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Property profile & analytics
FOR LEASE
Warehouses
346 South Arthur Ave Louisville, CO 80027
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0145565
For Lease
1 / 7
$12,205,000
346 South Arthur Ave, Louisville, CO 80027
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
TILT-UP CONCRETE
Total area
63,974 SF
Lot
4.1 ac (178,727 SF)
Zoning code
3135
APN
1575-16-0-18-001
UPID
US13-0145565
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
$10.11M
CAP Approach
CAP
$7.79M
Comparable Approach
Comparable
$12.27M
Blend (final)
Blend
$12.21M
Owner & transaction history
Sreit 346 Arthur Avenue LLC · 5 yrs held
Sreit 346 Arthur Avenue LLC
since 2021
Last sale
$14.5M
3 recorded transactions
Zoning & alternative use
3135 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$17.8M
+70.0%
Apartment house (5+ units)
$15.9M
+52.3%
Industrial (general)
$13.3M
+27.1%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
$14,010,000
ML approach
$10,105,000
CAP Approach
CAP Return
Estimation
6%
$8,440,000
6.5%
$7,790,000
7%
$7,235,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,460,000
Current use
OFFICE BUILDING
$17,780,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,935,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$13,300,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$12.21M
Range $10.98M – $13.43M · ±10% · vs last sale $14.53M (Apr 27 2021)
Last sale anchor
$14.53M
Apr 27 2021
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
$191 / 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
$337,341
Tax year 2023
Assessed value
$3,793,591
Assessed 2023
Previous assessed
$1,867,431
+103.1% YoY
Effective rate
8.89%
On assessed value
Assessed land
$646,610
Assessed improvement
$3,146,981
Land market value
$2,317,600
Improvement market value
$11,279,500
Total market value
$13,597,100
Applied tax rate
96.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2001
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
63,974 SF
Lot
4.1 ac (178,727 SF)
Zoning code
3135
APN
1575-16-0-18-001
UPID
US13-0145565
Jurisdiction
BOULDER
Zoning & alternative use
3135 · Louisville, COZoning 3135 · permitted uses
3135 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.5M
OFFICE BUILDING
Est. value
$17.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.9M
INDUSTRIAL (GENERAL)
Est. value
$13.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Sreit 346 Arthur Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1225 17TH ST STE #3200, DENVER, CO 80202-5536
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Sreit 346 Arthur Avenue LLC
—
Deed
related
—
Apr 27, 2021
$14,527,200
Sreit 346 Arthur Avenue LLC
Colorado Technology Center Portfoli
Special Warranty Deed
—
Jul 7, 2005
—
Colorado Tech LLC
Ctc Building Group LLC
Grant Deed
$16,000,000 · Artesia Mortgage Capital Corp
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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