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Property profile & analytics
FOR SALE
Office buildings
418 Coffman St Longmont, CO 80501
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1117206
For Sale
1 / 18
$1,350,000
418 Coffman St, Longmont, CO 80501
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
BRICK
Total area
1,150 SF
Lot
0.14 ac (5,968 SF)
Zoning code
2120
APN
1315-03-3-01-004
UPID
US13-1117206
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
-
HUB International Insurance Agency
-
Mitchell William Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Wjm LLC · 2 yrs held
Wjm LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
2120 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$955,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $1.10M (Dec 13 2023)
Last sale anchor
$1.10M
Dec 13 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
$917 / 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
$25,413
Tax year 2023
Assessed value
$247,779
Assessed 2023
Previous assessed
$204,305
+21.3% YoY
Effective rate
10.26%
On assessed value
Assessed land
$88,945
Assessed improvement
$158,834
Land market value
$318,800
Improvement market value
$569,300
Total market value
$888,100
Applied tax rate
1,017.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1959
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
1,150 SF
Lot
0.14 ac (5,968 SF)
Zoning code
2120
APN
1315-03-3-01-004
UPID
US13-1117206
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Longmont, CO
Zoning 2120 · permitted uses
2120 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Wjm LLC
Entity
Mailing address
418 COFFMAN ST, LONGMONT, CO 80501-5408
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$1,100,000
Wjm LLC
Sarah S Mitchell
Personal Representative Deed
—
Nov 1, 2016
—
Wjm LLC
—
Deed
related
$523,462 · High Plains Bank
May 27, 2008
—
Wjm LLC
—
Trustees Deed
related
$246,000 · Mile High Bank NA
Feb 4, 2008
—
Wjm LLC
—
Trustees Deed
related
$704,000 · Mile High Bank NA
Nov 6, 2007
—
Wjm LLC
Mitchell,william J
Quit Claim Deed
related
—
Aug 22, 2007
$400,000
William J Mitchell
Martin Rick Living Trust
Warranty Deed
$320,000 · Horizon Bank
—
—
Martin Rick Living Trust
—
Deed Of Trust
related
$356,250 · Horizons Banks NA
—
—
Martin Rick Living Trust
—
Deed Of Trust
related
$50,000 · Horizons Banks NA
—
—
Martin,tr
—
Deed Of Trust
related
$515,400 · Us Bank 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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