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Property profile & analytics
OFF-MARKET
Estimated value
$3,710,000
Showrooms
7308 Alton Way Ste 2-h Centennial, CO 80112-2315
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-1040498
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,400 SF
Lot
18.99 ac (827,314 SF)
APN
2075-27-3-27-002
UPID
US13-1040498
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.71M
Owner & transaction history
Dry Creek Business Park LLC · 10 yrs held
Dry Creek Business Park LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+31.1%
Restaurant
$4.3M
+26.4%
Auto repair, garage
$4.2M
+23.8%
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 Centennial submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centennial 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,365,000
Current use
OFFICE BUILDING
$4,415,000
Change: +31% · Conversion: Easy
RESTAURANT
$4,255,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,165,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,375,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$3,345,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,235,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±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
$357 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$926,786
Tax year 2021
Assessed value
$12,531,006
Assessed 2023
Previous assessed
$9,506,200
+31.8% YoY
Effective rate
7.40%
On assessed value
Land market value
$8,273,140
Improvement market value
$36,670,860
Total market value
$44,944,000
Applied tax rate
996.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
16
Stories
1
Bathrooms
151
Total area
10,400 SF
Lot
18.99 ac (827,314 SF)
APN
2075-27-3-27-002
UPID
US13-1040498
Jurisdiction
ARAPAHOE
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
$3.4M
OFFICE BUILDING
Est. value
$4.4M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
16
Bathrooms
151
Lot
18.99 ac
Current owner
From public records · entity-resolved
Dry Creek Business Park LLC
Entity
Mailing address
660 NEWPORT CTR DR STE #1300, NEWPORT BEACH, CA 92660-6492
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
—
Dry Creek Business Park LLC
—
Deed
related
$3,000 · Minnesota Life Insurance Company
Nov 10, 2015
$27,750,000
Dry Creek Business Park LLC
Gijv Den LLC
Trustees Deed
$80,000,000 · Bank Of America
Oct 29, 2014
$23,470,000
Gijv Den LLC
Rreef America Reit II Corp I
Grant Deed
$272,500,000 · German Am Cap
—
—
Dry Creek Business Park LLC
—
Deed Of Trust
related
$19,340,000 · Miscellaneous Ins Co
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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