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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Warehouses
481 Arthur Ave Louisville, CO 80027-3013
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US13-2591916
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
TILT-UP CONCRETE
Total area
10,992 SF
Lot
0.92 ac (40,162 SF)
Zoning code
3135
APN
1575-16-0-02-003
UPID
US13-2591916
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
$1.34M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.38M
Owner & transaction history
Voigt,michael · 14 yrs held
Voigt,michael
since 2012
7 recorded transactions
Zoning & alternative use
3135 · Louisville, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Industrial (general)
$2.3M
+27.1%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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%
$1,450,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,800,000
Current use
INDUSTRIAL (GENERAL)
$2,285,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$125 / 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
$67,458
Tax year 2023
Assessed value
$758,601
Assessed 2023
Previous assessed
$352,060
+115.5% YoY
Effective rate
8.89%
On assessed value
Assessed land
$288,207
Assessed improvement
$470,394
Land market value
$1,033,000
Improvement market value
$1,686,000
Total market value
$2,719,000
Applied tax rate
96.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
10,992 SF
Lot
0.92 ac (40,162 SF)
Zoning code
3135
APN
1575-16-0-02-003
UPID
US13-2591916
Jurisdiction
BOULDER
Zoning & alternative use
3135 · Louisville, COZoning 3135 · permitted uses
3135 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE Current
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
1996
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Voigt,michael
Individual
Mailing address
12513 COTTONWOOD LN, SPRINGFIELD, NE 68059-5181
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2016
—
Michael Voigt
—
Deed
related
$380,000 · Tabitha A Ortega-hilton
May 9, 2012
$900,000
Voigt,michael
Larry B Henderson
Warranty Deed
$810,000 · Larry B Henderson
Dec 28, 2010
—
Larry B Henderson
Vine Branch LLC
Deed In Lieu Of Foreclosure
related
—
Feb 22, 2008
$900,000
Vine Branch LLC
Henderson,larry B
Warranty Deed
$825,000 · Larry B Henderson
May 13, 2005
—
Larry B Henderson
—
Trustees Deed
related
$150,000 · Gateway Community Bank
Apr 11, 2005
—
Larry B Henderson
—
Trustees Deed
related
$527,125 · Gateway Community Bank
—
—
Michael Voigt
—
Deed Of Trust
related
$380,000 · Tabitha A Ortega-hilton
—
—
Larry B Henderson
—
Deed Of Trust
related
$400,000 · Pinnacle Bank
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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