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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Retail space
2616 120th Ave Thornton, CO 80233-1412
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0342599
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
4,237 SF
Lot
0.52 ac (22,651 SF)
APN
R0027047
UPID
US13-0342599
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
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Blue Room Capital Partners LLC · 6 yrs held
Blue Room Capital Partners LLC
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$133 / 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
$7,876
Tax year 2023
Assessed value
$71,490
Assessed 2023
Previous assessed
$115,000
-37.8% YoY
Effective rate
11.02%
On assessed value
Assessed land
$54,790
Assessed improvement
$16,700
Land market value
$196,394
Improvement market value
$59,862
Total market value
$256,256
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
4,237 SF
Lot
0.52 ac (22,651 SF)
APN
R0027047
UPID
US13-0342599
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
Building & site characteristics
From public records
Year built
1974
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Blue Room Capital Partners LLC
Entity
Mailing address
5757 COLE LN, ARVADA, CO 80002-1105
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2019
—
Blue Room Capital Partners LLC
Public Svcs Co Of Co
Quit Claim Deed
related
—
Jun 20, 2019
$815,000
Blue Room Capital Partners LLC
Lawson Real Estate Thornton LLC
Special Warranty Deed
$569,100 · Amg National Trust Bank
Dec 10, 2014
—
Lawson Real Estatethornton LLC
Lawson,herbert S & Gregory B
Quit Claim Deed
related
—
Jun 26, 2013
$345,961
Herbert S Lawson
David Burnett Ents INC
Warranty Deed
$225,000 · Colorado National Bank
May 15, 2012
—
David Burnett Ents INC
Davco Distributing INC
Quit Claim Deed
related
$400,000 · Horizons Banks NA
Jul 19, 2002
$370,000
Davco Distributing INC
Compass Bank
Grant Deed
$400,700 · Money Store Investment Corp
Feb 21, 2001
$6,060
Thornton City (co)
Compass Bank
Grant Deed
—
—
—
David Burnett Ents INC
—
Deed Of Trust
related
$400,000 · Horizons Banks 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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