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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Medical Office Space
5250 Manhattan Cir Boulder, CO 80303-4258
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0885531
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
FRAME
Total area
3,384 SF
Lot
0.43 ac (18,687 SF)
Zoning code
2112
APN
1577-09-0-00-013
UPID
US13-0885531
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
-
Carmen Burke, DDS, Family Holistic Dentistry Dental Office
-
Dr. Alexis Brown Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$925k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Burke Holdings LLC · 4 yrs held
Burke Holdings LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
2112 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$900,000
+134.8%
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 Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder 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
$1,415,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$900,000
Change: +135% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Jun 27 2022)
Last sale anchor
$1.35M
Jun 27 2022
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
$400 / 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
$30,549
Tax year 2023
Assessed value
$362,114
Assessed 2023
Previous assessed
$391,500
-7.5% YoY
Effective rate
8.44%
On assessed value
Assessed land
$325,903
Assessed improvement
$36,211
Land market value
$1,168,110
Improvement market value
$129,790
Total market value
$1,297,900
Applied tax rate
10.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,384 SF
Lot
0.43 ac (18,687 SF)
Zoning code
2112
APN
1577-09-0-00-013
UPID
US13-0885531
Jurisdiction
BOULDER
Zoning & alternative use
2112 · Boulder, CO
Zoning 2112 · permitted uses
2112 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boulder. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$900,000
COMMERCIAL (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
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Burke Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5250 MANHATTAN CIR, BOULDER, CO 80303-4258
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
—
Burke Holdings LLC
Burke Holdings LLC
Intrafamily Transfer
related
—
Apr 23, 2020
$1,350,000
Burke Holdings LLC
2 Spite LLC
Special Warranty Deed
$2,175,000 · The Security National Bank Of Sioux City
Apr 23, 2019
—
2-spite LLC
—
Deed
related
$132,410 · Private Individual
Apr 22, 2019
—
2 Spite LLC
—
Deed
related
$750,000 · Alpine Bank
Oct 15, 2015
$710,000
2 Spite LLC
Tlim LLC
Warranty Deed
$995,000 · Hanmi Bank
Nov 7, 2011
$565,000
Tlim LLC
Meyer,terrance D
Warranty Deed
$422,000 · Bank Of The West
Mar 16, 2005
—
Terrance D Meyer
Meyer,ivan C
Quit Claim Deed
related
—
—
—
2-spite LLC
—
Deed Of Trust
related
$132,410 · Private Individual
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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