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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
35715 Hwy 40d301 Evergreen, CO 80439-9678
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-1041241
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
WOOD FRAME
Total area
1,691 SF
Lot
3.09 ac (134,600 SF)
Zoning code
PD
APN
1963-122-01-212
UPID
US13-1041241
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
$760k
CAP Approach
CAP
$405k
Comparable Approach
Comparable
$480k
Blend (final)
Blend
$595k
Owner & transaction history
Queen Bee Evergreen LLC · 6 yrs held
Queen Bee Evergreen LLC
since 2020
Last sale
$595,000
4 recorded transactions
Zoning & alternative use
PD · Evergreen, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$675,000
+98.0%
Neighborhood: shopping center
$550,000
+60.4%
Commercial (general)
$545,000
+60.0%
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 Evergreen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evergreen 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
$740,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$440,000
6.5%
$405,000
7%
$380,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$675,000
Change: +98% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +60% · Conversion: Easy
RETAIL STORES
$545,000
Change: +59% · Conversion: Moderate
MEDICAL BUILDING
$515,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $595k (May 18 2020)
Last sale anchor
$595k
May 18 2020
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
$352 / 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
$6,175
Tax year 2023
Assessed value
$85,040
Assessed 2023
Previous assessed
$96,120
-11.5% YoY
Effective rate
7.26%
On assessed value
Assessed land
$85,040
Land market value
$304,820
Total market value
$304,820
Applied tax rate
80.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
1,691 SF
Lot
3.09 ac (134,600 SF)
Zoning code
PD
APN
1963-122-01-212
UPID
US13-1041241
Jurisdiction
CLEAR CREEK
Zoning & alternative use
PD · Evergreen, CO
Zoning PD · permitted uses
PD · Evergreen, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Evergreen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$545,000
RETAIL STORES
Est. value
$545,000
MEDICAL BUILDING
Est. value
$515,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1997
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
3.09 ac
Current owner
From public records · entity-resolved
Queen Bee Evergreen LLC
Entity
Mailing address
13378 FRANKLIN ST, THORNTON, CO 80241-3918
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
$595,000
Queen Bee Evergreen LLC
Tcd Colorado LLC
Grant Deed
$295,000 · Montegra Cap Rsrcs
Jan 12, 2017
$600,000
Tcd Colorado LLC
Denver Advantage Investments L
Grant Deed
—
May 5, 2010
$700,000
Positive Dev LLC
Cgcmt 2006-c5 Brown Office LLC
Grant Deed
—
Aug 25, 2009
—
Cct Building One LLC
Public Trustee Of Clear Creek Cnt
Trustees Deed
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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