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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office Spaces
5400 Ward Rd 2 Arvada, CO 80002-1819
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0288646
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Construction
STEEL FRAME
Total area
6,754 SF
Lot
0.12 ac (5,105 SF)
APN
39-171-05-072
UPID
US13-0288646
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
-
Staffing Source Employment Agency
-
Adam J. Schwab DDS, PLLC Dental Office
-
Cara Garland MA, LPC Counselor
-
Krista Abate Foster Care Service Social Service Agency
-
Soul and Body Meditation: Intuitive Readings, Neurosculpting ®, Distance Energy Healing, Natural Force Healing ® EFT® Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.45M
Owner & transaction history
Lakeside Partners LLC · 1 yrs held
Lakeside Partners LLC
since 2024
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 Arvada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arvada 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%
$1,645,000
6.5%
$1,515,000
7%
$1,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,325,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,010,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$215 / 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
$34,540
Tax year 2023
Assessed value
$349,660
Assessed 2023
Previous assessed
$349,660
+0.0% YoY
Effective rate
9.88%
On assessed value
Assessed improvement
$349,660
Improvement market value
$1,283,260
Total market value
$1,283,260
Applied tax rate
1,009.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
6,754 SF
Lot
0.12 ac (5,105 SF)
APN
39-171-05-072
UPID
US13-0288646
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
OFFICE BUILDING Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lakeside Partners LLC
Entity
Mailing address
4967 STUART ST, DENVER, CO 80212-2923
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
—
Lakeside Partners LLC
Kerry J Foreman
Quit Claim Deed
related
—
Feb 29, 2024
—
Lakeside Partners LLC
—
Deed
related
$150,000 · Zing Cu
Oct 12, 2023
—
Lakeside Partners LLC
Kerry Joan Eman
Beneficiary Deed
—
May 31, 2023
$1,330,000
Lakeside Partners LLC
Viking Real Estate Investments LLC
Special Warranty Deed
$400,000 · Zing Cu
Feb 19, 2013
$600,000
Viking Real Estate Investments LLC
Ralston Ridge Development Company L
Warranty Deed
$684,250 · First Citizens Bank & Trust Co
Oct 18, 2005
—
Ralston Ridge Development Co LLC
Joel O Palmer
Warranty Deed
$371,390 · Colorado Business Bank
Apr 16, 2004
—
Ralston Ridge Development Co
Palmer,joel O & Linda L
Grant Deed
related
—
Aug 25, 1999
$555,700
Joel O Palmer
Indian Creek Canyon Dev Co
Grant Deed
—
May 5, 1999
$557,000
Indian Creek Development Co
Synstelien,donovan
Grant Deed
$301,500 · Colorado Business Bank NA
—
—
Ralston Ridge Dev Co LLC
—
Deed Of Trust
related
$283,146 · Wells Fargo Bank
—
—
Joel O Palmer
—
Deed Of Trust
related
$100,000 · Colorado Business Bank NA
—
—
Joel O Palmer
—
Deed Of Trust
related
$200,000 · Colorado Business Bank 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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