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Property profile & analytics
OFF-MARKET
Office buildings
2229 Broadway Boulder, CO 80302-4824
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US13-0396063
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1881
Construction
WOOD
Total area
1,540 SF
Lot
0.17 ac (7,362 SF)
Zoning code
2120
APN
1463-30-3-04-003
UPID
US13-0396063
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
-
Minot Capital Financial Advisor
-
Nalandabodhi Boulder Church Mosque
-
Nalandabodhi Colorado Temple Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Minot Re LLC · 14 yrs held
Minot Re LLC
since 2012
6 recorded transactions
Zoning & alternative use
2120 · Boulder, CO
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 Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$40,502
Tax year 2023
Assessed value
$477,369
Assessed 2023
Previous assessed
$494,450
-3.5% YoY
Effective rate
8.48%
On assessed value
Assessed land
$318,060
Assessed improvement
$159,309
Land market value
$1,140,000
Improvement market value
$571,000
Total market value
$1,711,000
Applied tax rate
10.0000
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
1881
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Rooms
20
Bathrooms
4
Total area
1,540 SF
Lot
0.17 ac (7,362 SF)
Zoning code
2120
APN
1463-30-3-04-003
UPID
US13-0396063
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Boulder, COZoning 2120 · permitted uses
2120 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Building & site characteristics
From public records
Year built
1881
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Rooms
20
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Minot Re LLC
Entity
Mailing address
2229 BROADWAY, BOULDER, CO 80302-4824
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2018
—
Lawrence S Mertes
—
Deed
related
$100,000 · Anb Bk
May 14, 2012
$1,300,000
Minot Re LLC
2229 Broadway LLC
Grant Deed
—
Mar 25, 2011
—
2229 Broadway LLC
Hight Ents Ltd
Quit Claim Deed
related
—
Dec 20, 2010
$1,175,000
Hight Ents Ltd
Oliver-bowman LLC
Grant Deed
—
—
—
Oliver-bowman LLC
—
Deed Of Trust
related
$760,000 · Merrill Lynch Business Finl Sv
—
—
Lawrence S Mertes
—
Loan Modification
related
$100,000 · Anb Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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