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Property profile & analytics
FOR LEASE
Industrial properties
2400 Trade Centre Ave Longmont, CO 80503
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0378122
For Lease
1 / 3
$2,325,000
2400 Trade Centre Ave, Longmont, CO 80503
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
CONCRETE BLOCKS
Total area
11,594 SF
Lot
5.33 ac (232,001 SF)
Zoning code
3115
APN
1315-08-0-06-001
UPID
US13-0378122
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
-
Droplet Measurement Technologies Industrial Manufacturer Production Facility
-
Micro Phage Inc Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$2.33M
Owner & transaction history
Legacy West Apartments LP · 6 yrs held
Legacy West Apartments LP
since 2020
7 recorded transactions
Zoning & alternative use
3115 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Code
Top alternative use upside
Office building
$3.4M
+55.6%
Commercial (general)
$3.2M
+49.0%
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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%
$2,340,000
6.5%
$2,160,000
7%
$2,010,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,175,000
Current use
OFFICE BUILDING
$3,385,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,240,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,925,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±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
$201 / 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
$261,397
Tax year 2023
Assessed value
$2,770,470
Assessed 2023
Previous assessed
$1,848,315
+49.9% YoY
Effective rate
9.44%
On assessed value
Assessed land
$385,020
Assessed improvement
$2,385,450
Land market value
$1,380,000
Improvement market value
$8,550,000
Total market value
$9,930,000
Applied tax rate
680.0000
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
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
11,594 SF
Lot
5.33 ac (232,001 SF)
Zoning code
3115
APN
1315-08-0-06-001
UPID
US13-0378122
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Longmont, COZoning 3115 · permitted uses
3115 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
5.33 ac
Current owner
From public records · entity-resolved
Legacy West Apartments LP
Entity
Mailing address
3657 MAIN ST, MANCHESTER, VT 05254-4135
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
—
Legacy West Apartments LP
Macy M Marie
Grant Deed
related
—
Oct 29, 2019
$17,800,000
Trade Centre Ave Portfolio LLC
Gcc Longmont Holdings LP
Trustees Deed
$11,570,000 · Goldman Sachs Bk USA
Sep 5, 2019
—
Gcc Longmont Holdings LP
—
Grant Deed
related
$56,500,000 · Vmc Lender LLC
May 25, 2017
$69,600,000
Gcc Longmont Holdings LP
Longmont Diagonal Invs LLC
Trustees Deed
related
$65,000,000 · Acrc Lender
Nov 26, 2014
—
Longmont Diagonal Invs LLC
—
Loan Modification
related
$154,150,000 · General Elec Cap
Oct 16, 2012
—
Longmont Diagonal Invs LP
—
Deed Of Trust
related
$61,000,000 · General Electric Capital Corp
Oct 12, 2012
$58,300,000
Longmont Diagonal Invs LP
Circle Capital Longmont LLC
Grant Deed
—
Oct 12, 2012
—
Longmont Diagonal Invs LP
Circle Capital Longmont LLC
Quit Claim Deed
related
$61,000,000 · General Elec Cap
Apr 21, 2005
$142,000,000
Circle Capital Longmont LLC
Pratt Land B LLC
Grant Deed
related
$99,400,000 · Morgan Stanley Mtg Capital INC
Sep 29, 2004
—
Pratt Land B LLC
Pratt Land A2 LLC
Quit Claim Deed
related
$116,990,000 · Morgan Stanley Mtg Capital INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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