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Property profile & analytics
FOR LEASE
Life science properties
4894 Van Gordon St Wheat Ridge, CO 80033
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0124868
For Lease
1 / 2
$12.50 SF/Yr
4894 Van Gordon St, Wheat Ridge, CO 80033
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1996
Construction
STEEL FRAME
Total area
11,760 SF
Lot
0.96 ac (41,818 SF)
APN
39-174-08-024
UPID
US13-0124868
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
$3.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$3.16M
Owner & transaction history
Glenwood LLC · 5 yrs held
Glenwood LLC
since 2021
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+52.7%
Auto repair, garage
$4.7M
+49.6%
Neighborhood: shopping center
$3.8M
+21.2%
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 Wheat Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheat Ridge 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
$3,335,000
ML approach
$3,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$3,150,000
Current use
RESTAURANT
$4,810,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,710,000
Change: +50% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,815,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,805,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$3,570,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,565,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$2,700,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.00M (Apr 1 2021)
Last sale anchor
$3.00M
Apr 1 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
$269 / 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
$78,624
Tax year 2023
Assessed value
$856,028
Assessed 2023
Previous assessed
$856,028
+0.0% YoY
Effective rate
9.18%
On assessed value
Assessed land
$58,336
Assessed improvement
$797,692
Land market value
$209,090
Improvement market value
$2,889,110
Total market value
$3,098,200
Applied tax rate
3,201.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1996
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
3
Total area
11,760 SF
Lot
0.96 ac (41,818 SF)
APN
39-174-08-024
UPID
US13-0124868
Jurisdiction
JEFFERSON
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
RETAIL STORES
Est. value
$2.7M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
STEEL FRAME
Heating
SPACE
Stories
3
Buildings
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Glenwood LLC
Entity
Mailing address
3434 47TH ST STE #220, BOULDER, CO 80301-1817
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
$3,000,000
Glenwood LLC
Patrick & Sarah Smith LLC
Special Warranty Deed
$1,950,000 · Independent Bank
Nov 28, 2017
—
Patrick & Sarah Smith LLC
—
Deed
related
$780,000 · Wells Fargo Bank NA
Dec 30, 2004
$1,175,000
Patrick & Sarah Smith LLC
Selden Patrick Properties LLC
Warranty Deed
related
$1,058,000 · Premier Bank
—
—
Patrick & Sarah Smith LLC
—
Deed Of Trust
related
$1,024,000 · Premier Bank
—
—
Patrick & Sarah Smith LLC
—
Deed Of Trust
related
$80,000 · Premier 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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