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Property profile & analytics
OFF-MARKET
Estimated value
$69,310,000
Apartment buildings
483 Scott Blvd Castle Rock, CO 80104-7569
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2745008
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1998
Construction
FRAME
Total area
24,375 SF
Lot
11.02 ac (480,205 SF)
APN
R0390542
UPID
US13-2745008
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
-
AboveWater Flooring Group General Contractor Carpet & Flooring Store
-
The Bluffs at Castle Rock Apartments Apartment Rental Agency Condominium Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$58.63M
Blend (final)
Blend
$69.31M
Owner & transaction history
Bluffs Owner LLC · 4 yrs held
Bluffs Owner LLC
since 2022
Last sale
$78.0M
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 Castle Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Rock 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
$62,610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$69.31M
Range $62.38M – $76.24M · ±10% · vs last sale $78.00M (Mar 31 2022)
Last sale anchor
$78.00M
Mar 31 2022
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
$2,843 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$265,857
Tax year 2021
Assessed value
$4,569,400
Assessed 2023
Previous assessed
$3,740,000
+22.2% YoY
Effective rate
5.82%
On assessed value
Assessed land
$193,040
Assessed improvement
$4,376,360
Land market value
$2,881,230
Improvement market value
$65,318,770
Total market value
$68,200,000
Applied tax rate
3,723.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
17
Stories
3
Total area
24,375 SF
Lot
11.02 ac (480,205 SF)
APN
R0390542
UPID
US13-2745008
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
17
Lot
11.02 ac
Current owner
From public records · entity-resolved
Bluffs Owner LLC
Entity
Mailing address
850 W BURTON RD STE STE STE, DOVER, DE 19904
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$78,000,000
Bluffs Owner LLC
Sp Rga Bluffs LP
Special Warranty Deed
$58,225,000 · Cred Reit Holdco LLC
Feb 1, 2018
$50,000,000
Sp & Rga Bluffs LP
Jsp Lantana LLC
Grant Deed
$37,500,000 · Grandbridge R/e Cap
Oct 6, 2015
$37,200,000
Jsp Lantana LLC
Lo Bluffs At Castle Rock LLC
Grant Deed
$27,520,000 · Cbre Multifamily Cap
Sep 12, 2014
—
Lo Bluffs At Castle Rock LLC
—
Grant Deed
related
$70,300,000 · Keybank USA
Aug 29, 2012
$22,600,000
Lo Bluffs At Castle Rock LLC
Wells Fargo Bk N 2007-c1
Grant Deed
—
Aug 28, 2012
—
Bluffs Of Castle Rock Colorado Ll
—
Deed Of Trust
related
$179,784,800 · Wells Fargo Bk N #2007-c1 (ce)
Nov 3, 2006
$16,824,704
Bluffs Of Castle Rock Colorado Ll
Scott Boulevard
Grant Deed
—
Nov 3, 2006
$3,975,296
Bluffs Of Castle Rock Colorado Ll
Jb2 LLC
Grant Deed
$179,784,800 · Column Financial INC
Nov 3, 2006
—
Jb2 LLC
Scott Boulevard
Grant Deed
—
Sep 29, 2004
—
Scott Boulevard
—
Deed Of Trust
related
$13,000,000 · Redwood Capital Finance Co LLC
—
—
Bluffs Of Castle Rock Colorado Ll
—
Deed Of Trust
related
$179,784,800 · Wells Fargo Bk N #2007-c1 (ce)
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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