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Property profile & analytics
FOR LEASE
Manufacturing properties
405 S Pierce Ave Louisville, CO 80027
Entity Owned
~
Est. High Equity
Property ID
US13-0788600
For Lease
1 / 26
$15 SF/Yr
405 S Pierce Ave, Louisville, CO 80027
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Construction
TILT-UP CONCRETE
Total area
14,850 SF
Lot
1.26 ac (54,668 SF)
Zoning code
3115
APN
1575-16-0-03-001
UPID
US13-0788600
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
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.49M
Owner & transaction history
Mzp Investments LLC
Mzp Investments LLC
since 2026
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
3115 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$5.6M
+80.2%
Retail stores
$5.4M
+74.5%
Commercial (general)
$5.0M
+61.0%
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 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
$3,475,000
ML approach
$3,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,085,000
Current use
RESTAURANT
$5,560,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$5,385,000
Change: +75% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,970,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$4,130,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.49M
Range $3.14M – $3.83M · ±10% · vs last sale $3.55M (Dec 27 2024)
Last sale anchor
$3.55M
Dec 27 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
$235 / 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
$70,708
Tax year 2023
Assessed value
$795,150
Assessed 2023
Previous assessed
$404,942
+96.4% YoY
Effective rate
8.89%
On assessed value
Assessed land
$279,000
Assessed improvement
$516,150
Land market value
$1,000,000
Improvement market value
$1,850,000
Total market value
$2,850,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1995
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Stories
1
Total area
14,850 SF
Lot
1.26 ac (54,668 SF)
Zoning code
3115
APN
1575-16-0-03-001
UPID
US13-0788600
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Louisville, COZoning 3115 · permitted uses
3115 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
RESTAURANT
Est. value
$5.6M
RETAIL STORES
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
1995
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Mzp Investments LLC
Entity
Mailing address
917 S MAIN ST STE #100, LONGMONT, CO 80501-6400
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
—
Mzp Investments LLC
Mzp Investments LLC
Deed
related
$1,539,000 · Colorado Lending Source Ltd
Mar 27, 2025
$3,550,000
Mzp Investment LLC
600 Diegonal LLC
Warranty Deed
$2,003,500 · Key Bank NA
May 22, 2023
$3,850,000
600 Diagonal LLC
Centum Investments Wood Tech LLC
Special Warranty Deed
—
Feb 7, 2022
$2,850,000
Centum Investments Wood Tech LLC
John Witecki
Special Warranty Deed
$1,850,000 · Independent Bank
Feb 7, 2022
—
Centum Investments Wood Tech LLC
Christine E Strachan
Personal Representative Deed
—
Aug 17, 2021
—
Stephen K Strachan
405 Pierce Company LLC
Quit Claim Deed
related
$420,000 · Independent Bank
Mar 10, 2020
—
405 Pierce Co LLC
—
Deed
related
$420,000 · Independent Bk
—
—
405 Pierce Co LLC
—
Deed Of Trust
related
$185,000 · Wells Fargo Bank
—
—
405 Pierce Co LLC
—
Loan Modification
related
$420,000 · Independent Bk
—
—
405 Pierce Co LLC
—
Deed Of Trust
related
$550,000 · Wells Fargo Bank
—
—
405 Pierce Co LLC
—
Deed Of Trust
related
$365,000 · Wells Fargo Bank
—
—
405 Pierce Co LLC
—
Deed Of Trust
related
$365,000 · Wells Fargo Bank
—
—
405 Pierce Co LLC
—
Deed Of Trust
related
$365,000 · Wells Fargo Bank
—
—
405 Pierce Co LLC
—
Deed Of Trust
related
$465,000 · Wells Fargo Bank
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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