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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Warehouses
3660 Draft Horse Dr Loveland, CO 80538-9008
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0158257
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,342 SF
Lot
4.13 ac (179,903 SF)
APN
85030-06-009
UPID
US13-0158257
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
$4.00M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$4.00M
Owner & transaction history
T & D Real Estate Holdings LLC · 2 yrs held
T & D Real Estate Holdings LLC
since 2024
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+148.3%
Apartment house (5+ units)
$4.9M
+116.0%
Medical building
$4.7M
+109.6%
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 Loveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loveland 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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
$2,995,000
6.5%
$2,765,000
7%
$2,570,000
Alternative Use
Use
Estimation
RESTAURANT
$5,615,000
Change: +148% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,885,000
Change: +116% · Conversion: Difficult
MEDICAL BUILDING
$4,740,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,015,000
Change: +78% · Conversion: Easy
OFFICE BUILDING
$3,350,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$3,220,000
Change: +42% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,540,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Jan 12 2024)
Last sale anchor
$4.00M
Jan 12 2024
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
$261 / 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
$59,789
Tax year 2023
Assessed value
$767,250
Assessed 2023
Previous assessed
$580,000
+32.3% YoY
Effective rate
7.79%
On assessed value
Assessed land
$414,064
Assessed improvement
$353,186
Land market value
$1,484,100
Improvement market value
$1,265,900
Total market value
$2,750,000
Applied tax rate
2,211.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
15,342 SF
Lot
4.13 ac (179,903 SF)
APN
85030-06-009
UPID
US13-0158257
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
RESTAURANT
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
4.13 ac
Current owner
From public records · entity-resolved
T & D Real Estate Holdings LLC
Entity
Mailing address
7151 S BLACKHAWK ST STE #900, ENGLEWOOD, CO 80112-4823
Ownership since
2024
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
Jan 12, 2024
$4,000,000
T & D Real Estate Holdings LLC
Cygnus Properties LLC
Special Warranty Deed
$4,000,000 · Umb Bank NA
Aug 10, 2021
—
Cygnus Properties LLC
Cygnus Home Service LLC
Warranty Deed
—
Jan 8, 2004
$700,000
Schwans Home Service INC
Rocky Mountain Crossroads LLC
Warranty Deed
—
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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