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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Office buildings
703 3rd Ave Longmont, CO 80501-5996
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0095381
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1906
Construction
BRICK
Total area
1,266 SF
Lot
0.19 ac (8,276 SF)
Zoning code
2121
APN
1315-03-3-14-001
UPID
US13-0095381
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
-
Matheson Therapy, PLLC Family Counselor Counselor
-
Heartlight Massage Alternative Medicine Practice Spa & Massage Center
-
Molly Klekamp Psychotherapist Social Worker
-
Dr. Liza York Physician Medical Clinic
-
Soul Care Counseling Psychotherapist Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$805k
Owner & transaction history
Jill Francis Investments LLC · 4 yrs held
Jill Francis Investments LLC
since 2022
Last sale
$777,000
6 recorded transactions
Zoning & alternative use
2121 · Longmont, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$495,000
+24.8%
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$965,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$495,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $777k (May 9 2022)
Last sale anchor
$777k
May 9 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
$636 / 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
$20,956
Tax year 2023
Assessed value
$219,294
Assessed 2023
Previous assessed
$206,219
+6.3% YoY
Effective rate
9.56%
On assessed value
Assessed land
$99,324
Assessed improvement
$119,970
Land market value
$356,000
Improvement market value
$430,000
Total market value
$786,000
Applied tax rate
1,018.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1906
Construction
BRICK
Heating
HOT WATER
Stories
2
Total area
1,266 SF
Lot
0.19 ac (8,276 SF)
Zoning code
2121
APN
1315-03-3-14-001
UPID
US13-0095381
Jurisdiction
BOULDER
Zoning & alternative use
2121 · Longmont, CO
Zoning 2121 · permitted uses
2121 · Longmont, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$495,000
AUTO REPAIR, GARAGE
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
1906
Construction
BRICK
Heating
HOT WATER
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jill Francis Investments LLC
Entity
Mailing address
324 NE 53RD ST, SEATTLE, WA 98105-3729
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
$777,000
Jill Francis Investments LLC
The Stephen A Kalthoff Revocable Tr
Special Warranty Deed
$421,383 · Firstbank
Nov 14, 2017
—
Kalthoff,stephen A Trust
Kalthoff Stephen A Trust
Quit Claim Deed
related
—
Dec 30, 2016
—
Kalthoff,stephen A Trust
Kalthoff Family Trust
Quit Claim Deed
related
—
Dec 17, 2010
$575,000
Kalthoff Family Trust
Calco Properties LLC
Warranty Deed
—
Sep 7, 2006
$250
Calco Properties LLC
Hirsch,mark L
Quit Claim Deed
related
—
Jan 20, 2006
$580,000
Mark L Hirsch
Leo Schumacher
Warranty Deed
$313,000 · Centennial Bank Of The West
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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