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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Distribution centers
6390 49th Dr Commerce City, CO 80022-4507
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0552318
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
13,000 SF
Lot
0.73 ac (31,799 SF)
APN
R0092695
UPID
US13-0552318
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
$1.90M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$2.01M
Owner & transaction history
Project Gates LLC · 1 yrs held
Project Gates LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+56.6%
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,065,000
7%
$1,920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,125,000
Current use
OFFICE BUILDING
$3,325,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10% · vs last sale $2.52M (Mar 1 2025)
Last sale anchor
$2.52M
Mar 1 2025
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
$154 / 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
$48,874
Tax year 2023
Assessed value
$543,770
Assessed 2023
Previous assessed
$543,770
+0.0% YoY
Effective rate
8.99%
On assessed value
Assessed land
$53,570
Assessed improvement
$490,200
Land market value
$192,000
Improvement market value
$1,757,000
Total market value
$1,949,000
Applied tax rate
251.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
13,000 SF
Lot
0.73 ac (31,799 SF)
APN
R0092695
UPID
US13-0552318
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE Current
OFFICE 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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Project Gates LLC
Entity
Mailing address
12404 E PARK CENTRAL DR STE 250S, DALLAS, TX 75251-1810
Mailing matches property
Yes
Owner-occupied
Yes
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
May 29, 2025
$2,515,317
Project Gates LLC
The Mcc Amigos LLC
Special Warranty Deed
$1,550,000 · Bokf NA
Aug 6, 2024
$1,900,000
The Mcc Amigos LLC
Nova Way Investments INC
Special Warranty Deed
$157,708 · Liberty National Bank
Aug 25, 2022
—
Nova Way Investments INC
—
Deed
related
$1,400,000 · Bank Of America NA
Feb 21, 2019
$1,800,000
Nova Way Investments INC
Klv Investments LLC
Warranty Deed
$1,440,000 · Umb Bank NA
Jul 7, 2014
$815,000
Klv Investments LLC
Maclean Power LLC
Grant Deed
—
Apr 30, 2012
$711,638
Maclean Power LLC
Foresight Products LLC
Warranty Deed
—
Sep 1, 2004
$836,000
Foresight Products LLC
Wccmac Real Estate LLC
Warranty Deed
$607,500 · Colorado Business Bank NA
May 20, 2002
$625,000
Wccmac Real Estates LLC
Big Ten LLC
Grant Deed
$600,000 · Premier Bank
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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