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Property profile & analytics
OFF-MARKET
Estimated value
$8,500,000
Warehouses
6281 Racine Cir 1 Centennial, CO 80111-6444
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1311777
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
40,000 SF
Lot
6.16 ac (268,330 SF)
Zoning code
AMU
APN
2075-24-2-06-001
UPID
US13-1311777
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.50M
CAP Approach
CAP
$5.71M
Comparable Approach
Comparable
$7.43M
Blend (final)
Blend
$8.50M
Owner & transaction history
Nexgen Racine Holdings LLC · 1 yrs held
Nexgen Racine Holdings LLC
since 2024
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
AMU · Centennial, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.0M
+102.1%
Commercial (general)
$12.9M
+101.5%
Retail stores
$12.9M
+100.2%
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 Centennial submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centennial 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
$8,500,000
ML approach
$8,500,000
CAP Approach
CAP Return
Estimation
6%
$6,180,000
6.5%
$5,705,000
7%
$5,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,980,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,945,000
Change: +102% · Conversion: Difficult
RETAIL STORES
$12,865,000
Change: +100% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$12,435,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$12,145,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$8.50M
Range $7.65M – $9.35M · ±10% · vs last sale $8.50M (Sep 17 2024)
Last sale anchor
$8.50M
Sep 17 2024
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
$213 / 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
$174,282
Tax year 2023
Assessed value
$1,942,398
Assessed 2023
Previous assessed
$1,942,398
+0.0% YoY
Effective rate
8.97%
On assessed value
Land market value
$1,476,876
Improvement market value
$5,515,124
Total market value
$6,992,000
Applied tax rate
1,412.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
40,000 SF
Lot
6.16 ac (268,330 SF)
Zoning code
AMU
APN
2075-24-2-06-001
UPID
US13-1311777
Jurisdiction
ARAPAHOE
Zoning & alternative use
AMU · Centennial, CO
Zoning AMU · permitted uses
AMU · Centennial, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Centennial. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.4M
MEDICAL BUILDING
Est. value
$12.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2019
Heating
NONE
Stories
1
Lot
6.16 ac
Current owner
From public records · entity-resolved
Nexgen Racine Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5290 S DTC PKWY STE #100, GREENWOOD VILLAGE, CO 80111-2721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
$8,500,000
Nexgen Racine Holdings LLC
South Racine Industrial Park One Ll
Special Warranty Deed
—
Sep 11, 2020
—
South Racine Industrial Park One Ll
—
Deed
related
$740,000 · Tbk Bank Ssb
Aug 2, 2018
—
South Racine Indl Pk One LLC
—
Deed
related
$116,253 · Tbk Bk Ssb
Aug 1, 2018
—
South Racine Indl Pk One LLC
—
Deed
related
$39,515 · Tbk Bk Ssb
May 11, 2018
—
South Racine Indl Pk One LLC
—
Deed Of Trust
related
$4,095,000 · Tbk Bk Ssb
Nov 30, 2017
—
Smith & Smith Prop Ventures Ll
—
Deed
related
$472,843 · Valley Bk
—
—
Smith & Smith Prop Ventures Ll
—
Deed Of Trust
related
$472,843 · Valley Bk
—
—
South Racine Indl Pk One LLC
—
Deed Of Trust
related
$47,937 · Tbk Bk Ssb
—
—
South Racine Indl Pk One LLC
—
Deed Of Trust
related
$116,253 · Tbk Bk Ssb
—
—
South Racine Indl Pk One LLC
—
Deed Of Trust
related
$39,515 · Tbk Bk Ssb
—
—
Smith & Smith Prop Ventures Ll
—
Deed Of Trust
related
$47,937 · Tbk Bk Ssb
—
—
Smith & Smith Prop Ventures Ll
—
Deed Of Trust
related
$85,083 · Tbk Bk Ssb
—
—
South Racine Indl L Pk One Ll
—
Loan Modification
related
—
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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