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Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Industrial properties
413 Arthur Ave Louisville, CO 80027-3013
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0681984
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
TILT-UP CONCRETE
Total area
21,072 SF
Lot
1.5 ac (65,166 SF)
Zoning code
2120
APN
1575-16-0-02-001
UPID
US13-0681984
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
$3.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$3.95M
Owner & transaction history
413 South Arthur LLC · 3 yrs held
413 South Arthur LLC
since 2023
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
2120 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.9M
+33.7%
Apartment house (5+ units)
$5.3M
+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
$3,700,000
ML approach
$3,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,380,000
Current use
OFFICE BUILDING
$5,855,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,250,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.95M
Range $3.55M – $4.34M · ±10% · vs last sale $4.10M (May 22 2023)
Last sale anchor
$4.10M
May 22 2023
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
$187 / 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
$101,720
Tax year 2023
Assessed value
$1,143,900
Assessed 2023
Previous assessed
$782,188
+46.2% YoY
Effective rate
8.89%
On assessed value
Assessed land
$351,484
Assessed improvement
$792,416
Land market value
$1,259,800
Improvement market value
$2,840,200
Total market value
$4,100,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
21,072 SF
Lot
1.5 ac (65,166 SF)
Zoning code
2120
APN
1575-16-0-02-001
UPID
US13-0681984
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Louisville, CO
Zoning 2120 · permitted uses
2120 · 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
$4.4M
OFFICE BUILDING
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
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
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
413 South Arthur LLC
Entity
Mailing address
542 MNR CT, LOUISVILLE, CO 80027
Ownership since
2023
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
May 22, 2023
$4,100,000
413 South Arthur LLC
Simon Kramer Partners LP
Special Warranty Deed
$3,075,000 · Bokf NA
Jan 25, 2018
—
Simon-kramer Partners LLC
Simon-christensen Partners LLC
Quit Claim Deed
related
$2,655,000 · Guaranty Bk
Feb 2, 2010
—
Simon-kramer Partners LLC
Simon-christensen Partners LLC
Quit Claim Deed
related
—
—
—
Simon-christensen Partners LLC
—
Deed Of Trust
related
$497,749 · J P Morgan Chase Bank
—
—
Simon-christensen Partners LLC
—
Deed Of Trust
related
$337,855 · Bank One NA
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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