Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2320 Wedgewood Ave Longmont, CO 80503-1701

    • Specialty properties
    • 18,028 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0812063
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • John’s Galore Shop / Gift Shop
    • Casa Libertad Apartments - accessible, rent-subsidized apartments / Low Income Housing Program / Apartment Building

    Property Details for 2320 Wedgewood Ave

    Year built
    2006
    Construction
    FRAME
    Lot size
    1.15 lot acres
    Property size
    18,028 SF
    Property type
    Specialty properties
    APN
    1205-29-4-46-001
    APU
    120529446001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $418,000
      Market price range: $419k - $1.49M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Longmont
    County
    Boulder
    State
    Colorado
    Longitude
    -105.131
    Latitude
    40.1919
    CBSA code
    14500
    CBSA name
    BOULDER, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $16,234
    $118,047
    $134,281
    -
    $242,300
    $1,761,900
    $2,004,200

    Comparable in this City

    • Value Estimation
      $580,000
      16,800 SF

      1380 Charles Dr

      CHARITABLE ORGANIZATION • 16,800 SF
      1380 Charles Dr, Longmont, CO 80503-2354
      View Details
    • Value Estimation
      $495,000
      101,918 SF

      1401 Elmhurst Dr

      CHARITABLE ORGANIZATION • 101,918 SF
      1401 Elmhurst Dr, Longmont, CO 80503-2399
      View Details
    • Value Estimation
      $245,000
      1,716 SF

      10386 65th St

      CHARITABLE ORGANIZATION • 1,716 SF
      10386 65th St, Longmont, CO 80503-9074
      View Details
    • Value Estimation
      $350,000
      5,261 SF

      5761 Ute Hwy

      CHARITABLE ORGANIZATION • 5,261 SF
      5761 Ute Hwy, Longmont, CO 80503-9111
      View Details
    • Value Estimation by Request
      4,264 SF

      7415 Lookout Rd

      Schools • 4,264 SF
      7415 Lookout Rd, Longmont, CO 80503
      View Details
    • Value Estimation
      $295,000
      7,373 SF

      1425 Belmont Dr

      CHARITABLE ORGANIZATION • 7,373 SF
      1425 Belmont Dr, Longmont, CO 80503-2358
      View Details

    Similar Nearby for Sale

    • $1,350,000
      4,264 SF

      7415 Lookout Rd

      Schools • 4,264 SF
      7415 Lookout Rd, Longmont, CO 80503
      View Details
    • $935,000

      Longmont Specialty Property for Sale

      Specialty property available in Longmont, Colorado.
      4549 Maxwell Ave, Longmont, CO 80503
      View Details
    • $225,000

      Aircraft T Hangar For Sale

      Extended aircraft T hangar with parking and gas plumbing.
      229 Airport Rd, Longmont, CO 80503
      View Details
    • $1,095,000

      Gunbarrel Redevelopment Opportunity on Acre

      One-acre parcel suitable for redevelopment or creative reuse.
      7415 Lookout Rd, Longmont, CO 80503
      View Details
    • $550,000
      1.67 Acres

      Longmont Commercial Land - $550K

      1.67-acre lot, prime Longmont location.
      150 75Th St, Longmont, CO 80503
      View Details
    • $385,000
      1,152 SF

      Charming Condo in Vibrant Niwot

      Two-bedroom condo near Niwot Market, cafes, and community events.
      8060 Niwot Rd, Niwot, CO 80503
      View Details

    Similar Nearby for Lease

    • $3,125 /Mo
      1,890 SF

      Niwot Office Space with Gym

      New office suites with mountain views, gym, and climbing wall.
      6333 Dry Creek Pkwy, Niwot, CO 80503
      View Details
    • Contact for pricing

      Commercial Land Ready For Lease

      Commercial land available for lease with high-density residential proximity.
      S Airport Rd, Longmont, CO 80503
      View Details
    • $20 SF/Yr
      16,832 SF

      Office Space with Mountain Views

      North Boulder office space featuring mountain and Flatirons views.
      7845 Lookout Rd, Longmont, CO 80503
      View Details
    • $14 SF/Yr
      63,086 SF

      Niwot Warehouse Space Available

      63,086 square foot warehouse space for lease.
      7420 Dry Creek Pkwy, Niwot, CO 80503
      View Details
    • $16 SF/Yr
      800 SF

      Retail Space in Cottonwood Square

      Retail space for lease in Niwot's Cottonwood Square Shopping Center.
      7960 Niwot Rd, Niwot, CO 80503
      View Details
    • $16 SF/Yr
      102,802 SF

      Niwot Office Condo with Views

      Bright office condo in Niwot with mountain views and fireplaces.
      7102 La Vista Pl, Longmont, CO 80503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2320 Wedgewood Ave
    Longmont, CO 80503-1701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.