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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Warehouses
2603 120th Ave Thornton, CO 80233-1426
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US13-1198735
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
33,275 SF
Lot
2.55 ac (111,034 SF)
APN
R0178319
UPID
US13-1198735
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
$4.53M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$3.30M
Owner & transaction history
Cottonwood Self-storage · 23 yrs held
Cottonwood Self-storage
since 2002
7 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 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%
$4,900,000
6.5%
$4,525,000
7%
$4,200,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,440,000
Current use
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±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
$99 / 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
$74,385
Tax year 2023
Assessed value
$1,040,170
Assessed 2023
Previous assessed
$778,600
+33.6% YoY
Effective rate
7.15%
On assessed value
Assessed land
$89,230
Assessed improvement
$950,940
Land market value
$319,824
Improvement market value
$2,100,176
Total market value
$2,420,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
NONE
Stories
1
Total area
33,275 SF
Lot
2.55 ac (111,034 SF)
APN
R0178319
UPID
US13-1198735
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
WAREHOUSE, STORAGE Current
Est. value
$5.4M
WAREHOUSE, STORAGE Current
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
2000
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.55 ac
Current owner
From public records · entity-resolved
Cottonwood Self-storage
Individual
Mailing address
PO BOX 247, EASTLAKE, CO 80614-0247
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
—
Cottonwood Self-storage LLC
—
Deed
related
$4,771,833 · Bok Fin'l
May 10, 2005
—
Cottonwood Self Storage LLC
—
Deed Of Trust
related
$9,615,270 · Colorado Business Bank NA
Oct 23, 2002
—
Cottonwood Self-storage
Confluence Cove Development Co
Quit Claim Deed
related
—
Jan 14, 2000
$767,100
Lowell 88 LLC
Confluence Cove Dev Co
Grant Deed
—
—
—
Cottonwood Self-storage LLC
—
Loan Modification
related
$14,711,499 · Colorado Busn Bk
—
—
Cottonwood Self-storage LLC
—
Deed Of Trust
related
—
—
—
Cottonwood Self-storage LLC
—
Loan Modification
related
—
—
—
Cottonwood Self-storage LLC
—
Loan Modification
related
$4,771,833 · Bok Fin'l
—
—
Cottonwood Self Storage LLC
—
Deed Of Trust
related
$5,384,730 · Colorado Business Bank NA
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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