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Property profile & analytics
OFF-MARKET
Estimated value
$7,585,000
Grocery and convenience stores
20831 Smoky Hl Rd Centennial, CO 80015-3107
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1204840
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,859 SF
Lot
2.48 ac (108,029 SF)
Zoning code
AMU
APN
2073-23-2-29-001
UPID
US13-1204840
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.59M
Owner & transaction history
Cole SR Centennial Co LLC · 13 yrs held
Cole SR Centennial Co LLC
since 2012
2 recorded transactions
Zoning & alternative use
AMU · Centennial, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Restaurant
$10.6M
+27.2%
Auto repair, garage
$10.4M
+24.5%
Neighborhood: shopping center
$8.4M
+0.9%
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 Centennial submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centennial 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,315,000
Current use
RESTAURANT
$10,575,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,355,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,395,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,370,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,040,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$7,850,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.59M
Range $6.83M – $8.34M · ±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
$293 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$218,280
Tax year 2021
Assessed value
$2,317,095
Assessed 2023
Previous assessed
$2,290,711
+1.2% YoY
Effective rate
9.42%
On assessed value
Land market value
$4,044,675
Improvement market value
$4,290,325
Total market value
$8,335,000
Applied tax rate
778.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
8
Total area
25,859 SF
Lot
2.48 ac (108,029 SF)
Zoning code
AMU
APN
2073-23-2-29-001
UPID
US13-1204840
Jurisdiction
ARAPAHOE
Zoning & alternative use
AMU · Centennial, COZoning AMU · permitted uses
AMU · Centennial, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.3M
RESTAURANT
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.9M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
8
Lot
2.48 ac
Current owner
From public records · entity-resolved
Cole SR Centennial Co LLC
Entity
Free & Clear · 13 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2012
$9,000,000
Cole SR Centennial Co LLC
Avb Picadilly LLC
Grant Deed
—
Feb 25, 2009
—
Covenant Community Ch Of Aurora
Regional Transportation Distri
Grant Deed
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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