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Property profile & analytics
OFF-MARKET
Estimated value
$6,095,000
Distribution centers
5635 Franklin St Denver, CO 80216-1514
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0328404
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Total area
30,000 SF
Lot
2.22 ac (96,703 SF)
APN
R0130283
UPID
US13-0328404
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
-
Crowder Supply Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.84M
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$5.96M
Blend (final)
Blend
$6.10M
Owner & transaction history
Franklin Industial LLC · 2 yrs held
Franklin Industial LLC
since 2023
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.7M
+95.3%
Retail stores
$9.7M
+93.5%
Medical building
$9.1M
+82.7%
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
$5,885,000
ML approach
$5,840,000
CAP Approach
CAP Return
Estimation
6%
$5,165,000
6.5%
$4,770,000
7%
$4,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,985,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,735,000
Change: +95% · Conversion: Moderate
RETAIL STORES
$9,650,000
Change: +93% · Conversion: Moderate
MEDICAL BUILDING
$9,110,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$7,675,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,275,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$6.10M
Range $5.49M – $6.70M · ±10% · vs last sale $7.05M (Dec 14 2023)
Last sale anchor
$7.05M
Dec 14 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
$203 / 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
$163,576
Tax year 2023
Assessed value
$1,517,260
Assessed 2023
Previous assessed
$1,016,540
+49.3% YoY
Effective rate
10.78%
On assessed value
Assessed land
$161,880
Assessed improvement
$1,355,380
Land market value
$580,219
Improvement market value
$4,857,981
Total market value
$5,438,200
Applied tax rate
85.0000
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
2001
Heating
RADIANT
Stories
1
Total area
30,000 SF
Lot
2.22 ac (96,703 SF)
APN
R0130283
UPID
US13-0328404
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
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
RETAIL STORES
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$9.1M
OFFICE BUILDING
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2001
Heating
RADIANT
Stories
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Franklin Industial LLC
Entity
Mailing address
2690 MARION WAY, WESTMINSTER, CO 80023-8702
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
$7,050,000
Franklin Industial LLC
J Street I LLC
Special Warranty Deed
$5,495,250 · Sunflower Bank NA
Dec 14, 2023
—
Franklin Industrial LLC
—
Deed
related
$1,895,554 · Sunflower Bank NA
May 9, 2023
—
J Street I Limited Liability Compan
P Street II LLC
Quit Claim Deed
related
—
Apr 15, 2022
$5,325,000
P Street II LLC
Harbert Enterprises LLC
Special Warranty Deed
$3,800,000 · Collegiate Peaks Bank
Aug 6, 2020
—
Harbert Ents LLC
—
Deed
related
$2,700,000 · Adams Bk&tr
Mar 19, 2019
—
Harbert Ents LLC
—
Deed
related
$375,000 · Adams Bk&tr
Jan 4, 2019
—
Harbert Ents LLC
—
Deed
related
$2,250,000 · Adams Bk&tr
May 17, 2016
—
Harbert Ents LLC
—
Deed
related
$100,000 · Adams Bk&tr
Jan 8, 2003
—
Harbert Enterprises LLC
Harbert,steven L & Carla L
Quit Claim Deed
related
$777,000 · Front Range Regional Econ Dev
Dec 19, 2000
$232,000
Steven L Harbert
Straface,james J
Grant Deed
$1,352,475 · Guaranty Bank & Trust Co
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$1,640,000 · Adams Bank & Trust
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$100,000 · Adams Bank & Trust
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$2,700,000 · Adams Bk&tr
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$100,000 · Adams Bk&tr
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$878,362 · Key Bank & Trust
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$47,911 · Key Bank & Trust
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$375,000 · Adams Bk&tr
—
—
Harbert Ents LLC
—
Deed Of Trust
related
$2,250,000 · Adams Bk&tr
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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