400 Martin St Longmont, CO 80501-5634
Individually Owned
Free & Clear
Estimated value (blended)
$115k
Range $104k – $127k (±10%)
Property ID
US13-0884906
Property summary
AI-generated overview
This exceptional Longmont storefront at 400 Martin St presents a unique redevelopment opportunity. Boasting 2,034 square feet on a 4,347 square foot lot, this single-story, Class B building, constructed in 1927, offers a versatile space ideal for owner-users or investors. Currently configured as a mixed-use property with a small office/reception area, large shop space, and a cellar storage area, the property benefits from a fenced rear parking area perfect for business vehicles or additional storage. The MU-N (Neighborhood Mixed Use) zoning allows for a variety of uses, including potential residential conversion. Conveniently located with easy access to Ken Pratt Blvd, this property features a 9x9 overhead door, adding to its functionality and appeal. The asking price is $500,000, translating to $245.82 per square foot. This is a rare chance to acquire a well-situated property in a thriving Colorado community with significant upside potential. The APN is 1315023-07-010.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1927
Construction
CONCRETE BLOCKS
Total area
2,034 SF
Lot
0.1 ac (4,356 SF)
Zoning code
2135
APN
1315-02-3-07-010
UPID
US13-0884906
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
-
Interior Design Auto Repair Shop
-
Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$115k
Owner & transaction history
since 2025
Last sale
$450,000
5 recorded transactions
Zoning & alternative use
2135 · Longmont, CO
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$115k
Value range
$104k – $127k
±10% around blend
Estimated value / SF
$57 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
$104k
blend $115k
$127k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,034 SF
Lot area
0.1 ac
Year built
1927
Stories
1
APN
1315-02-3-07-010
Assessed value
$55,800
Annual tax
$4,475
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.04M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.0 mi away · 1,750 SF
22.0 mi away · 2,160 SF
24.3 mi away · 2,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$115k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 83 sales
$166
-66%
County 54 sales
$207
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $57/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$450k
Move the market yield to see immediate price impact.
Value / SF
$221
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$28k
$567k
$405k
$315k
$32k
$630k
$450k
$350k
$35k
$693k
$495k
$385k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.14M
16.9 mi · Dec 2025 · $607/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,475
Tax year 2023
Assessed value
$55,800
Assessed 2023
Previous assessed
$52,055
+7.2% YoY
Effective rate
8.02%
On assessed value
Assessed land
$46,314
Assessed improvement
$9,486
Land market value
$166,000
Improvement market value
$34,000
Total market value
$200,000
Applied tax rate
680.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1927
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Total area
2,034 SF
Lot
0.1 ac (4,356 SF)
Zoning code
2135
APN
1315-02-3-07-010
UPID
US13-0884906
Jurisdiction
BOULDER
Zoning & alternative use
2135 · Longmont, COZoning 2135 · permitted uses
2135 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1927
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
2135
Jurisdiction
Longmont, CO
Recorded code
2135
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 2135 in Longmont, CO.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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