency Insurance Agency
-
Farmers Insurance - Daniel Skarda Insurance Agency
-
Skarda Insurance Agency Insurance Agency
-
Dan Skarda-Farmers Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Scott M Simkus · 2 yrs held
Scott M Simkus
since 2023
Last sale
$980,000
6 recorded transactions
Zoning & alternative use
2120 · Boulder, 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 Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder 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
$1,065,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $980k (Nov 22 2023)
Last sale anchor
$980k
Nov 22 2023
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
$2,033 / 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
$23,565
Tax year 2023
Assessed value
$323,780
Assessed 2023
Previous assessed
$192,444
+68.2% YoY
Effective rate
7.28%
On assessed value
Assessed land
$284,580
Assessed improvement
$39,200
Land market value
$1,020,000
Improvement market value
$140,501
Total market value
$1,160,501
Applied tax rate
250.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
492 SF
Lot
0.11 ac (4,792 SF)
Zoning code
2120
APN
1461-36-2-00-014
UPID
US13-2772184
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Boulder, CO
Zoning 2120 · permitted uses
2120 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boulder. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Scott M Simkus
Individual
Mailing address
190 ARAPAHOE AVE, BOULDER, CO 80302-5819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Scott M Simkus
—
Deed
related
$1,556,250 · Homexpress Mortgage Corp
Nov 21, 2024
—
Scott M Simkus
—
Deed
related
$1,280,000 · Homexpress Mortgage Corp
Nov 22, 2023
—
Scott M Simkus
Simkus Development LLC
Quit Claim Deed
related
$1,087,500 · Homexpress Mortgage Corp
Aug 11, 2022
$980,000
Simkus Development LLC
Daniel V Skarda
Warranty Deed
$906,451 · Donna Marie Cangelosi Family Trust
Aug 11, 2022
—
Gregory C Naber
Richard M Lirtzman
Quit Claim Deed
related
$906,451 · Donna Marie Cangelosi Family Trust
Jan 4, 2007
$550,000
Gregory C Naber
Lirtzman,richard M
Grant Deed
—
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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