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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Residential income homes
5365 3rd Pl Lakewood, CO 80226-1956
Entity Owned
4-yr Hold
Property ID
US13-0009711
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1961
Construction
STEEL FRAME
Total area
2,988 SF
Lot
0.18 ac (7,793 SF)
APN
49-121-10-012
UPID
US13-0009711
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
$540k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$655k
Owner & transaction history
5365 W 3rd Place LLC · 4 yrs held
5365 W 3rd Place LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$970,000
+4.4%
Retail stores
$960,000
+3.5%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$555,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$930,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Feb 22 2021)
Last sale anchor
$650k
Feb 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
$219 / 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
$4,602
Tax year 2023
Assessed value
$47,353
Assessed 2023
Previous assessed
$47,353
+0.0% YoY
Effective rate
9.72%
On assessed value
Assessed land
$10,443
Assessed improvement
$36,910
Land market value
$155,860
Improvement market value
$605,900
Total market value
$761,760
Applied tax rate
7,005.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Units
4
Rooms
4
Total area
2,988 SF
Lot
0.18 ac (7,793 SF)
APN
49-121-10-012
UPID
US13-0009711
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
RETAIL STORES
Est. value
$960,000
MEDICAL BUILDING
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL 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
1961
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Units
4
Rooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
5365 W 3rd Place LLC
Entity
Mailing address
2886 HILLTOP CT, BROOMFIELD, CO 80023-8001
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
—
5365 W 3rd Place LLC
Gerard Robert Shulman
Correction Deed
related
—
Feb 22, 2021
—
5365 West 3rd Place LLC
Gerard Robert Shulman
Quit Claim Deed
related
—
Apr 2, 2019
—
5365 W 3rd Place LLC
Shulman,susan N & Gerard R
Quit Claim Deed
related
—
Feb 19, 2019
$650,000
Susan Noreen Shulman
Lakewood Housing Ventures LLC
Warranty Deed
$487,500 · Fairway Independent Mortgage Corp
Jun 3, 2013
—
Lakewood Housing Ventures LLC
Meister,eric
Quit Claim Deed
related
—
Mar 11, 2013
$280,000
Eric Meister
Gregg Preston
Warranty Deed
$196,000 · Land-home Financial Services
Feb 6, 2007
—
Greg Preston
Owner,record
Quit Claim Deed
related
—
Jan 26, 2007
—
Greg Preston
Hewette J Stone
Quit Claim Deed
related
$279,500 · Eagle Home Mortgage LLC
Oct 13, 2004
$285,000
Greg Preston
Nuncio,richard JR & Irma
Warranty Deed
$228,000 · Fieldstone Mortgage Co
Oct 8, 1998
$255,000
Richard Nuncio
Danna,marc A & Jodi L
Grant Deed
$203,000 · Norwest Mortgage INC
Aug 7, 1998
$198,000
Marc A Danna
Emeralds Rough Cut LLC
Grant Deed
$178,200 · Flagstar Bank Fsb
—
—
Lakewood Housing Ventures LLC
—
Deed Of Trust
related
$313,500 · Firstbank
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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