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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Turn key restaurants
370 Main St Longmont, CO 80501-5527
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2190324
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Construction
CONCRETE BLOCKS
Total area
7,113 SF
Lot
0.07 ac (3,093 SF)
Zoning code
2112
APN
1315-03-4-07-003
UPID
US13-2190324
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
Current use
Occupant on record · Public records
-
SAMPLES Catering Take-out & Catering Catering Service
-
Flavor of India Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.72M
Owner & transaction history
Reet Gill LLC · 6 yrs held
Reet Gill LLC
since 2020
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
2112 · Longmont, CO
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$1,730,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,790,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.65M (May 14 2020)
Last sale anchor
$1.65M
May 14 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
$241 / 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
$33,596
Tax year 2023
Assessed value
$324,868
Assessed 2023
Previous assessed
$205,668
+58.0% YoY
Effective rate
10.34%
On assessed value
Assessed land
$69,332
Assessed improvement
$255,536
Land market value
$248,500
Improvement market value
$915,900
Total market value
$1,164,400
Applied tax rate
1,017.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Total area
7,113 SF
Lot
0.07 ac (3,093 SF)
Zoning code
2112
APN
1315-03-4-07-003
UPID
US13-2190324
Jurisdiction
BOULDER
Zoning & alternative use
2112 · Longmont, COZoning 2112 · permitted uses
2112 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.8M
AUTO REPAIR, GARAGE
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
1965
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Reet Gill LLC
Entity
Mailing address
1507 LARK BUNTING PL, LONGMONT, CO 80504-2207
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2020
—
Reet Gill LLC
—
Deed
related
$838,139 · High Plains Bk
Jun 25, 2020
—
Reet Gill LLC
—
Deed
related
$693,000 · Colorado Lndg Source
May 14, 2020
$1,650,000
Reet Gill LLC
Brick Rose Property LLC
Warranty Deed
$838,139 · High Plains Bank
Mar 10, 2015
—
Brick Rose Property LLC
—
Trustees Deed
related
$505,778 · Home St Bk
Jun 19, 2013
$325,000
Brick Rose Property LLC
Brown,brian & Darlene
Grant Deed
$238,000 · Firstbank Florida
Dec 26, 2008
—
Brian Brown
Brownland LLC
Quit Claim Deed
—
Dec 5, 2008
—
Brian Brown
Brownland LLC
Quit Claim Deed
—
Jul 7, 2008
$310,000
Brownland LLC
S K Holding Co LLC
Warranty Deed
—
Apr 6, 2006
$309,278
Sk Holding Co LLC
Miller,richard E
Warranty Deed
$150,000 · Colorado Community Bank
—
—
Brick Rose Property LLC
—
Deed Of Trust
related
$523,000 · Colorado Lndg Source
—
—
Sk Holding Co LLC
—
Deed Of Trust
related
$150,000 · Colorado Housing & Finance Aut
—
—
Brick Rose Property LLC
—
Loan Modification
related
$190,400 · Firstbank
—
—
Brick Rose Property LLC
—
Loan Modification
related
$184,014 · Firstbank
—
—
Reet Gill LLC
—
Deed Of Trust
related
$693,000 · Colorado Lndg Source
—
—
Sk Holding Co LLC
—
Deed Of Trust
related
$150,000 · Denver Urban Economic Dev Corp
—
—
Reet Gill LLC
—
Deed Of Trust
related
$838,139 · High Plains Bk
—
—
Brick Rose Property LLC
—
Loan Modification
related
$184,014 · Firstbank
—
—
Brick Rose Property LLC
—
Loan Modification
related
$184,129 · Firstbank
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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