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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Retail space
418 32nd Rd Clifton, CO 81520-9508
Entity Owned
16-yr Hold
Free & Clear
Property ID
US13-0566135
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,188 SF
Lot
1.09 ac (47,480 SF)
Zoning code
B-2
APN
2943-143-52-002
UPID
US13-0566135
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
-
32 Road Laundromat (Bike/Boat/Book/etc) Store
-
East Valley Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.36M
Owner & transaction history
Riverwood Business Park II LLC · 16 yrs held
Riverwood Business Park II LLC
since 2009
6 recorded transactions
Zoning & alternative use
B-2 · Clifton, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+20.5%
Warehouse, storage
$1.7M
+3.6%
Office building
$1.7M
+3.2%
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 Clifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clifton 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%
$1,925,000
6.5%
$1,780,000
7%
$1,650,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,655,000
Current use
COMMERCIAL (GENERAL)
$1,990,000
Change: +20% · Conversion: Easy
WAREHOUSE, STORAGE
$1,715,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$1,705,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,385,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$111 / 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
$33,092
Tax year 2023
Assessed value
$445,120
Assessed 2023
Previous assessed
$335,600
+32.6% YoY
Effective rate
7.43%
On assessed value
Assessed land
$71,530
Assessed improvement
$373,590
Land market value
$256,390
Improvement market value
$1,339,020
Total market value
$1,595,410
Applied tax rate
15,602.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Total area
12,188 SF
Lot
1.09 ac (47,480 SF)
Zoning code
B-2
APN
2943-143-52-002
UPID
US13-0566135
Jurisdiction
MESA
Zoning & alternative use
B-2 · Clifton, CO
Zoning B-2 · permitted uses
B-2 · Clifton, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clifton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Riverwood Business Park II LLC
Entity
Free & Clear · 16 yrs held
Mailing address
764 MADISON ST, DENVER, CO 80206-4006
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2009
—
Riverwood Business Park II LLC
Vincent Riverwood 2 LLC
Quit Claim Deed
—
Apr 8, 2009
—
Ronald D Vincent
Vincent,ronald D
Quit Claim Deed
—
May 14, 2008
$221,000
Ronald D Vincent
Westwood Rental LLC
Grant Deed
—
Dec 26, 2006
—
Vincent Riverwood 2 LLC
Vincent,ronald D & Terry L
Quit Claim Deed
related
—
Dec 22, 2006
—
Ronald D Vincent
Vincent,ronald D
Quit Claim Deed
related
—
Jun 21, 2001
—
Westwood Rental LLC
Wood,ivan
Quit Claim Deed
related
—
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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