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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Retail space
5185 Kipling St Wheat Ridge, CO 80033-2303
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-2660703
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
10,136 SF
Lot
0.94 ac (41,000 SF)
APN
39-161-11-001
UPID
US13-2660703
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
$2.14M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.84M
Owner & transaction history
John Lots LLC · 9 yrs held
John Lots LLC
since 2016
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,315,000
6.5%
$2,135,000
7%
$1,980,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,325,000
Current use
OFFICE BUILDING
$2,280,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$107,671
Tax year 2023
Assessed value
$981,997
Assessed 2023
Previous assessed
$981,997
+0.0% YoY
Effective rate
10.96%
On assessed value
Assessed land
$268,817
Assessed improvement
$713,180
Land market value
$963,500
Improvement market value
$2,586,200
Total market value
$3,549,700
Applied tax rate
1,119.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
YES
Cooling
YES
Units
1
Total area
10,136 SF
Lot
0.94 ac (41,000 SF)
APN
39-161-11-001
UPID
US13-2660703
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
RETAIL STORES Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES Current
OFFICE BUILDING
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
2007
Heating
YES
Cooling
Yes
Units
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
John Lots LLC
Entity
Free & Clear · 9 yrs held
Mailing address
DENVER, CO 80236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2021
—
John Lots LLC
—
Deed
related
$1,325,000 · First Bank
Sep 9, 2016
—
John Lots LLC
Mclaughlin Michael S Trust
Grant Deed
related
—
Jul 28, 2016
—
Mclaughlin,michael S Living Trust
Mclaughlin Michael S Trust
Quit Claim Deed
related
—
Aug 14, 2014
—
Mclaughlin,michael S Living Trust
Hamilton Chase-arvada LLC
Grant Deed
related
—
Jul 25, 2014
—
Mclaughlin,michael S Living Trust
Hamilton Chase-arvada LLC
Grant Deed
$1,300,000 · Bank Of The West
Jul 11, 2008
$2,383,000
Hamilton Chase Arvada LLC
Team Retail Arvada Ltd
Special Warranty Deed
$1,191,500 · Central National Bank & Trust Co Of
Jul 3, 2007
—
Team Retail Arvada Ltd
Arvada Ridge Market Place LLC
Quit Claim Deed
$2,220,000 · Bank Of Oklahoma
May 17, 2007
—
Arvada Ridge Market Place LLC
Owner,record
Grant Deed
related
—
Jan 3, 2005
$7,109,800
Arvada Ridge Market Place LLC
Ridge Venture LLC
Grant Deed
related
$2,109,751 · Ridge Venture LLC
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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