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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Grocery and convenience stores
422 32nd Rd Clifton, CO 81520-9509
Entity Owned
17-yr Hold
Free & Clear
Property ID
US13-0851809
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1982
Construction
STEEL FRAME
Total area
5,840 SF
Lot
1.15 ac (50,094 SF)
Zoning code
B-2
APN
2943-143-52-003
UPID
US13-0851809
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
-
C & F Food Stores Grocery & Convenience Store
-
ATM Atm
-
LA PASADITA MARKET LLC Big Box & Wholesale Store Food Market
-
Sinclair Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Riverwood Business Park LLC · 17 yrs held
Riverwood Business Park LLC
since 2009
3 recorded transactions
Zoning & alternative use
B-2 · Clifton, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$880,000
+183.6%
Auto repair, garage
$790,000
+154.0%
Restaurant
$635,000
+104.0%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$880,000
Change: +184% · Conversion: Easy
AUTO REPAIR, GARAGE
$790,000
Change: +154% · Conversion: Difficult
RESTAURANT
$635,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$153 / 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
$20,217
Tax year 2023
Assessed value
$271,940
Assessed 2023
Previous assessed
$182,040
+49.4% YoY
Effective rate
7.43%
On assessed value
Assessed land
$75,470
Assessed improvement
$196,470
Land market value
$270,510
Improvement market value
$704,190
Total market value
$974,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
10
Bathrooms
1
Total area
5,840 SF
Lot
1.15 ac (50,094 SF)
Zoning code
B-2
APN
2943-143-52-003
UPID
US13-0851809
Jurisdiction
MESA
Zoning & alternative use
B-2 · Clifton, COZoning 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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RESTAURANT
Est. value
$635,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1982
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
10
Bathrooms
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Riverwood Business Park LLC
Entity
Free & Clear · 17 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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2009
—
Riverwood Business Park LLC
Lamicq,john JR
Grant Deed
—
May 14, 2008
$221,000
Ronald D Vincent
Westwood Rental LLC
Grant Deed
—
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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