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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Office buildings
2495 Spruce St Boulder, CO 80302-4616
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0513195
Property summary
AI-generated overview
This exceptional 2,500 square foot executive office space in Boulder, Colorado, is ideally located at the bustling intersection of Folsom and Spruce Streets, enjoying high visibility to over 20,000 vehicles daily. The building boasts an iconic barrel roof and modern architectural design, featuring full glass walls, high ceilings, and sleek contemporary finishes. Abundant natural light floods the interior, creating a spacious and open atmosphere. Elevator access ensures convenient movement throughout the building. The property includes ADA-compliant facilities, including a walk-in shower. Nine parking spaces are available (eight covered, one surface). This prime location, coupled with the building's sophisticated design and functional amenities, makes it perfect for a tech-driven enterprise seeking a dynamic and innovative work environment. The address is 2495 Spruce St, Boulder, CO 80302. A virtual tour is available online.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
BRICK
Total area
1,839 SF
Lot
0.15 ac (6,534 SF)
Zoning code
2120
APN
1463-30-6-13-010
UPID
US13-0513195
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
-
Colonial National Mortgage - Amanda Angha Loan Service Bank
-
Colonial National Mortgage - Gretchen Mueller Loan Service Bank
-
Marc Jalbert - Colonial National Mortgage Loan Service Bank
-
Colonial National Mortgage - Scott Bakke Loan Service Bank
-
Colonial National Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.72M
Owner & transaction history
Dreco Vanschmidt Properties LLC · 1 yrs held
Dreco Vanschmidt Properties LLC
since 2024
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
2120 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+35.0%
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 Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder 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
$1,720,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,380,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.72M (Dec 16 2024)
Last sale anchor
$1.72M
Dec 16 2024
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
$935 / 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
$28,190
Tax year 2023
Assessed value
$334,800
Assessed 2023
Previous assessed
$274,050
+22.2% YoY
Effective rate
8.42%
On assessed value
Assessed land
$251,881
Assessed improvement
$82,919
Land market value
$902,800
Improvement market value
$297,200
Total market value
$1,200,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
BRICK
Heating
FORCED AIR
Stories
2
Total area
1,839 SF
Lot
0.15 ac (6,534 SF)
Zoning code
2120
APN
1463-30-6-13-010
UPID
US13-0513195
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Boulder, CO
Zoning 2120 · permitted uses
2120 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boulder. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (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
1976
Construction
BRICK
Heating
FORCED AIR
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Dreco Vanschmidt Properties LLC
Entity
Mailing address
11455 UPTON RD, GRAND LEDGE, MI 48837-9187
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 16, 2024
$1,720,000
Dreco Vanschmidt Properties LLC
Ccpl Real Estate Group LLC
Special Warranty Deed
$1,607,800 · Us Bank NA
Aug 3, 2018
—
Ccpl Real Estate Group LLC
—
Trustees Deed
related
$1,037,250 · West Gate Bk
Nov 7, 2017
$105,000
Ccpl Real Estate Group LLC
Kyle Cox
Special Warranty Deed
$787,600 · West Gate Bank
Jun 30, 2016
—
Kyle Cox
Cox Kyle & Maureen Trust
Quit Claim Deed
related
—
Jul 27, 2005
—
Cox Kyle & Maureen Trust
Cox,jack M & Betty J
Quit Claim Deed
related
—
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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