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Property profile & analytics
OFF-MARKET
Estimated value
$6,090,000
Warehouses
5300 Sterling Dr Boulder, CO 80301
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-0595547
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Construction
CONCRETE BLOCKS
Total area
20,832 SF
Lot
1.5 ac (65,427 SF)
Zoning code
2135
APN
1463-28-0-23-001
UPID
US13-0595547
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
$6.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$6.09M
Owner & transaction history
Tfg 5300 Sterling Drive Property Ll · 5 yrs held
Tfg 5300 Sterling Drive Property Ll
since 2021
Last sale
$5.9M
2 recorded transactions
Zoning & alternative use
2135 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.1M
+135.3%
Auto repair, garage
$9.7M
+125.2%
Office building
$9.2M
+114.0%
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
$6,325,000
ML approach
$6,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,305,000
Current use
RESTAURANT
$10,130,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,695,000
Change: +125% · Conversion: Easy
OFFICE BUILDING
$9,210,000
Change: +114% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,155,000
Change: +89% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,040,000
Change: +87% · Conversion: Easy
Blend value · Realmo final
$6.09M
Range $5.48M – $6.70M · ±10% · vs last sale $5.89M (Mar 22 2021)
Last sale anchor
$5.89M
Mar 22 2021
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
$292 / 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
$134,660
Tax year 2023
Assessed value
$1,567,673
Assessed 2023
Previous assessed
$927,420
+69.0% YoY
Effective rate
8.59%
On assessed value
Assessed land
$904,155
Assessed improvement
$663,518
Land market value
$3,240,700
Improvement market value
$2,378,200
Total market value
$5,618,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
20,832 SF
Lot
1.5 ac (65,427 SF)
Zoning code
2135
APN
1463-28-0-23-001
UPID
US13-0595547
Jurisdiction
BOULDER
Zoning & alternative use
2135 · Boulder, CO
Zoning 2135 · permitted uses
2135 · 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
WAREHOUSE, STORAGE Current
Est. value
$4.3M
RESTAURANT
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$9.7M
OFFICE BUILDING
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$8.0M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1982
Construction
CONCRETE BLOCKS
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Tfg 5300 Sterling Drive Property Ll
Entity
Free & Clear · 5 yrs held
Mailing address
60 STATE ST, BOSTON, MA 02109-1800
Ownership since
2021
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
Mar 22, 2021
$5,893,800
Tfg 5300 Sterling Drive Property Ll
Ivy 5300 Propertt LLC
Special Warranty Deed
—
Aug 26, 2019
$8,750,000
Ivy 5300 Property LLC
Mks Instruments INC
Special Warranty Deed
$8,710,961 · Independent Bank
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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