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Property profile & analytics
OFF-MARKET
Estimated value
$6,520,000
Manufacturing properties
5797 Central Ave Boulder, CO 80301-2848
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-1092956
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
TILT-UP CONCRETE
Total area
16,549 SF
Lot
1.85 ac (80,717 SF)
Zoning code
3115
APN
1463-27-0-09-002
UPID
US13-1092956
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
$6.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.25M
Blend (final)
Blend
$6.52M
Owner & transaction history
Bre Bmr Flatiron IV LLC · 4 yrs held
Bre Bmr Flatiron IV LLC
since 2022
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
3115 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
municipal code
Top alternative use upside
Restaurant
$8.0M
+26.0%
Auto repair, garage
$7.7M
+20.6%
Office building
$7.3M
+14.6%
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
$6,705,000
ML approach
$6,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,390,000
Current use
RESTAURANT
$8,045,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,705,000
Change: +21% · Conversion: Easy
OFFICE BUILDING
$7,320,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,480,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$6.52M
Range $5.87M – $7.17M · ±10% · vs last sale $6.40M (Apr 5 2022)
Last sale anchor
$6.40M
Apr 5 2022
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
$394 / 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
$115,519
Tax year 2023
Assessed value
$1,337,665
Assessed 2023
Previous assessed
$905,670
+47.7% YoY
Effective rate
8.64%
On assessed value
Assessed land
$466,655
Assessed improvement
$871,010
Land market value
$1,672,600
Improvement market value
$3,121,900
Total market value
$4,794,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
16,549 SF
Lot
1.85 ac (80,717 SF)
Zoning code
3115
APN
1463-27-0-09-002
UPID
US13-1092956
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Boulder, COZoning 3115 · permitted uses
3115 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.4M
RESTAURANT
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$6.5M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (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
1981
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Bre Bmr Flatiron IV LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2108 55TH ST STE #200, BOULDER, CO 80301-2948
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
—
Bre Bmr Flatiron IV LLC
—
Deed
related
—
Apr 5, 2022
$6,400,000
Bre Bmr Flatiron IV LLC
Grif Flatiron Business Park LLC
Special Warranty Deed
—
Jul 25, 2017
—
Gpif Flatiron Busn Park LLC
—
Loan Modification
related
$125,434,830 · Wells Fargo Bk
Apr 13, 2017
—
Gpif Flatiron Busn Park LLC
—
Grant Deed
related
$120,000,000 · Wells Fargo Bk
Mar 9, 2017
$2,975,000
Gpif Flatiron Busn Park LLC
Flatiron Investments LLC
Grant Deed
—
Nov 26, 2014
—
Flatiron Investments LLC
—
Loan Modification
related
$154,150,000 · General Elec Cap
Nov 1, 2011
$1,892,200
Flatiron Investments LP
2545 Central LLC
Grant Deed
—
—
—
Flatiron Investments LP
—
Deed Of Trust
related
$61,700,000 · General Elec Cap
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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