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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Office buildings
601 Bowen St Longmont, CO 80501-7035
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0157456
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
BRICK
Total area
10,060 SF
Lot
1.03 ac (44,693 SF)
Zoning code
2120
APN
1315-09-0-22-001
UPID
US13-0157456
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
-
Murphy Construction Services, Inc. Construction Company General Contractor
-
Trailhead Accounting Solutions CPA, LLC Accounting Firm Tax Preparation
-
The Law Offices of Edward Smith LLC Law Firm
-
Transitions Chronic Care Medical Clinic
-
Somasphere: Intimacy & Sex Coaching Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.22M
Owner & transaction history
Cd 601 Bowen LLC · 4 yrs held
Cd 601 Bowen LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
2120 · Longmont, CO
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$2,475,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
$2,375,000
6.5%
$2,195,000
7%
$2,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,160,000
Current use
COMMERCIAL (GENERAL)
$2,775,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10% · vs last sale $1.99M (May 26 2022)
Last sale anchor
$1.99M
May 26 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
$221 / 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
$46,593
Tax year 2023
Assessed value
$502,200
Assessed 2023
Previous assessed
$351,248
+43.0% YoY
Effective rate
9.28%
On assessed value
Assessed land
$197,644
Assessed improvement
$304,556
Land market value
$708,400
Improvement market value
$1,091,600
Total market value
$1,800,000
Applied tax rate
680.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
10,060 SF
Lot
1.03 ac (44,693 SF)
Zoning code
2120
APN
1315-09-0-22-001
UPID
US13-0157456
Jurisdiction
BOULDER
Zoning & alternative use
2120 · Longmont, CO
Zoning 2120 · permitted uses
2120 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING Current
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
1968
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Cd 601 Bowen LLC
Entity
Mailing address
6525 GUNPARK DR #370249, BOULDER, CO 80301-3346
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$1,992,000
Cd 601 Bowen LLC
601 South Bowen LLC
Special Warranty Deed
$2,025,000 · First Western Trust Bank
Aug 13, 2019
—
601 South Bowen LLC
—
Deed
related
$865,000 · Firstbank
Nov 10, 2010
$1,350,000
601 South Bowen LLC
601 S Bowen Street Partnership
Warranty Deed
$703,168 · Firstbank
Jun 4, 2004
$220,000
Ki R Tribbett
Eckert,michael J & Marianne
Grant Deed
$154,000 · Great Western Guaranty INC
—
—
601 South Bowen LLC
—
Deed Of Trust
related
$703,168 · Firstbank NA
—
—
601 South Bowen LLC
—
Deed Of Trust
related
$865,000 · Firstbank
—
—
601 South Bowen LLC
—
Deed Of Trust
related
$567,000 · Colorado Lending Source Ltd
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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