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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Warehouses
379 Arthur Ave Louisville, CO 80027-3011
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0182921
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
CONCRETE BLOCKS
Total area
14,989 SF
Lot
1.09 ac (47,393 SF)
Zoning code
3135
APN
1575-16-0-10-001
UPID
US13-0182921
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
$2.20M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$2.26M
Owner & transaction history
Simon Kramer Partners LP · 3 yrs held
Simon Kramer Partners LP
since 2023
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
3135 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Apartment house (5+ units)
$3.7M
+52.3%
Industrial (general)
$3.1M
+27.1%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
$2,255,000
ML approach
$2,195,000
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,450,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,735,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,115,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.50M (Mar 28 2023)
Last sale anchor
$2.50M
Mar 28 2023
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
$150 / 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
$84,974
Tax year 2023
Assessed value
$955,575
Assessed 2023
Previous assessed
$403,654
+136.7% YoY
Effective rate
8.89%
On assessed value
Assessed land
$298,279
Assessed improvement
$657,296
Land market value
$1,069,100
Improvement market value
$2,355,900
Total market value
$3,425,000
Applied tax rate
96.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Rooms
4
Bathrooms
1
Total area
14,989 SF
Lot
1.09 ac (47,393 SF)
Zoning code
3135
APN
1575-16-0-10-001
UPID
US13-0182921
Jurisdiction
BOULDER
Zoning & alternative use
3135 · Louisville, COZoning 3135 · permitted uses
3135 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Simon Kramer Partners LP
Entity
Mailing address
920 SUNNY WAY, LAFAYETTE, CO 80026-8929
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
Simon Kramer Partners LP
Simon Kramer Partners LLC
Intrafamily Transfer
related
—
Nov 18, 2019
$2,500,000
Sunny Way LLC
Simon-kramer Parners LLC
Grant Deed
$2,000,000 · Bank Of The West
Jan 19, 2018
—
Simon-kramer Partners LLC
—
Deed
related
$2,655,000 · Guaranty Bk
Jun 27, 2011
—
Simon-kramer Partners LLC
Simon-christensen Partners LLC
Quit Claim Deed
related
$1,519,956 · Guaranty Bank
Jul 21, 2004
$265,000
Simon-christensen Partners LLC
Bramblebeck LLC
Grant Deed
—
—
—
Simon-kramer Partners LLC
—
Deed Of Trust
related
$2,655,000 · Guaranty Bk
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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