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Property profile & analytics
OFF-MARKET
Estimated value
$10,610,000
Distribution centers
555 112th Ave Northglenn, CO 80234-3022
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0088564
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Total area
65,417 SF
Lot
8.58 ac (373,764 SF)
APN
R0151961
UPID
US13-0088564
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.07M
CAP Approach
CAP
$10.40M
Comparable Approach
Comparable
$7.56M
Blend (final)
Blend
$10.61M
Owner & transaction history
Northglenn Apartments LLC · 2 yrs held
Northglenn Apartments LLC
since 2023
Last sale
$11.0M
6 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 Northglenn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northglenn 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
$12,015,000
ML approach
$10,070,000
CAP Approach
CAP Return
Estimation
6%
$11,265,000
6.5%
$10,400,000
7%
$9,655,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,510,000
Current use
Blend value · Realmo final
$10.61M
Range $9.55M – $11.67M · ±10% · vs last sale $10.99M (Aug 4 2023)
Last sale anchor
$10.99M
Aug 4 2023
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
$162 / 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
$208,040
Tax year 2023
Assessed value
$1,647,190
Assessed 2023
Previous assessed
$1,970,100
-16.4% YoY
Effective rate
12.63%
On assessed value
Assessed land
$248,190
Assessed improvement
$1,399,000
Land market value
$889,558
Improvement market value
$5,014,342
Total market value
$5,903,900
Applied tax rate
134.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Heating
YES
Cooling
YES
Stories
1
Total area
65,417 SF
Lot
8.58 ac (373,764 SF)
APN
R0151961
UPID
US13-0088564
Jurisdiction
ADAMS
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
WAREHOUSE, STORAGE Current
Est. value
$10.5M
WAREHOUSE, STORAGE Current
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
1997
Heating
YES
Cooling
Yes
Stories
1
Lot
8.58 ac
Current owner
From public records · entity-resolved
Northglenn Apartments LLC
Entity
Mailing address
2420 17TH ST #500, DENVER, CO 80202-2507
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
$10,988,100
Northglenn Apartments LLC
North Express LLC
Special Warranty Deed
$65,038,652 · Santander Bank NA
Apr 3, 2006
—
North Express LLC
One Green Eye LLC
Grant Deed
—
Nov 17, 2005
$6,850,000
One Green Eye LLC
Glenborough Properties
Grant Deed
—
—
—
Global Village Academy-northgl
—
Deed Of Trust
related
$1,585,000 · Charter Sch Dev Corp
—
—
North Express LLC
—
Loan Modification
related
$5,265,760 · First Nat'l Bk/denver
—
—
North Express LLC
—
Deed Of Trust
related
$3,500,000 · Mile High Bks
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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