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Property profile & analytics
OFF-MARKET
Estimated value
$19,135,000
Apartment buildings
5085 136th Ave Broomfield, CO 80023-5701
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-0054916
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2009
Construction
WOOD
Total area
105,337 SF
Lot
4.71 ac (205,080 SF)
Zoning code
PUD
APN
157319334001
UPID
US13-0054916
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
$20.84M
Comparable Approach
Comparable
$22.05M
Blend (final)
Blend
$19.14M
Owner & transaction history
Ventas Highland Trail LLC · 12 yrs held
Ventas Highland Trail LLC
since 2013
2 recorded transactions
Zoning & alternative use
PUD · Broomfield, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Chapter 17-28 - PUD Planned Unit Development District 17-28-010 - Intent. It is intended that the PUD district be applied primarily on undeveloped land and that it be utilized to permit various land uses to develop in a compatible manner, to encourage innovations in design, and to meet the intent of the PUD as set forth in section 17-38-010 . It is further i…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
12,044.63 ac
Source
municipal code
Top alternative use upside
Office building
$29.3M
+11.6%
Commercial (general)
$29.1M
+10.9%
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 Broomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broomfield 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%
$22,570,000
6.5%
$20,835,000
7%
$19,345,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,240,000
Current use
OFFICE BUILDING
$29,280,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$29,095,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$23,855,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$19.14M
Range $17.22M – $21.05M · ±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
$182 / 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
$142,418
Tax year 2023
Assessed value
$1,356,040
Assessed 2024
Previous assessed
$1,203,600
+12.7% YoY
Effective rate
10.50%
On assessed value
Assessed land
$139,590
Assessed improvement
$1,216,450
Land market value
$2,063,460
Improvement market value
$17,981,540
Total market value
$20,045,000
Applied tax rate
145.0000
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
2009
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
3
Bathrooms
133
Total area
105,337 SF
Lot
4.71 ac (205,080 SF)
Zoning code
PUD
APN
157319334001
UPID
US13-0054916
Jurisdiction
BROOMFIELD
Zoning & alternative use
PUD · Broomfield, COZoning PUD · permitted uses
PUD · Broomfield, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Chapter 17-28 - PUD Planned Unit Development District 17-28-010 - Intent. It is intended that the PUD district be applied primarily on undeveloped land and that it be utilized to permit various land uses to develop in a compatible manner, to encourage innovations in design, and to meet the intent of the PUD as set forth in section 17-38-010 . It is further intended that detail plans will be developed in conformance with
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
12,044.63 ac
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$26.2M
OFFICE BUILDING
Est. value
$29.3M
COMMERCIAL (GENERAL)
Est. value
$29.1M
INDUSTRIAL (GENERAL)
Est. value
$23.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2009
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Bathrooms
133
Lot
4.71 ac
Current owner
From public records · entity-resolved
Ventas Highland Trail LLC
Entity
Mailing address
21001 N TATUM BLVD STE 1630-630, PHOENIX, AZ 85050-4242
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2013
$12,614,100
Ventas Highland Trail LLC
Broomfield Retirement Residenc
Grant Deed
—
Oct 25, 2007
—
Retirement Residenc Broomfield
Colson & Colson Const
Grant Deed
—
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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