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Property profile & analytics
OFF-MARKET
Estimated value
$11,355,000
Warehouses
1960 Cherry St Louisville, CO 80027-3005
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1378750
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
TILT-UP CONCRETE
Total area
38,322 SF
Lot
4.03 ac (175,373 SF)
APN
1575-16-0-31-005
UPID
US13-1378750
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
$9.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.30M
Blend (final)
Blend
$11.36M
Owner & transaction history
Sreit 1960 Cherry Street LLC · 5 yrs held
Sreit 1960 Cherry Street LLC
since 2021
Last sale
$12.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.3M
+160.6%
Restaurant
$14.4M
+129.0%
Retail stores
$13.9M
+121.8%
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
$12,145,000
ML approach
$9,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$16,330,000
Change: +161% · Conversion: Easy
RESTAURANT
$14,350,000
Change: +129% · Conversion: Difficult
RETAIL STORES
$13,900,000
Change: +122% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,820,000
Change: +105% · Conversion: Difficult
OFFICE BUILDING
$10,650,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,545,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,965,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$11.36M
Range $10.22M – $12.49M · ±10% · vs last sale $12.59M (Apr 27 2021)
Last sale anchor
$12.59M
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
$296 / 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
$282,961
Tax year 2023
Assessed value
$3,182,050
Assessed 2023
Previous assessed
$1,936,300
+64.3% YoY
Effective rate
8.89%
On assessed value
Assessed land
$567,681
Assessed improvement
$2,614,369
Land market value
$2,034,700
Improvement market value
$9,370,500
Total market value
$11,405,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
38,322 SF
Lot
4.03 ac (175,373 SF)
APN
1575-16-0-31-005
UPID
US13-1378750
Jurisdiction
BOULDER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$16.3M
RESTAURANT
Est. value
$14.4M
RETAIL STORES
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$12.8M
OFFICE BUILDING
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
INDUSTRIAL (GENERAL)
Est. value
$8.0M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2015
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
4.03 ac
Current owner
From public records · entity-resolved
Sreit 1960 Cherry Street LLC
Entity
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 1960 Cherry Street LLC
—
Deed
related
—
Apr 27, 2021
$12,591,100
Sreit 1960 Cherry Street LLC
Ctc II Portfolio LLC
Special Warranty Deed
—
Nov 30, 2018
—
Ctc II Portfolio LLC
—
Deed
related
—
Feb 28, 2018
—
Ctc II Portfolio LLC
—
Grant Deed
related
$75,000,000 · Miscellaneous Ins Co
—
—
Ctc II Portfolio LLC
—
Loan Modification
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.
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