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Property profile & analytics
OFF-MARKET
Estimated value
$15,255,000
Manufacturing properties
4000 Nelson Rd Longmont, CO 80503-9004
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1160562
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
TILT-UP CONCRETE
Total area
76,111 SF
Lot
64.12 ac (2,793,111 SF)
Zoning code
3115
APN
1315-07-0-12-001
UPID
US13-1160562
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
Current use
Occupant on record · Public records
-
AGC Biologics Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.20M
Comparable Approach
Comparable
$19.24M
Blend (final)
Blend
$15.26M
Owner & transaction history
Avexis INC · 7 yrs held
Avexis INC
since 2019
2 recorded transactions
Zoning & alternative use
3115 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Code
Top alternative use upside
Office building
$22.2M
+55.6%
Commercial (general)
$21.3M
+49.0%
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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%
$15,375,000
6.5%
$14,195,000
7%
$13,180,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,270,000
Current use
OFFICE BUILDING
$22,205,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,265,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,620,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$15.26M
Range $13.73M – $16.78M · ±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
$200 / 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
$1,052,960
Tax year 2023
Assessed value
$11,160,028
Assessed 2023
Previous assessed
$11,020,000
+1.3% YoY
Effective rate
9.44%
On assessed value
Assessed land
$2,327,976
Assessed improvement
$8,832,052
Land market value
$8,344,000
Improvement market value
$31,656,100
Total market value
$40,000,100
Applied tax rate
687.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
7
Stories
2
Total area
76,111 SF
Lot
64.12 ac (2,793,111 SF)
Zoning code
3115
APN
1315-07-0-12-001
UPID
US13-1160562
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Longmont, COZoning 3115 · permitted uses
3115 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$14.3M
OFFICE BUILDING
Est. value
$22.2M
COMMERCIAL (GENERAL)
Est. value
$21.3M
WAREHOUSE, STORAGE
Est. value
$12.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
7
Lot
64.12 ac
Current owner
From public records · entity-resolved
Avexis INC
Entity
Free & Clear · 7 yrs held
Mailing address
21511 23RD DR SE, BOTHELL, WA 98021-3900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2019
$30,000,000
Avexis INC
Astrazeneca Pharmaceuticals LP
Grant Deed
—
Oct 7, 2016
$64,500,000
Astrazeneca Pharmaceuticals LP
Amgen INC
Grant Deed
—
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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