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Property profile & analytics
OFF-MARKET
Estimated value
$17,815,000
Outlet malls
4777 Marketplace Dr Johnstown, CO 80534-4190
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0361759
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
STEEL FRAME
Total area
129,300 SF
Lot
27.79 ac (1,210,445 SF)
APN
85352-09-001
UPID
US13-0361759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.41M
Comparable Approach
Comparable
$14.44M
Blend (final)
Blend
$17.82M
Owner & transaction history
Co.bb&p LLC · 4 yrs held
Co.bb&p LLC
since 2021
Last sale
$19.8M
7 recorded transactions
Zoning & alternative use
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 Johnstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnstown 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
$17,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,855,000
6.5%
$17,405,000
7%
$16,160,000
Alternative Use
Use
Estimation
RETAIL STORES
$27,150,000
Current use
OFFICE BUILDING
$25,435,000
Change: -6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$23,020,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$17.82M
Range $16.03M – $19.60M · ±10% · vs last sale $19.80M (Dec 30 2021)
Last sale anchor
$19.80M
Dec 30 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
$138 / 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
$473,359
Tax year 2023
Assessed value
$4,882,500
Assessed 2023
Previous assessed
$4,882,500
+0.0% YoY
Effective rate
9.70%
On assessed value
Assessed land
$675,459
Assessed improvement
$4,207,041
Land market value
$2,421,000
Improvement market value
$15,079,000
Total market value
$17,500,000
Applied tax rate
2,808.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
129,300 SF
Lot
27.79 ac (1,210,445 SF)
APN
85352-09-001
UPID
US13-0361759
Jurisdiction
LARIMER
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
RETAIL STORES Current
Est. value
$27.2M
OFFICE BUILDING
Est. value
$25.4M
INDUSTRIAL (GENERAL)
Est. value
$23.0M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (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
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
27.79 ac
Current owner
From public records · entity-resolved
Co.bb&p LLC
Entity
Mailing address
10396 DUNSFORD DR, LONE TREE, CO 80124-9796
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$19,800,100
Co.bb&p LLC
Skitzo 1225 LLC
Special Warranty Deed
$10,871,865 · Waypoint Bank
Sep 1, 2020
$11,325,000
Skitzo 1225 LLC
6701 Marketplace Drive LLC
Grant Deed
—
Jun 21, 2011
—
Hari Sachanandani
—
Trustees Deed
related
$1,325,000 · Vectra Bank Colorado NA
Feb 23, 2005
$7,750,000
Sachanandani Hari
Great Colorado Market Place Ll
Grant Deed
$7,071,993 · Vectra Bk/co
—
—
6701 Marketplace Drive LLC
—
Loan Modification
related
$6,093,996 · Vectra Bk/co
—
—
Hari Sachanandani
—
Deed Of Trust
related
$200,000 · Vectra Bank Colorado NA
—
—
6701 Marketplace Drive LLC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
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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