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Property profile & analytics
OFF-MARKET
Estimated value
$4,685,000
Golf courses & driving ranges
650 124th Ave Thornton, CO 80241-2412
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1080363
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
2003
Total area
18,718 SF
Lot
6 ac (261,360 SF)
APN
R0024453
UPID
US13-1080363
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
$4.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.69M
Owner & transaction history
Word Alive Churchs · 3 yrs held
Word Alive Churchs
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.4M
+427.8%
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 Thornton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thornton 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
$4,520,000
ML approach
$4,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,420,000
Change: +428% · Conversion: Difficult
Blend value · Realmo final
$4.69M
Range $4.22M – $5.15M · ±10% · vs last sale $5.00M (Dec 6 2022)
Last sale anchor
$5.00M
Dec 6 2022
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
$250 / 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
$148,913
Tax year 2023
Assessed value
$1,393,890
Assessed 2023
Previous assessed
$1,584,210
-12.0% YoY
Effective rate
10.68%
On assessed value
Assessed land
$450,280
Assessed improvement
$943,610
Land market value
$1,462,595
Improvement market value
$3,382,102
Total market value
$4,844,697
Applied tax rate
180.0000
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
2003
Heating
YES
Cooling
YES
Stories
1
Total area
18,718 SF
Lot
6 ac (261,360 SF)
APN
R0024453
UPID
US13-1080363
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
YES
Cooling
Yes
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
Word Alive Churchs
Individual
Mailing address
761 E 88TH AVE, THORNTON, CO 80229-4994
Ownership since
2022
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
May 18, 2023
—
Word Alive Churchs
—
Deed
related
$200,000 · Cass Commercial Bank
Dec 6, 2022
$5,000,000
Word Alive Churchs
Midwest Building Professionals LLC
Special Warranty Deed
$500,000 · Midwest Building Professionals LLC
Dec 18, 2019
—
Midwest Bldg Profs LLC
—
Deed
related
$2,400,000 · Bank Of Co
Dec 5, 2019
—
Midwest Bldg Profs LLC
—
Deed
related
$2,400,000 · Bank Of Co
Oct 13, 2017
—
Midwest Building Professionals
—
Deed
related
$2,500,000 · Jp Morgan Chase Bk
—
—
Midwest Building Professionals
—
Deed Of Trust
related
$2,239,000 · J P Morgan Chase Bank
—
—
Midwest Building Professionals
—
Deed Of Trust
related
$1,054,115 · J P Morgan Chase Bank
—
—
Midwest Building Professionals
—
Deed Of Trust
related
$2,883,180 · Bank Of The West
—
—
Midwest Building Professionals
—
Deed Of Trust
related
$3,600,000 · Jp Morgan Chase Bank NA
—
—
Midwest Bldg Profs LLC
—
Deed Of Trust
related
$2,400,000 · Bank Of Co
—
—
Midwest Bldg Profs LLC
—
Deed Of Trust
related
$2,400,000 · Bank Of Co
—
—
Midwest Building Professionals
—
Deed Of Trust
related
$2,500,000 · Jp Morgan Chase Bk
—
—
Midwest Building Professionals
—
Deed Of Trust
related
$1,299,000 · Front Range Regular Economic
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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