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Property profile & analytics
FOR SALE
Manufacturing properties
3600 Ronald Reagan Blvd Johnstown, CO 80534
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-1318463
For Sale
$22,535,000
3600 Ronald Reagan Blvd, Johnstown, CO 80534
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
166,000 SF
Lot
17 ac (740,520 SF)
APN
85132-08-003
UPID
US13-1318463
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
$22.65M
Comparable Approach
Comparable
$23.67M
Blend (final)
Blend
$22.54M
Owner & transaction history
Flowers Baking Co Of Denver Ll · 7 yrs held
Flowers Baking Co Of Denver Ll
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$34.9M
+17.9%
Office building
$32.7M
+10.5%
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 Johnstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnstown 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
by Request
CAP Approach
CAP Return
Estimation
6%
$24,535,000
6.5%
$22,645,000
7%
$21,030,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$29,555,000
Current use
RETAIL STORES
$34,855,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$32,655,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$24,480,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$22.54M
Range $20.28M – $24.79M · ±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
$136 / 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
$700,513
Tax year 2023
Assessed value
$5,440,500
Assessed 2023
Previous assessed
$4,785,000
+13.7% YoY
Effective rate
12.88%
On assessed value
Assessed land
$774,755
Assessed improvement
$4,665,745
Land market value
$2,776,900
Improvement market value
$16,723,100
Total market value
$19,500,000
Applied tax rate
2,819.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
166,000 SF
Lot
17 ac (740,520 SF)
APN
85132-08-003
UPID
US13-1318463
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$29.6M
RETAIL STORES
Est. value
$34.9M
OFFICE BUILDING
Est. value
$32.7M
WAREHOUSE, STORAGE
Est. value
$24.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
17 ac
Current owner
From public records · entity-resolved
Flowers Baking Co Of Denver Ll
Entity
Free & Clear · 7 yrs held
Mailing address
1919 FLOWERS CIR, THOMASVILLE, GA 31757-1137
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2018
$22,200,000
Flowers Baking Co Of Denver Ll
St Louis R/e Hldgs LLC
Grant Deed
—
Dec 17, 2018
—
Canyon Bakehouse LLC
Flowers Baking Co Of Denver Ll
Grant Deed
related
—
Jul 7, 2017
$14,742,500
St Louis R & E Holdings LLC
Broadstone Fc Colorado LLC
Grant Deed
related
$10,475,000 · Great Wstrn Bk
Dec 27, 2013
$19,250,000
Broadstone Fc Colorado LLC
Fspr LLC
Trustees Deed
$11,100,000 · Miscellaneous Ins Co
Dec 27, 2013
—
Broadstone Fc Colorado LLC
Iron Horse LLC
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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