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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Industrial properties
450 Courtney Way Lafayette, CO 80026-8878
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2499148
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Construction
CONCRETE BLOCKS
Total area
16,692 SF
Lot
1.94 ac (84,463 SF)
Zoning code
3115
APN
1575-10-1-24-001
UPID
US13-2499148
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
-
Boulder Nonlinear Systems, Inc Industrial Manufacturer Production Facility
-
Aspen Family Services Social Service Agency Charitable Organization
-
Matthews Family Plumbing Plumbing Service General Contractor
-
Ionex Parking Lot & Garage
-
Imagine Community and Employment Services Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
$4.79M
Blend (final)
Blend
$3.84M
Owner & transaction history
Big Sur Campgrounds INC · 4 yrs held
Big Sur Campgrounds INC
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
3115 · Lafayette, 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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
$3,760,000
ML approach
$3,795,000
CAP Approach
CAP Return
Estimation
6%
$3,370,000
6.5%
$3,115,000
7%
$2,890,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,555,000
Current use
COMMERCIAL (GENERAL)
$3,995,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $3.90M (Sep 22 2021)
Last sale anchor
$3.90M
Sep 22 2021
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
$230 / 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
$101,189
Tax year 2023
Assessed value
$1,161,839
Assessed 2023
Previous assessed
$644,808
+80.2% YoY
Effective rate
8.71%
On assessed value
Assessed land
$304,026
Assessed improvement
$857,813
Land market value
$1,089,700
Improvement market value
$3,074,600
Total market value
$4,164,300
Applied tax rate
110.0000
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
1998
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
16,692 SF
Lot
1.94 ac (84,463 SF)
Zoning code
3115
APN
1575-10-1-24-001
UPID
US13-2499148
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Lafayette, CO
Zoning 3115 · permitted uses
3115 · Lafayette, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
1998
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Big Sur Campgrounds INC
Entity
Mailing address
PO BOX 249, BIG SUR, CA 93920-0249
Ownership since
2021
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
Sep 22, 2021
$3,900,000
Big Sur Campgrounds INC
Cb 450 Courtney LLC
Special Warranty Deed
—
Sep 23, 2019
—
Cb 450 Courtney LLC
—
Deed
related
$2,375,000 · Citywide Banks
Jul 3, 2019
$2,900,000
Cb 450 Courtney LLC
450 Management Co LLC
Grant Deed
$2,175,000 · Corefirst Bk&tr
Jun 8, 2009
—
450 Management Co LLC
Williams,kenneth & Marsa
Quit Claim Deed
related
$602,000 · Front Range Regular Economic
Sep 17, 2008
$1,725,000
Kenneth Williams
Hickey & Hickey Holdings LLC
Grant Deed
$938,354 · First Community Bank
—
—
Kenneth B Williams
—
Deed Of Trust
related
—
—
—
450 Management Co LLC
—
Deed Of Trust
related
$1,400,000 · Guaranty Bank
—
—
Kenneth B Williams
—
Deed Of Trust
related
—
—
—
Kenneth B Williams
—
Deed Of Trust
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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