4251 104th Ave Thornton, CO 80233-4443
Entity Owned
1-yr Hold
~
Est. High Equity
Estimated value (blended)
$495k
Range $446k – $545k (±10%)
Property ID
US13-1297683
Property summary
AI-generated overview
This exceptional 6,600 square foot retail storefront, located at 4251 E 104th Ave in Thornton, Colorado (zip code 80233), presents a compelling investment opportunity. Built in 2007 on a one-acre lot, this property boasts excellent street visibility and is currently 100% occupied by a single tenant under an expiring lease. Originally designed as a four-unit strip center anchored by Starbucks, including a drive-thru, the property offers significant flexibility for the new owner. The existing tenant is open to negotiating a new 10-year lease at a 6% capitalization rate based on the asking price of $1,850,000. Alternatively, the property can be subdivided back into its original four-unit configuration, potentially increasing rental income by leveraging the existing drive-thru and the presence of neighboring national retailers. This Adams County location offers strong growth potential and presents a unique chance to capitalize on either a long-term lease or a repositioning strategy. The property's 2007 construction ensures relatively modern amenities.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
6,600 SF
Lot
1.11 ac (48,439 SF)
APN
R0173581
UPID
US13-1297683
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$495k
Owner & transaction history
since 2025
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$2.3M
+19.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$495k
Value range
$446k – $545k
±10% around blend
Estimated value / SF
$75 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
$446k
blend $495k
$545k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,600 SF
Lot area
1.11 ac
Year built
2007
Stories
1
APN
R0173581
Assessed value
$550,440
Annual tax
$59,631
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.51M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.63M
@ 6.5% CAP return
$1.51M
@ 7% CAP return
$1.40M
4
Sales comparison
Partial preview
Sales approach indication
$1.53M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.9 mi away · 5,084 SF
8.3 mi away · 7,950 SF
9.4 mi away · 4,940 SF
10.2 mi away · 5,692 SF
10.5 mi away · 6,831 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$495k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 113 sales
$294
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $75/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+19%
vs current-use indication
Retail Stores · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.70M
Move the market yield to see immediate price impact.
Value / SF
$258
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$107k
$2.14M
$1.53M
$1.19M
$119k
$2.38M
$1.70M
$1.32M
$131k
$2.62M
$1.87M
$1.45M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.40M
2.3 mi · Feb 2026 · $173/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,631
Tax year 2023
Assessed value
$550,440
Assessed 2023
Previous assessed
$605,130
-9.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$155,340
Assessed improvement
$395,100
Land market value
$556,773
Improvement market value
$1,383,227
Total market value
$1,940,000
Applied tax rate
180.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2007
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,600 SF
Lot
1.11 ac (48,439 SF)
APN
R0173581
UPID
US13-1297683
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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