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Property profile & analytics
OFF-MARKET
Turn key restaurants
516 Main St Longmont, CO 80501-5537
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1258186
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1933
Construction
BRICK
Total area
5,085 SF
Lot
0.14 ac (6,186 SF)
Zoning code
1112
APN
1315-03-1-22-007
UPID
US13-1258186
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
-
CORE2 BUSINESS CONSULTING Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lr Properties LLC · 2 yrs held
Lr Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
1112 · Longmont, CO
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,971
Tax year 2023
Assessed value
$177,667
Assessed 2023
Previous assessed
$157,847
+12.6% YoY
Effective rate
10.11%
On assessed value
Assessed land
$54,684
Assessed improvement
$122,983
Land market value
$196,000
Improvement market value
$440,800
Total market value
$636,800
Applied tax rate
1,017.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1933
Construction
BRICK
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Rooms
3
Bathrooms
1
Total area
5,085 SF
Lot
0.14 ac (6,186 SF)
Zoning code
1112
APN
1315-03-1-22-007
UPID
US13-1258186
Jurisdiction
BOULDER
Zoning & alternative use
1112 · Longmont, CO
Zoning 1112 · permitted uses
1112 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1933
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Lr Properties LLC
Entity
Mailing address
31 NICKLEBY DOWN, BRENTWOOD, TN 37027-7624
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2026
—
Lr Properties LLC
—
Deed
related
$467,988
Jan 23, 2024
—
Lr Properties LLC
Lr Properties LLC
Quit Claim Deed
related
$300,000 · High Country Bank
May 27, 2020
—
Lr Properties LLC
Lr Properties LLC
Quit Claim Deed
related
—
Nov 22, 2011
—
Lr Properties LLC
Laul,jagdish C
Quit Claim Deed
related
$320,000 · Us Bank NA
Oct 10, 2005
$110,000
Jagdish C Laul
Rallapalli,murthy
Quit Claim Deed
related
—
Jun 23, 2005
—
Laul Jagdish C Trust
Laul,jagdish C
Quit Claim Deed
related
—
Oct 4, 2004
$70,000
Murthy Rallapalli
Singh,surinder
Quit Claim Deed
related
—
May 29, 2002
$315,000
Murthy|singh Surinder Rallapalli
Salvation Army
Warranty Deed
related
$65,000 · Bank One/co
May 20, 2002
$315,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
$65,000 · Bank One/co
—
—
Murthy Rallapalli
—
Deed Of Trust
related
$410,000 · Vectra Bank Colorado NA
—
—
Lr Properties LLC
—
Deed Of Trust
related
$400,000 · Us Bank NA
—
—
Murthy Rallapalli
—
Deed Of Trust
related
$225,000 · Vectra Bank Colorado NA
—
—
516mainstreet LLC
—
Deed Of Trust
related
$150,000 · Bank One Colorado
—
—
Jagdish C Laul
—
Deed Of Trust
related
$25,000 · Vectra Bank Colorado NA
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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