Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Warehouses
7117 56th Ave Arvada, CO 80002-3119
Entity Owned
7-yr Hold
Property ID
US13-0198385
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
8,000 SF
Lot
2.71 ac (118,010 SF)
APN
39-114-22-001
UPID
US13-0198385
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.15M
Owner & transaction history
Extra Space Properties Two LLC · 7 yrs held
Extra Space Properties Two LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Arvada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arvada 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
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,695,000
Current use
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10%
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
$143 / 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
$97,591
Tax year 2023
Assessed value
$1,006,136
Assessed 2023
Previous assessed
$1,006,136
+0.0% YoY
Effective rate
9.70%
On assessed value
Assessed land
$262,547
Assessed improvement
$743,589
Land market value
$944,080
Improvement market value
$2,834,236
Total market value
$3,778,316
Applied tax rate
1,037.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Buildings
10
Stories
18
Units
1
Total area
8,000 SF
Lot
2.71 ac (118,010 SF)
APN
39-114-22-001
UPID
US13-0198385
Jurisdiction
JEFFERSON
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
$1.7M
WAREHOUSE, STORAGE Current
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
1974
Construction
STEEL FRAME
Heating
NONE
Stories
18
Buildings
10
Units
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Extra Space Properties Two LLC
Entity
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2018
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
Sep 26, 2018
—
Extra Space Properties Two LLC
Esp Seven Subsidiary LLC
Grant Deed
related
—
Oct 31, 2012
—
Esp Seven Subsidiary LLC
—
Deed Of Trust
related
$54,000,000 · Zions First National Bank
Nov 5, 2007
—
Esp Seven Subsidiary LLC
Extra Space Of Arvada LLC
Grant Deed
$100,000,000 · General Electric Capital Corp
Aug 28, 2000
$1,780,000
Extra Space Of Arvada LLC
Amerivest Properties Arvada
Grant Deed
—
Aug 20, 1998
—
Amerivest Properties INC
Consolidated Storage Propertie
Quit Claim Deed
related
$1,000,000 · First National Bank Arvada
—
—
Extra Space Of Arvada LLC
—
Deed Of Trust
related
$1,450,000 · Vectra Bank Colorado NA
—
—
Amerivest Propeties INC
—
Deed Of Trust
related
$250,000 · Norwest Bank Colorado
—
—
Consolidated Storage Propertie
—
Deed Of Trust
related
$250,000 · Norwest Bank Colorado
—
—
Properties Arvada Amerivest
—
Deed Of Trust
related
$300,000 · Norwest Bank Colorado
—
—
Extra Space Of Arvada LLC
—
Deed Of Trust
related
$100,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7117 56th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
