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Property profile & analytics
OFF-MARKET
Estimated value
$470,000
Banks
3033 Iris Ave Boulder, CO 80301-1904
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0376356
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1976
Construction
STEEL FRAME
Total area
10,450 SF
Lot
2.11 ac (92,086 SF)
Zoning code
2132
APN
1463-20-1-04-001
UPID
US13-0376356
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
-
FNBO Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$470k
Owner & transaction history
Dellacava Family LLC · 17 yrs held
Dellacava Family LLC
since 2009
7 recorded transactions
Zoning & alternative use
2132 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
municipal code
Top alternative use upside
Industrial (general)
$855,000
+1.7%
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
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$840,000
Current use
INDUSTRIAL (GENERAL)
$855,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$470k
Range $423k – $517k · ±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
$45 / 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
$65,536
Tax year 2023
Assessed value
$767,251
Assessed 2023
Previous assessed
$767,251
+0.0% YoY
Effective rate
8.54%
On assessed value
Assessed land
$566,370
Assessed improvement
$200,881
Land market value
$2,030,000
Improvement market value
$720,000
Total market value
$2,750,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
10,450 SF
Lot
2.11 ac (92,086 SF)
Zoning code
2132
APN
1463-20-1-04-001
UPID
US13-0376356
Jurisdiction
BOULDER
Zoning & alternative use
2132 · Boulder, COZoning 2132 · permitted uses
2132 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$840,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
FINANCIAL BUILDING Current
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
1976
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Dellacava Family LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2595 CYN BLVD STE #230, BOULDER, CO 80302-6737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
Dellacava Family LLC
—
Deed
related
$5,500,000 · First Nat'l Bk/omaha
Dec 28, 2018
—
Dellacava Family LLC
—
Grant Deed
related
$8,300,000 · First Nat'l Bk/omaha
Jan 6, 2009
—
Dellacava Family LLC
G-p Industrial Park LLC
Warranty Deed
related
—
Sep 29, 2008
—
G-p Industrial Park LLC
—
Trustees Deed
related
$500,000 · First Community Bank
Aug 22, 2008
$5,200,000
G-p Industrial Park LLC
First National Bank Of Omaha
Grant Deed
$3,800,000 · First Community Bank
Aug 22, 2008
—
First National Bank Of Omaha
Wachovia Dev Corp
Grant Deed
related
—
—
—
Gp Industrial Park LLC
—
Deed Of Trust
related
—
—
—
Dellacava Family LLC
—
Deed Of Trust
related
—
—
—
Gp Industrial Park LLC
—
Deed Of Trust
related
—
—
—
Dellacava Family LLC
—
Deed Of Trust
related
—
—
—
Dellacava Family LLC
—
Loan Modification
related
$5,500,000 · First Nat'l Bk/omaha
—
—
William O Dawson
—
Deed Of Trust
related
$12,000 · First National Bank Colorado
—
—
G P Industrial Park LLC
—
Deed Of Trust
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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