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Property profile & analytics
FOR LEASE
Industrial properties
385 S Pierce Ave Louisville, CO 80027
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0971101
For Lease
1 / 4
$12 SF/Yr
385 S Pierce Ave, Louisville, CO 80027
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
TILT-UP CONCRETE
Total area
43,935 SF
Lot
2.36 ac (103,019 SF)
Zoning code
3115
APN
1575-16-0-14-006
UPID
US13-0971101
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
$8.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.94M
Blend (final)
Blend
$8.36M
Owner & transaction history
385 Pierce Cp LLC · 4 yrs held
385 Pierce Cp LLC
since 2022
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
3115 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.2M
+33.7%
Apartment house (5+ units)
$10.9M
+19.8%
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
$7,945,000
ML approach
$8,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,135,000
Current use
OFFICE BUILDING
$12,210,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,945,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$8.36M
Range $7.52M – $9.20M · ±10% · vs last sale $8.75M (May 2 2022)
Last sale anchor
$8.75M
May 2 2022
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
$190 / 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
$198,756
Tax year 2023
Assessed value
$2,235,125
Assessed 2023
Previous assessed
$1,088,105
+105.4% YoY
Effective rate
8.89%
On assessed value
Assessed land
$432,366
Assessed improvement
$1,802,759
Land market value
$1,549,700
Improvement market value
$6,461,500
Total market value
$8,011,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1988
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
43,935 SF
Lot
2.36 ac (103,019 SF)
Zoning code
3115
APN
1575-16-0-14-006
UPID
US13-0971101
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Louisville, CO
Zoning 3115 · permitted uses
3115 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.1M
OFFICE BUILDING
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
385 Pierce Cp LLC
Entity
Mailing address
789 N SHERMAN ST STE #430, DENVER, CO 80203-3531
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$8,750,000
385 Pierce Cp LLC
385s Pierce LLC
Special Warranty Deed
$5,850,000 · Independent Bank
Oct 8, 2019
—
385s Pierce LLC
—
Deed
related
$53,781 · Firstbank
May 3, 2016
—
385s Pierce LLC
—
Deed
related
$3,500,000 · Firstbank
Aug 26, 2013
—
385s Pierce LLC
—
Trustees Deed
related
$190,000 · Guaranty Bank
May 30, 2013
$2,500,000
385s Pierce LLC
Ctc Commons I LLC
Grant Deed
$1,872,500 · Guaranty Bank
Nov 16, 2006
—
Ctc Commons I LLC
Colorado Tech LLC
Quit Claim Deed
related
—
—
—
Ctc Commons I LLC
—
Deed Of Trust
related
$1,623,953 · Firstbank Of Arvada
—
—
Ctc Commons I LLC
—
Deed Of Trust
related
$1,461,558 · Firstbank NA
—
—
385s Pierce LLC
—
Deed Of Trust
related
$53,781 · Firstbank
—
—
385s Pierce LLC
—
Deed Of Trust
related
$3,500,000 · 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.
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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