Entity Owned Property summary
AI-generated overview
The property is a downtown Longmont building located on the 300 block of Main Street, positioned along an active retail and dining corridor with street frontage. The building is being converted from a former office use to a restaurant-ready space, with construction underway for tenant improvements. Scope elements include installation of a new commercial kitchen hood system with Ansul, a grease interceptor, replacement of mechanical systems and plumbing, roof replacement, and a new fire suppression system. The conversion also includes provision of ADA-compliant restrooms. The building is laid out to support a street-facing restaurant concept, with interior layout and tenant improvement details aligned to a restaurant program.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1944
Construction
BRICK
Total area
2,860 SF
Lot
0.07 ac (3,136 SF)
Zoning code
2120
APN
1315-03-3-12-022
UPID
US13-2593594
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Business Service Center Corporate Office
-
Association Or Organization
-
Tax Preparation
-
Accounting Firm Tax Preparation
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$335k
Owner & transaction history
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
2120 · Longmont, CO
Top alternative use upside
Auto repair, garage
$1.1M
+24.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$335k
Value range
$302k – $369k
±10% around blend
Estimated value / SF
$117 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$302k
blend $335k
$369k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,860 SF
Lot area
0.07 ac
Year built
1944
Stories
1
APN
1315-03-3-12-022
Zoning
2120
Assessed value
$174,375
Annual tax
$17,621
3
Income approach: direct capitalization
Partial preview
Income approach indication
$625k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$675k
@ 6.5% CAP return
$625k
@ 7% CAP return
$580k
4
Sales comparison
Partial preview
Sales approach indication
$662k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
22.9 mi away · 2,562 SF
23.7 mi away · 2,122 SF
24.2 mi away · 3,520 SF
24.9 mi away · 3,709 SF
24.9 mi away · 3,709 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$335k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$314
-63%
Submarket 45 sales
$292
-60%
County 120 sales
$450
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $117/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+25%
vs current-use indication
Office Building · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$700k
Move the market yield to see immediate price impact.
Value / SF
$245
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$44k
$882k
$630k
$490k
$49k
$980k
$700k
$544k
$54k
$1.08M
$770k
$599k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$496k
17.6 mi · Dec 2025 · $178/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,621
Tax year 2023
Assessed value
$174,375
Assessed 2023
Previous assessed
$217,500
-19.8% YoY
Effective rate
10.11%
On assessed value
Assessed land
$45,756
Assessed improvement
$128,619
Land market value
$164,000
Improvement market value
$461,000
Total market value
$625,000
Applied tax rate
1,017.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1944
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
2,860 SF
Lot
0.07 ac (3,136 SF)
Zoning code
2120
APN
1315-03-3-12-022
UPID
US13-2593594
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Longmont, COZoning 2120 · permitted uses
2120 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1944
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
2120
Jurisdiction
Longmont, CO
Recorded code
2120
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 2120 in Longmont, CO.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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