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Property profile & analytics
OFF-MARKET
Estimated value
$4,105,000
Warehouses
2290 120th Ave Thornton, CO 80233-1404
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0842404
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Total area
28,960 SF
Lot
1.73 ac (75,359 SF)
APN
R0027089
UPID
US13-0842404
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
$3.94M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$4.11M
Owner & transaction history
Cottonwood Sefl Storage LLC · 6 yrs held
Cottonwood Sefl Storage LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.6M
+38.5%
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 Thornton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thornton 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%
$4,265,000
6.5%
$3,940,000
7%
$3,655,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,735,000
Current use
INDUSTRIAL (GENERAL)
$6,560,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$4.11M
Range $3.69M – $4.52M · ±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
$142 / 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
$111,577
Tax year 2023
Assessed value
$1,531,160
Assessed 2023
Previous assessed
$1,060,130
+44.4% YoY
Effective rate
7.29%
On assessed value
Assessed land
$118,270
Assessed improvement
$1,412,890
Land market value
$423,894
Improvement market value
$3,206,106
Total market value
$3,630,000
Applied tax rate
180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1986
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
28,960 SF
Lot
1.73 ac (75,359 SF)
APN
R0027089
UPID
US13-0842404
Jurisdiction
ADAMS
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
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
WAREHOUSE, STORAGE Current
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
1986
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Cottonwood Sefl Storage LLC
Entity
Mailing address
PO BOX 247, EASTLAKE, CO 80614-0247
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2020
—
Cottonwood Sefl Storage LLC
—
Deed
related
$16,352,988 · Wells Fargo Bank NA
Sep 24, 2019
—
Cottonwood Self-storage LLC
—
Loan Modification
related
$4,771,833 · Bok Fin'l
Jun 11, 2009
—
Cottonwood Self-storage LLC
—
Deed Of Trust
related
$13,211,499 · Colorado Business Bank NA
—
—
Cottonwood Self-storage LLC
—
Deed Of Trust
related
—
—
—
Cottonwood Self-storage LLC
—
Loan Modification
related
$14,711,499 · Colorado Busn Bk
—
—
Cottonwood Self-storage LLC
—
Loan Modification
related
—
—
—
Cottonwood Self-storage
—
Deed Of Trust
related
$6,099,130 · Colorado Business Bank NA
—
—
Cottonwood Self-storage Gp
—
Deed Of Trust
related
$5,000,000 · Colorado Business Bank NA
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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