Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,135,000
Office buildings
2121 Blackhawk St Aurora, CO 80014-1487
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1066742
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
22,224 SF
Lot
0.34 ac (14,810 SF)
APN
1975-30-2-28-003
UPID
US13-1066742
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
$5.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.14M
Owner & transaction history
The Phoenix Limited Partnership · 4 yrs held
The Phoenix Limited Partnership
since 2022
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.2M
+98.4%
Commercial (general)
$7.2M
+97.8%
Retail stores
$7.1M
+96.6%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$4,850,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,790,000
6.5%
$5,345,000
7%
$4,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,635,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,215,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,195,000
Change: +98% · Conversion: Easy
RETAIL STORES
$7,145,000
Change: +97% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,910,000
Change: +90% · Conversion: Easy
MEDICAL BUILDING
$6,750,000
Change: +86% · Conversion: Easy
Blend value · Realmo final
$5.14M
Range $4.62M – $5.65M · ±10% · vs last sale $5.17M (Mar 1 2022)
Last sale anchor
$5.17M
Mar 1 2022
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
$231 / 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
$49,590
Tax year 2021
Assessed value
$586,737
Assessed 2023
Previous assessed
$430,940
+36.2% YoY
Effective rate
8.45%
On assessed value
Land market value
$147,630
Improvement market value
$1,985,370
Total market value
$2,133,000
Applied tax rate
1,155.0000
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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
4
Total area
22,224 SF
Lot
0.34 ac (14,810 SF)
APN
1975-30-2-28-003
UPID
US13-1066742
Jurisdiction
ARAPAHOE
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
OFFICE BUILDING Current
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$6.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
The Phoenix Limited Partnership
Entity
Mailing address
PO BOX 5086, SHERIDAN, WY 82801-1386
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$5,170,000
The Phoenix Limited Partnership
Sec Investments Aurora LLC
Special Warranty Deed
$3,360,500 · Central Bank & Trust Co
Mar 12, 2018
$3,100,000
Sec Investments Aurora LLC
Southeast Commons Assocs Lllp
Grant Deed
$1,600,000 · Colorado Structures INC
Nov 13, 2017
—
Southeast Commons Assocs Lllp
—
Deed
related
$1,460,000 · Conlisk Brian Living Tr (pt)
May 1, 2017
—
Southeast Commons Assocs Lllp
—
Deed
related
$1,300,000 · Conlisk Brian Living Tr (pt)
May 9, 2016
—
Southeast Commons Assocs LP
—
Deed
related
$1,180,358 · Firstbank
—
—
Southeast Commons Assocs LP
—
Deed Of Trust
related
$1,523,339 · Firstbank Of Arvada
—
—
Southeast Commons Assocs LP
—
Loan Modification
related
$1,180,358 · Firstbank
—
—
Southeast Commons Assocs Lllp
—
Deed Of Trust
related
$1,300,000 · Conlisk Brian Living Tr (pt)
—
—
Southeast Commons Assocs Lllp
—
Loan Modification
related
$1,460,000 · Conlisk Brian Living Tr (pt)
—
—
Southeast Commons Assocs LP
—
Deed Of Trust
related
$1,523,339 · Firstbank Of Arvada
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2121 Blackhawk St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
