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Property profile & analytics
OFF-MARKET
Industrial properties
2340 College Ave Englewood, CO 80110-1148
Trust Owned
1-yr Hold
Free & Clear
Property ID
US13-2443625
Property summary
AI-generated overview
This 1,659-square-foot industrial condominium, located at 2340 W College Ave in Englewood, Colorado (zip code 80110), presents a compelling investment opportunity. Situated in Arapahoe County's Baker Park neighborhood, this flex space boasts convenient access to the southwest metro area. The property, built in 1972, features a single building with I-1 (Englewood) zoning, ideal for a variety of industrial uses. The unit offers 1,109 square feet on the main level and an additional 550 square feet in the basement, providing ample space for operations. Recent improvements include new windows and asphalt (2023), a new oversized drive-in door (2021), and new concrete floors (2021). The asking price is $409,000, translating to $245.79 per square foot. The 2,232-square-foot lot includes three parking spaces. The building features a 10-foot ceiling height. This property offers a blend of functionality and modern updates, making it an attractive option for businesses seeking a well-maintained industrial space in a desirable location.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
1,664 SF
Lot
0.05 ac (2,178 SF)
APN
1971-28-3-34-003
UPID
US13-2443625
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
-
Mile High Metal Polishing Factory Production Facility
-
INKA Graphic Design Marketing & Advertising Advertising Agency
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
Tmlf Trust · 1 yrs held
Tmlf Trust
since 2025
Last sale
$370,000
5 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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood submarket · NOI estimate · typical band, median & reading
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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)
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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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,176
Tax year 2021
Assessed value
$79,838
Assessed 2023
Previous assessed
$45,026
+77.3% YoY
Effective rate
3.98%
On assessed value
Land market value
$37,944
Improvement market value
$278,216
Total market value
$316,160
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
8
Total area
1,664 SF
Lot
0.05 ac (2,178 SF)
APN
1971-28-3-34-003
UPID
US13-2443625
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
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
8
Lot
0.05 ac
Current owner
From public records · entity-resolved
Tmlf Trust
Trust
Free & Clear · 1 yrs held
Mailing address
5741 E PRINCETON AVE, ENGLEWOOD, CO 80111-1026
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2025
$370,000
Tmlf Trust
Romenz Empire LLC
Special Warranty Deed
—
Jun 25, 2021
$340,000
Romenz Empire LLC
Brian J Rehder
Special Warranty Deed
—
Nov 26, 2008
$143,350
Brian J Rehder
Rehder Property Condos LLC
Grant Deed
—
Apr 29, 2008
—
Yale Business Park Condos LLC
Rehder,bennett K & Donna J
Quit Claim Deed
related
—
—
—
Brian J Rehder
—
Deed Of Trust
related
$143,350 · Rehder Property Condos LLC
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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