Individually Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a 20,542 square foot, single-tenant retail building situated on a 1.81-acre lot in Longmont, Colorado. Currently 100% occupied by a tenant under a triple net (NNN) lease, the property boasts a strong 6.94% cap rate and a substantial net operating income (NOI) of $284,592. The lease commenced September 30, 2023, and runs for seven years, expiring September 29, 2030, with two five-year renewal options. The monthly base rent is $23,716, plus triple net expenses. Located at 2315 Main Street, this property benefits from its prime location within a mixed-use corridor, offering convenient access to major transportation routes and a wealth of amenities, including restaurants, banks, gas stations, and grocery stores. The property's address is 2315 Main Street, Longmont, CO 80501, and its APN is 1205272-32-001. This is a rare opportunity to acquire a well-maintained, high-performing retail asset with significant long-term potential. The asking price is $4,100,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
WOOD
Total area
20,542 SF
Lot
1.81 ac (78,974 SF)
Zoning code
2134
APN
1205-27-2-32-001
UPID
US13-0115115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair Salon Nail Salon
-
High School
-
College Barber School
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.70M
CAP Approach
CAP
$4.48M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$3.70M
Owner & transaction history
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
2134 · Longmont, CO
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.70M
Value range
$3.33M – $4.07M
±10% around blend
Estimated value / SF
$180 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$3.33M
blend $3.70M
$4.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
20,542 SF
Lot area
1.81 ac
Year built
1995
Stories
2
APN
1205-27-2-32-001
Zoning
2134
Assessed value
$976,500
Annual tax
$91,344
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.48M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.86M
@ 6.5% CAP return
$4.48M
@ 7% CAP return
$4.16M
4
Sales comparison
Partial preview
Sales approach indication
$809k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.7 mi away · 19,584 SF
24.8 mi away · 15,360 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.70M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$314
-43%
Submarket 45 sales
$292
-38%
County 120 sales
$450
-60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $180/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
7.90%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.90%
9.0%
NOI (est.)
$259k *
Last sale · Dec 2024
$3.70M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.28M
Move the market yield to see immediate price impact.
Value / SF
$160
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.40%7.90%8.40%
$233k
$3.15M
$2.95M
$2.78M
$259k
$3.50M
$3.28M
$3.08M
$285k
$3.85M
$3.61M
$3.39M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$3.00M
20.0 mi · Nov 2025 · $187/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$91,344
Tax year 2023
Assessed value
$976,500
Assessed 2023
Previous assessed
$812,000
+20.3% YoY
Effective rate
9.35%
On assessed value
Assessed land
$144,522
Assessed improvement
$831,978
Land market value
$518,000
Improvement market value
$2,982,000
Total market value
$3,500,000
Applied tax rate
680.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
20,542 SF
Lot
1.81 ac (78,974 SF)
Zoning code
2134
APN
1205-27-2-32-001
UPID
US13-0115115
Jurisdiction
BOULDER
Zoning & alternative use
2134 · Longmont, COZoning 2134 · permitted uses
2134 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.81 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
2134
Jurisdiction
Longmont, CO
Recorded code
2134
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 2134 in Longmont, CO.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
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See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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