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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Grocery and convenience stores
237 120th Ave Thornton, CO 80233-5704
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1173697
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2019
Total area
5,280 SF
Lot
1.53 ac (66,821 SF)
APN
R0198828
UPID
US13-1173697
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
$1.08M
Blend (final)
Blend
$920k
Owner & transaction history
Tmky Of Nadg Spirit Lone Star LP · 8 yrs held
Tmky Of Nadg Spirit Lone Star LP
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$965,000
+518.5%
Auto repair, garage
$745,000
+376.6%
Restaurant
$720,000
+360.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$965,000
Change: +519% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +377% · Conversion: Difficult
RESTAURANT
$720,000
Change: +360% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$585,000
Change: +274% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$174 / 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
$93,208
Tax year 2023
Assessed value
$846,040
Assessed 2023
Previous assessed
$889,550
-4.9% YoY
Effective rate
11.02%
On assessed value
Assessed land
$335,470
Assessed improvement
$510,570
Land market value
$1,202,400
Improvement market value
$1,830,000
Total market value
$3,032,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2019
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
5,280 SF
Lot
1.53 ac (66,821 SF)
APN
R0198828
UPID
US13-1173697
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RESTAURANT
Est. value
$720,000
INDUSTRIAL (GENERAL)
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
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
2019
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Tmky Of Nadg Spirit Lone Star LP
Entity
Mailing address
1401 BROAD ST, CLIFTON, NJ 07013-4236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2020
—
Thornton Watsonville LLC
—
Deed
related
$1,720,000 · Provident Bk
Mar 20, 2019
—
Thornton Watsonville LLC
—
Deed
related
$1,700,000 · Provident Bank
Oct 6, 2017
$1,800,000
Tmky Of Nadg Spirit Lone Star LP
Spirit Master Funding Vi LLC
Grant Deed
$13,125,000 · Spirit Realty LP
Dec 22, 2014
—
Spirit Master Funding Vi LLC
Spirit Master Funding IV LLC
Quit Claim Deed
related
—
Jan 14, 2014
$1,068,900
Spirit Master Funding IV LLC
Star Steakhouse Lone
Grant Deed
—
—
—
Lone Star Steakhouse & Saloon
—
Deed Of Trust
related
$29,730,000 · Bank Of The Ozarks
—
—
Thornton Watsonville LLC
—
Deed Of Trust
related
$1,720,000 · Provident Bk
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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