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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Medical Office Space
198 Un Blvd, Lakewood, CO 80228-1822
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-2741010
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
STEEL FRAME
Total area
8,501 SF
Lot
1.69 ac (73,660 SF)
APN
49-084-01-001
UPID
US13-2741010
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
$1.74M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.71M
Owner & transaction history
Hr Assets LLC · 7 yrs held
Hr Assets LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+6.9%
Commercial (general)
$2.8M
+6.6%
Retail stores
$2.7M
+5.9%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,875,000
6.5%
$1,735,000
7%
$1,610,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,760,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,750,000
Change: +7% · Conversion: Easy
RETAIL STORES
$2,735,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,645,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$2,175,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10%
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
$201 / 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
$76,499
Tax year 2023
Assessed value
$848,244
Assessed 2023
Previous assessed
$848,244
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$482,952
Assessed improvement
$365,292
Land market value
$1,731,010
Improvement market value
$1,339,290
Total market value
$3,070,300
Applied tax rate
7,036.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Total area
8,501 SF
Lot
1.69 ac (73,660 SF)
APN
49-084-01-001
UPID
US13-2741010
Jurisdiction
JEFFERSON
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
MEDICAL BUILDING Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1983
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Hr Assets LLC
Entity
Mailing address
SOUTHLAKE, TX 76092
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2018
$4,150,000
Hr Assets LLC
198 Union LLC
Grant Deed
—
Aug 20, 2014
$3,300,000
198 Union LLC
Mccain LLC
Warranty Deed
$2,640,000 · Guaranty Bank & Trust Co
Jul 29, 2011
$2,720,000
Mccain LLC
Cinsique LLC
Warranty Deed
$1,830,000 · First Western Trust Bank
Mar 30, 2006
$2,174,291
Cinsique LLC
Picture Butte Dev LLC
Grant Deed
$1,631,000 · Citywide Banks
—
—
198 Union LLC
—
Loan Modification
related
$3,096,000 · Guaranty Bk
—
—
Mccain LLC
—
Deed Of Trust
related
$713,000 · First Western Trust Bank
—
—
Mccain LLC
—
Deed Of Trust
related
$1,810,000 · Bank Of The West
—
—
Cinsique LLC
—
Deed Of Trust
related
$100,000 · Citywide Banks
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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