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Property profile & analytics
OFF-MARKET
Estimated value
$3,640,000
Industrial properties
475 115th Ave Northglenn, CO 80234-3093
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0970612
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1984
Total area
19,534 SF
Lot
5.76 ac (250,775 SF)
APN
R0030050
UPID
US13-0970612
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.64M
Owner & transaction history
46th Avenue LLC · 6 yrs held
46th Avenue LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.9M
+65.9%
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 Northglenn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northglenn 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%
$2,765,000
6.5%
$2,550,000
7%
$2,370,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,575,000
Current use
MEDICAL BUILDING
$5,930,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±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
$186 / 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
$331,319
Tax year 2023
Assessed value
$2,623,270
Assessed 2023
Previous assessed
$2,707,710
-3.1% YoY
Effective rate
12.63%
On assessed value
Assessed land
$769,680
Assessed improvement
$1,853,590
Land market value
$2,758,712
Improvement market value
$6,643,688
Total market value
$9,402,400
Applied tax rate
134.0000
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 PARK
Status
Off-Market
Year built
1984
Heating
SPACE
Buildings
4
Stories
1
Total area
19,534 SF
Lot
5.76 ac (250,775 SF)
APN
R0030050
UPID
US13-0970612
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
1984
Heating
SPACE
Stories
1
Buildings
4
Lot
5.76 ac
Current owner
From public records · entity-resolved
46th Avenue LLC
Entity
Mailing address
1805 S BELLAIRE ST STE #400, DENVER, CO 80222-4321
Ownership since
2019
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
Oct 11, 2019
$11,000,000
46th Avenue LLC
Cedarbridge Apartments LLC
Grant Deed
$7,200,000 · Miscellaneous Ins Co
May 1, 2018
$407,500
12th Street Group LLC
Cedarbridge Apartments LLC
Grant Deed
—
May 12, 2015
$7,530,000
Cedarbridge Apartments LLC
Eaglecreek Associates V
Grant Deed
$5,271,000 · Bellco Cu
—
—
Denver Props Huron Land Ltd
—
Deed Of Trust
related
$1,670,000 · Minnesota Life Insurance Co
—
—
Denver Props Huron Land Ltd
—
Deed Of Trust
related
$1,000,000 · Minnesota Life Insurance Co
—
—
Denver Props Huron Land Ltd
—
Deed Of Trust
related
$1,875,000 · Minnesota Life Insurance Co
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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