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Property profile & analytics
OFF-MARKET
Estimated value
$151,240,000
Apartment buildings
220 Smt Blvd 331 Broomfield, CO 80021-8271
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0362973
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Construction
WOOD
Total area
643,992 SF
Lot
13.11 ac (570,984 SF)
Zoning code
PUD
APN
157532217001
UPID
US13-0362973
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
$127.37M
Comparable Approach
Comparable
$172.86M
Blend (final)
Blend
$151.24M
Owner & transaction history
Tmp Flatirons Project LLC · 5 yrs held
Tmp Flatirons Project LLC
since 2020
Last sale
$154.1M
6 recorded transactions
Zoning & alternative use
PUD · Broomfield, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Chapter 17-28 - PUD Planned Unit Development District 17-28-010 - Intent. It is intended that the PUD district be applied primarily on undeveloped land and that it be utilized to permit various land uses to develop in a compatible manner, to encourage innovations in design, and to meet the intent of the PUD as set forth in section 17-38-010 . It is further i…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
12,044.63 ac
Source
municipal code
Top alternative use upside
Restaurant
$241.2M
+50.3%
Retail stores
$233.6M
+45.6%
Office building
$179.0M
+11.6%
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 Broomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broomfield 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
$172,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$137,985,000
6.5%
$127,370,000
7%
$118,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$160,430,000
Current use
RESTAURANT
$241,190,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$233,625,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$179,000,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$177,875,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$145,840,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$151.24M
Range $136.12M – $166.36M · ±10% · vs last sale $154.06M (Nov 30 2020)
Last sale anchor
$154.06M
Nov 30 2020
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
$235 / 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
$1,372,409
Tax year 2023
Assessed value
$11,837,730
Assessed 2024
Previous assessed
$10,030,000
+18.0% YoY
Effective rate
11.59%
On assessed value
Assessed land
$1,014,660
Assessed improvement
$10,823,070
Land market value
$14,998,710
Improvement market value
$159,986,290
Total market value
$174,985,000
Applied tax rate
57.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
4
Bathrooms
706
Total area
643,992 SF
Lot
13.11 ac (570,984 SF)
Zoning code
PUD
APN
157532217001
UPID
US13-0362973
Jurisdiction
BROOMFIELD
Zoning & alternative use
PUD · Broomfield, COZoning PUD · permitted uses
PUD · Broomfield, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Chapter 17-28 - PUD Planned Unit Development District 17-28-010 - Intent. It is intended that the PUD district be applied primarily on undeveloped land and that it be utilized to permit various land uses to develop in a compatible manner, to encourage innovations in design, and to meet the intent of the PUD as set forth in section 17-38-010 . It is further intended that detail plans will be developed in conformance with
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
12,044.63 ac
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$160.4M
RESTAURANT
Est. value
$241.2M
RETAIL STORES
Est. value
$233.6M
OFFICE BUILDING
Est. value
$179.0M
COMMERCIAL (GENERAL)
Est. value
$177.9M
INDUSTRIAL (GENERAL)
Est. value
$145.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2004
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
4
Bathrooms
706
Lot
13.11 ac
Current owner
From public records · entity-resolved
Tmp Flatirons Project LLC
Entity
Mailing address
1700 N LINCOLN ST STE #3450, DENVER, CO 80203-4545
Ownership since
2020
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
Nov 30, 2020
$154,060,000
Tmp Flatirons Project LLC
Realty Vii-bell Mf Denver I Ch
Grant Deed
$103,047,000 · Jll R/e Cap LLC
Aug 10, 2016
$116,300,100
Ch Realty Vii-bell Mf Denver I
Ppf Amli 210 Summit Boulevard
Grant Deed
related
$80,500,000 · Walker & Dunlop
May 31, 2011
$78,750,100
Ppf Amli 210 Summit Boulevard
Gs Summit LP
Grant Deed
—
Feb 1, 2008
$76,300,000
Gs Summit
Greystar Summit Multifamily Ll
Grant Deed
$54,500,000 · Massachusetts Mutual Life Ins
Jan 6, 2005
—
Greystar Summit Multifamily Ll
—
Deed Of Trust
related
$48,000,000 · Bank Of America
—
—
Ch Realty Vii-bell Mf Denver I
—
Deed Of Trust
related
$83,400,000 · Walker & Dunlop
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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