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Property profile & analytics
FOR LEASE
Distribution centers
3700 E 68Th Ave Commerce City, CO 80022
Entity Owned
~
Est. High Equity
Property ID
US13-0716984
For Lease
1 / 3
Contact for pricing
3700 E 68Th Ave, Commerce City, CO 80022
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1984
Total area
32,395 SF
Lot
2.57 ac (111,949 SF)
APN
R0097858
UPID
US13-0716984
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
$5.15M
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$4.90M
Owner & transaction history
3bar Commerce LLC
3bar Commerce LLC
since 2026
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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%
$5,580,000
6.5%
$5,150,000
7%
$4,780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,295,000
Current use
Blend value · Realmo final
$4.90M
Range $4.41M – $5.38M · ±10% · vs last sale $4.78M (Feb 24 2026)
Last sale anchor
$4.78M
Feb 24 2026
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
$151 / 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
$110,720
Tax year 2023
Assessed value
$1,231,870
Assessed 2023
Previous assessed
$945,250
+30.3% YoY
Effective rate
8.99%
On assessed value
Assessed land
$187,400
Assessed improvement
$1,044,470
Land market value
$671,694
Improvement market value
$3,743,606
Total market value
$4,415,300
Applied tax rate
250.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1984
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Total area
32,395 SF
Lot
2.57 ac (111,949 SF)
APN
R0097858
UPID
US13-0716984
Jurisdiction
ADAMS
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
WAREHOUSE, STORAGE Current
Est. value
$5.3M
WAREHOUSE, STORAGE Current
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
1984
Heating
SPACE
Cooling
Yes
Stories
2
Lot
2.57 ac
Current owner
From public records · entity-resolved
3bar Commerce LLC
Entity
Mailing address
1432 STOCKYARD RD, PUEBLO, CO 81001-4536
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
$4,780,000
3bar Commerce LLC
Industrial Constructors Properties
Special Warranty Deed
$5,000,000 · Key Bank NA
Aug 29, 2025
—
Industrial Constructors Properties
—
Deed
related
$10,000,000 · Sunflower Bank NA
Jun 22, 2021
—
Idustrial Constructors Properties L
—
Deed
related
$3,500,000 · Sunflower Bank NA
Jun 2, 2021
—
Industrial Constructors Managers In
—
Deed
related
$400,000 · Tbk Bank Ssb
Apr 21, 2021
—
Industrial Consrtuctors Properties
—
Deed
related
$3,500,000 · Tbk Bank Ssb
Aug 9, 2019
$2,940,000
Industrial Constructors Prop L
Spring Creek Partners Ltd
Grant Deed
$3,574,150 · First St Bk/colorado
Feb 6, 2018
—
Spring Creek Partners Ltd
—
Deed
related
$1,000,000 · Bank Of The West
May 20, 1998
$830,000
Spring Creek Partnership Ltd
Western Action Services INC
Trustees Deed
—
May 20, 1998
—
Spring Creek Partnership Ltd Und
Western Action Services INC
Trustees Deed
$502,625 · First United Bank
—
—
Spring Creek Partners Ltd
—
Deed Of Trust
related
$504,293 · Bank Of The West
—
—
Spring Creek Partners Ltd
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
—
—
Gary D Smith
—
Deed Of Trust
related
$563,055 · Community First National Bank
—
—
Spring Creek Partners Ltd
—
Deed Of Trust
related
$848,707 · Bank Of The West
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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