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Property profile & analytics
FOR LEASE
Office Spaces
640 Plaza Dr Highlands Ranch, CO 80129
Entity Owned
~
Est. High Equity
Property ID
US13-0862192
For Lease
1 / 2
$21,525,000
640 Plaza Dr, Highlands Ranch, CO 80129
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Total area
84,043 SF
Lot
5.18 ac (225,815 SF)
APN
R0423404
UPID
US13-0862192
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
$16.16M
Comparable Approach
Comparable
$19.94M
Blend (final)
Blend
$21.53M
Owner & transaction history
Highlands Ranch 640 Mp Rk7 LLC
Highlands Ranch 640 Mp Rk7 LLC
since 2025
Last sale
$25.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$31.5M
+15.3%
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 Highlands Ranch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highlands Ranch 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%
$17,500,000
6.5%
$16,155,000
7%
$15,000,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$27,320,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$31,510,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$24,970,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$21.53M
Range $19.37M – $23.68M · ±10% · vs last sale $25.00M (May 6 2025)
Last sale anchor
$25.00M
May 6 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
$256 / 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
$334,527
Tax year 2023
Assessed value
$3,564,100
Assessed 2023
Previous assessed
$3,254,010
+9.5% YoY
Effective rate
9.39%
On assessed value
Assessed land
$756,030
Assessed improvement
$2,808,070
Land market value
$2,709,780
Improvement market value
$10,064,756
Total market value
$12,774,536
Applied tax rate
3,602.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2001
Heating
ZONE
Cooling
YES
Stories
3
Units
1
Total area
84,043 SF
Lot
5.18 ac (225,815 SF)
APN
R0423404
UPID
US13-0862192
Jurisdiction
DOUGLAS
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
COMMERCIAL (GENERAL) Current
Est. value
$27.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.5M
MEDICAL BUILDING
Est. value
$25.0M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
ZONE
Cooling
Yes
Stories
3
Units
1
Lot
5.18 ac
Current owner
From public records · entity-resolved
Highlands Ranch 640 Mp Rk7 LLC
Entity
Mailing address
640 PLZ DR STE #200, HIGHLANDS RANCH, CO 80129-2399
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
Highlands Ranch 630 Mp Rk7 LLC
—
Deed
related
$129,105,000 · Bmo Bank NA
Aug 6, 2025
$25,000,000
Highlands Ranch 640 Mp Rk7 LLC
Plaza Drive LLC
Special Warranty Deed
—
Oct 11, 2018
$1,175,000
Kenneth Donahue
Munroe,vicki
Grant Deed
$925,000 · Vicki Muhroe
Apr 29, 2016
$25,100,000
Plaza Drive LLC
Lsref4 Bison LLC
Grant Deed
—
Aug 4, 2015
$17,700,000
Lsref4 Bison LLC
Iret Properties
Grant Deed
—
Dec 20, 2004
$2,844,200
Iret Properties
Luchsinger,l C & Jill C
Grant Deed
—
Dec 20, 2004
$12,800,000
Iret Properties
Opus Northwest LLC
Grant Deed
—
—
—
Iret Properties
—
Deed Of Trust
related
$9,800,000 · Allstate Insurance Co
—
—
Lsref4 Bison LLC
—
Loan Modification
related
$811,000,000 · Jp Morgan Chase Bk
—
—
Lsref4 Bison LLC
—
Deed Of Trust
related
$811,000,000 · Jp Morgan Chase Bk
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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