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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Warehouses
4023 Mulligan St Mead, CO 80504-9658
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1544044
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
16,000 SF
Lot
4 ac (174,240 SF)
APN
R8761800
UPID
US13-1544044
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
$3.45M
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$3.45M
Owner & transaction history
4023 Mulligan Gip LLC · 2 yrs held
4023 Mulligan Gip LLC
since 2024
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+63.5%
Commercial (general)
$4.5M
+56.5%
Restaurant
$3.1M
+7.1%
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 Mead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mead 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
$3,450,000
ML approach
$3,450,000
CAP Approach
CAP Return
Estimation
6%
$2,975,000
6.5%
$2,745,000
7%
$2,550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,855,000
Current use
OFFICE BUILDING
$4,670,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,470,000
Change: +57% · Conversion: Difficult
RESTAURANT
$3,060,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,970,000
Change: +4% · Conversion: Easy
RETAIL STORES
$2,745,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$2,670,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.45M (Mar 7 2024)
Last sale anchor
$3.45M
Mar 7 2024
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
$216 / 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
$65,001
Tax year 2023
Assessed value
$641,700
Assessed 2023
Previous assessed
$641,700
+0.0% YoY
Effective rate
10.13%
On assessed value
Assessed land
$291,660
Assessed improvement
$350,040
Land market value
$1,045,386
Improvement market value
$1,254,614
Total market value
$2,300,000
Applied tax rate
5,930.0000
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
1990
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
16,000 SF
Lot
4 ac (174,240 SF)
APN
R8761800
UPID
US13-1544044
Jurisdiction
WELD
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
WAREHOUSE, STORAGE Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RESTAURANT
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1990
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
4023 Mulligan Gip LLC
Entity
Mailing address
1760 PLATTE ST STE #100, DENVER, CO 80202-1081
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$3,450,000
4023 Mulligan Gip LLC
Trg Longmont LLC
Special Warranty Deed
$2,070,000 · Firstbank
Mar 7, 2024
—
Trg Longmont LLC
Cannon Properties Incorporated
Correction Deed
related
—
Sep 1, 2022
—
Trg Longmont LLC
—
Deed
related
$3,000,000 · Wells Fargo Bank NA
Aug 9, 2021
—
Trg Longmont LLC
—
Deed
related
$3,065,625 · Wells Fargo Bank NA
Nov 20, 2020
$2,400,000
Trg Longmont LLC
Cannon Properties INC
Warranty 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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