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Property profile & analytics
OFF-MARKET
Estimated value
$15,665,000
Retail properties & Spaces
500 84th Ave Thornton, CO 80229-5309
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0950071
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1967
Total area
141,000 SF
Lot
7.94 ac (345,954 SF)
APN
R0058866
UPID
US13-0950071
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
$21.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.67M
Owner & transaction history
Nvt Associates LLC · 2 yrs held
Nvt Associates LLC
since 2024
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 Thornton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thornton 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%
$23,750,000
6.5%
$21,925,000
7%
$20,355,000
Blend value · Realmo final
$15.67M
Range $14.10M – $17.23M · ±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
$111 / 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
$381,298
Tax year 2023
Assessed value
$4,294,960
Assessed 2023
Previous assessed
$3,158,580
+36.0% YoY
Effective rate
8.88%
On assessed value
Assessed land
$675,650
Assessed improvement
$3,619,310
Land market value
$2,421,675
Improvement market value
$9,983,325
Total market value
$12,405,000
Applied tax rate
927.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1967
Heating
OTHER
Cooling
OTHER
Buildings
2
Stories
2
Total area
141,000 SF
Lot
7.94 ac (345,954 SF)
APN
R0058866
UPID
US13-0950071
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
Building & site characteristics
From public records
Year built
1967
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Lot
7.94 ac
Current owner
From public records · entity-resolved
Nvt Associates LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3773 E CHERRY CRK N DR STE #535, DENVER, CO 80209-3825
Ownership since
2024
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
Jan 3, 2024
—
Nvt Associates LLC
Barbara Metzel
Limited Warranty Deed
—
Feb 5, 2014
—
Drs Northview LLC
Herman Sheldon Grandchildrens
Quit Claim Deed
related
—
Jan 22, 2014
—
Madison,michael E 2011 Trust
Madison Ernest S
Quit Claim Deed
related
—
Jul 2, 2012
—
Madison Michael E 2011 Trust
Madison Ernest S
Quit Claim Deed
related
—
Apr 16, 2012
—
Des Northview LLC
Herman Sheldon Grandchildrens
Grant Deed
related
—
Dec 15, 2004
—
Ari-north Valley Tech Center L
—
Deed Of Trust
related
$19,000,000 · Greenwich Capital Fin'l INC
Jan 9, 2004
—
F & S Kaufman Family Ptshp Lllp
Kaufman,fred
Quit Claim Deed
related
—
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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