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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Specialty properties
611 Korte Way Longmont, CO 80501-6366
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0182909
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1996
Construction
CONCRETE BLOCKS
Total area
15,000 SF
Lot
1.23 ac (53,405 SF)
Zoning code
9176
APN
1315-09-0-53-002
UPID
US13-0182909
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Sopris Sunet LLC · 1 yrs held
Sopris Sunet LLC
since 2025
7 recorded transactions
Zoning & alternative use
9176 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$825,000
Current use
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$50 / 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
Assessed value
$852,010
Assessed 2023
Previous assessed
$564,111
+51.0% YoY
Assessed land
$188,492
Assessed improvement
$663,518
Land market value
$675,600
Improvement market value
$2,378,200
Total market value
$3,053,800
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1996
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
15,000 SF
Lot
1.23 ac (53,405 SF)
Zoning code
9176
APN
1315-09-0-53-002
UPID
US13-0182909
Jurisdiction
BOULDER
Zoning & alternative use
9176 · Longmont, CO
Zoning 9176 · permitted uses
9176 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$825,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS 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
1996
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Sopris Sunet LLC
Entity
Mailing address
611 KORTE WAY, LONGMONT, CO 80501-6366
Ownership since
2025
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
Apr 16, 2025
—
Tlc Learning Center INC
—
Deed
related
$10,000,000 · Adams Bank & Trust
Feb 3, 2025
—
Sopris Sunet LLC
Sunset Business Park LLC
Special Warranty Deed
$2,199,287 · First National Bank Of Omaha
Jul 29, 2020
—
Tlc Learning Center
—
Deed
related
$100,000 · Miscellaneous Govt Agcy
Jun 19, 2019
—
Tiny Tim Center INC
—
Deed
related
$100,000 · Miscellaneous Govt Agcy
Feb 4, 2005
$1,375,000
Tiny Tim Center INC
Shawnee Land Co LLC
Warranty Deed
—
Apr 14, 2003
—
Shawnee Land Co LLC
Frank Varra Childrens Trust
Grant Deed
related
—
—
—
Tiny Tim Center INC
—
Deed Of Trust
related
$100,000 · Miscellaneous Govt Agcy
—
—
Tlc Learning Center
—
Deed Of Trust
related
$100,000 · Miscellaneous Govt Agcy
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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