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Property profile & analytics
OFF-MARKET
Estimated value
$3,495,000
Showrooms
37500 50th Ave Watkins, CO 80137-7151
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0906225
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Total area
28,130 SF
APN
R0154526
UPID
US13-0906225
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
$3.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Aerojet Services INC · 3 yrs held
Aerojet Services INC
since 2023
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 Watkins submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watkins 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%
$4,275,000
6.5%
$3,945,000
7%
$3,660,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,635,000
Current use
Blend value · Realmo final
$3.50M
Range $3.15M – $3.84M · ±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
$124 / 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
$23,614
Tax year 2023
Assessed value
$313,930
Assessed 2023
Previous assessed
$122,370
+156.5% YoY
Effective rate
7.52%
On assessed value
Assessed improvement
$313,930
Improvement market value
$1,125,200
Total market value
$1,125,200
Applied tax rate
446.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Total area
28,130 SF
APN
R0154526
UPID
US13-0906225
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
COMMERCIAL (GENERAL) Current
Est. value
$5.6M
COMMERCIAL (GENERAL) 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
1997
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Aerojet Services INC
Entity
Mailing address
697 TIGER LILY WAY, HIGHLANDS RANCH, CO 80126-5709
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Av8 LLC
—
Deed
related
$640,000
Jan 24, 2023
—
Aerojet Services INC
Robert Ellis
Assignment Of Deed
—
Nov 15, 2022
—
Mcfarland Group LLC
Cherry Creek LLC
Assignment Of Sub Lease
—
Feb 16, 2022
—
William J Hegenbarth
Spellman Aviation LLC
Assignment Of Sub Lease
—
Feb 15, 2019
$135,750
Manfred A Newhart
Webster,ronald C JR & Judy C
Grant Deed
—
Oct 10, 2014
—
Webster,ronald C SR Trust
Webster,ronald C SR
Quit Claim Deed
related
—
Feb 24, 2010
—
Dorine A Mcnamara
Mcnamara Ronald G
Quit Claim Deed
related
—
Jan 11, 2006
—
Ronald G Mcnamara
E 43 Complex Windchaser Condo
Grant Deed
$98,036 · Clint & Judy Webster
Jul 8, 2005
—
Repcool
Repcool LLC
Quit Claim Deed
related
—
—
—
Vector Air LLC
—
Deed Of Trust
related
$24,250 · Clint & Judy Webster
—
—
Advanced Welding Services INC
—
Deed Of Trust
related
$134,250 · Ronald C JR & Judy Webster
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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