Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    615 Main St Ste, Unit 1 Louisville, CO 80027-1894

    • Commercial real estate
    • 2,175 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    May 17, 2022
    $1,025,000
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    3.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US13-0647171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 615 Main St Ste

    Year built
    2003
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    2,175 SF
    Zone code
    2112
    Property type
    Commercial real estate
    APN
    1575-08-4-91-001
    APU
    157508491001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $930,000
      ML approach
      $955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $909,000
      Market price range: $500k - $909k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $730,000
      Current use
      AUTO REPAIR, GARAGE
      $925,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $790,000
      Change: +8% Conversion: Easy
      OFFICE BUILDING
      $605,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Boulder
    State
    Colorado
    Longitude
    -105.132
    Latitude
    39.9764
    CBSA code
    14500
    CBSA name
    BOULDER, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,703
    $0.00
    $220,047
    $220,047
    -
    $0.00
    $788,700
    $788,700

    Comparable in this City

    • Value Estimation
      $905,000
      6,983 SF

      820 Main St, Unit 2

      COMMERCIAL (GENERAL) • 6,983 SF
      820 Main St, Louisville, CO 80027-1865
      View Details
    • Value Estimation
      $5,110,000
      23,500 SF

      1200 Dillon Rd

      COMMERCIAL (GENERAL) • 23,500 SF
      1200 Dillon Rd, Louisville, CO 80027-9447
      View Details
    • Value Estimation
      $9,070,000
      39,306 SF

      300 Ctr Dr

      COMMERCIAL (GENERAL) • 39,306 SF
      300 Ctr Dr, Superior, CO 80027-8625
      View Details
    • Value Estimation by Request
      792 SF

      778 Baseline Rd

      Retail properties • 792 SF
      778 Baseline Rd, Superior, CO 80027
      View Details
    • Value Estimation by Request
      1.49 Acres

      88th And Campus Dr

      Land • 1.49 Acres
      88th And Campus Dr, Louisville, CO 80027
      View Details
    • Value Estimation
      $2,865,000
      10,080 SF

      1818 Centennial Dr

      COMMERCIAL (GENERAL) • 10,080 SF
      1818 Centennial Dr, Louisville, CO 80027-1374
      View Details

    Similar Nearby for Sale

    • $1,600,000
      33,655 SF

      Louisville Commercial Land Opportunity

      High-traffic location, build-to-suit potential.
      511 Boulder Rd, Louisville, CO 80027
      View Details
    • $1,600,000

      Louisville Commercial Land - High Visibility

      Prime Louisville land, build-to-suit options. High traffic retail area.
      511 South Boulder Rd, Louisville, CO 80027
      View Details
    • Contact for pricing

      Superior Commercial Land Pads

      Prime development pads near Flatiron Mall.
      2696 Eastview Way, Superior, CO 80027
      View Details
    • Contact for pricing
      1,958 SF

      Corner Lot Gas Station Opportunity

      Gas station with redevelopment potential in historic downtown Louisville.
      947 Pine St, Louisville, CO 80027
      View Details
    • Contact for pricing
      2,580 SF

      Established Liquor Store Business

      Liquor store business for sale in Village Square.
      645 South Boulder Rd, Louisville, CO 80027
      View Details
    • Contact for pricing
      40,211 SF

      Prime Louisville Retail Space

      High-traffic retail space, ample parking. Excellent location.
      535 Boulder Rd, Louisville, CO 80027
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      24,691 SF

      Louisville Creative Office Space

      Modern, functional workspace with mountain views.
      600 Pierce Ave, Louisville, CO 80027
      View Details
    • $17 SF/Yr
      3,086 SF

      Louisville Executive Office Suite

      Prime Louisville office, 3,086 sq ft.
      357 Mccaslin Blvd, Louisville, CO 80027
      View Details
    • $19 SF/Yr
      12,917 SF

      Louisville Medical Office Space

      12,917 SF, prime location, available Nov 1, 2024.
      325 South Boulder Rd, Louisville, CO 80027
      View Details
    • Contact for pricing
      2,657 SF

      McCaslin Blvd Retail Spaces Available

      Prime Louisville Retail, Multiple Sizes
      459 Mccaslin Blvd, Louisville, CO 80027
      View Details
    • Contact for pricing
      1,522 SF

      Mixed-Use Community Retail Opportunity

      Retail and restaurant spaces available in Westminster, Colorado.
      4301 Main St, Westminster, CO 80027
      View Details
    • $15 SF/Yr
      3,713 SF

      Colorado Tech Center Office Space

      Prime office space in Colorado Tech Center with upgraded finishes.
      331 S 104Th St, Louisville, CO 80027
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 Main St Ste, Unit 1
    Louisville, CO 80027-1894
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.