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Property profile & analytics
OFF-MARKET
Estimated value
$15,920,000
Warehouses
2240 Xapary Way Aurora, CO 80014-4358
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2838722
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
STEEL FRAME
Total area
117,436 SF
Lot
2.25 ac (98,010 SF)
APN
1973-25-1-15-008
UPID
US13-2838722
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
by Request
Comparable Approach
Comparable
$13.56M
Blend (final)
Blend
$15.92M
Owner & transaction history
Ess Lpf Arapahoe Co LLC · 1 yrs held
Ess Lpf Arapahoe Co LLC
since 2024
Last sale
$17.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
WAREHOUSE, STORAGE
$18,865,000
Current use
Blend value · Realmo final
$15.92M
Range $14.33M – $17.51M · ±10% · vs last sale $17.10M (Aug 16 2024)
Last sale anchor
$17.10M
Aug 16 2024
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
$136 / 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
$185,322
Tax year 2021
Assessed value
$3,543,858
Assessed 2023
Previous assessed
$2,615,800
+35.5% YoY
Effective rate
5.23%
On assessed value
Land market value
$1,473,390
Improvement market value
$11,258,610
Total market value
$12,732,000
Applied tax rate
254.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Stories
4
Bathrooms
7
Total area
117,436 SF
Lot
2.25 ac (98,010 SF)
APN
1973-25-1-15-008
UPID
US13-2838722
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
WAREHOUSE, STORAGE Current
Est. value
$18.9M
WAREHOUSE, STORAGE Current
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
2016
Construction
STEEL FRAME
Heating
NONE
Stories
4
Bathrooms
7
Lot
2.25 ac
Current owner
From public records · entity-resolved
Ess Lpf Arapahoe Co LLC
Entity
Mailing address
6890 S 2300TH DR E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Ess Lpf Arapahoe Co LLC
Bristol Ess Aurora LLC
Special Warranty Deed
—
Jan 21, 2022
—
Bristol Ess Aurora LLC
—
Deed
related
$58,000,000 · Wells Fargo Bank NA
Jul 27, 2016
—
Bristol Ess Aurora LLC
—
Deed
related
$7,350,000 · Compass Bk
Mar 28, 2016
$11,300,000
Extra Space Of Aurora LLC
I-225 & Xapary Way Self Storag
Grant Deed
—
Feb 2, 2015
—
I-225 & Xapary Way Self Storag
Omni Dev Corp
Grant Deed
related
$7,344,503 · Cobiz Bk
Nov 25, 2014
$725,000
Omni Dev Corp
Mutual Of Omaha Bk
Grant Deed
—
Jun 13, 2012
—
Mutual Of Omaha Bk
Public Trustee Of Arapahoe Cnty
Trustees Deed
related
—
Jun 1, 2012
$637,500
R & S Dev LLC
Public Trustee Of Arapahoe Cnty
Certificate Of Purchase
$1,000,000
Feb 6, 2007
$32,940
Country Club Lofts LLC
Treasurer Of Arapahoe County
Grant Deed
related
—
Feb 2, 2007
$637,500
R & S Dev LLC
H & M Mortgage & Investments LLC
Warranty Deed
$1,000,000 · Peak National Bank
Nov 14, 2006
—
Associated Developers Ltd
Public Trustee Of Arapahoe County
Trustees Deed
related
—
Jun 22, 2006
$859,964
Associated Developers Ltd
Public Trustee Of Arapahoe County
Trustees Deed
—
Feb 8, 2006
—
Timothy C Youngpeter
—
Trustees Deed
related
$85,000 · Stephen Liberman
Dec 2, 2005
—
Timothy C Youngpeter
—
Trustees Deed
related
$35,000 · Stephon Liberman
—
—
Bristol Ess Aurora LLC
—
Deed Of Trust
related
$7,350,000 · Compass Bk
—
—
Omni Dev Corp
—
Deed Of Trust
related
$1,380,000 · New Fin
—
—
Country Club Lofts LLC
—
Deed Of Trust
related
$10,000 · Associated Developers Ltd
—
—
R & S Dev LLC
—
Deed Of Trust
related
$978,778 · Mutual Of Omaha Bank
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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