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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Commercial real estate
655 Es Boulder Rd Louisville, CO 80027-1328
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0878780
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
BRICK
Total area
13,883 SF
Lot
1.36 ac (59,024 SF)
Zoning code
2112
APN
1575-05-4-08-006
UPID
US13-0878780
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
$2.24M
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$2.78M
Owner & transaction history
Zrp Village Square LLC · 1 yrs held
Zrp Village Square LLC
since 2025
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
2112 · Louisville, CO
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
$2,305,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
$3,055,000
6.5%
$2,820,000
7%
$2,620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,860,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10% · vs last sale $3.07M (Feb 12 2025)
Last sale anchor
$3.07M
Feb 12 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
$200 / 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
$54,556
Tax year 2023
Assessed value
$625,825
Assessed 2023
Previous assessed
$632,490
-1.1% YoY
Effective rate
8.72%
On assessed value
Assessed land
$348,220
Assessed improvement
$277,605
Land market value
$1,248,100
Improvement market value
$995,000
Total market value
$2,243,100
Applied tax rate
94.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
13,883 SF
Lot
1.36 ac (59,024 SF)
Zoning code
2112
APN
1575-05-4-08-006
UPID
US13-0878780
Jurisdiction
BOULDER
Zoning & alternative use
2112 · Louisville, COZoning 2112 · permitted uses
2112 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.9M
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
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Zrp Village Square LLC
Entity
Mailing address
524 S TEJON ST, COLORADO SPRINGS, CO 80903-3929
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2025
$3,070,000
Zrp Village Square LLC
Dcp Louisvile II LLC
Special Warranty Deed
$6,000,000 · National Western Life Insurance Com
Apr 1, 2021
$2,260,000
Dcp Louisville II LLC
655 South Boulder LLC
Special Warranty Deed
—
Nov 5, 2020
—
655 South Boulder LLC
—
Deed
related
$421,560 · High Plains Bank
Feb 8, 2013
$390,000
655 South Boulder LLC
Dpm Investments LLC
Grant Deed
$1,882,408 · Solera National Bank
Feb 8, 2013
—
655 South Boulder LLC
Sullivan,dwight L SR
Grant Deed
related
—
May 23, 2012
—
Dpm Investments LLC
Dpm Investments
Quit Claim Deed
—
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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