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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
7609 Grandview Ave Arvada, CO 80002-2453
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-1128545
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Construction
STEEL FRAME
Total area
1,987 SF
Lot
0.1 ac (4,221 SF)
APN
39-113-26-002
UPID
US13-1128545
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
-
Valorem Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$575k
Owner & transaction history
Ota Properties LLC · 8 yrs held
Ota Properties LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$915,000
+34.0%
Retail stores
$800,000
+17.0%
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
$455,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$289 / 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
$18,297
Tax year 2023
Assessed value
$173,438
Assessed 2023
Previous assessed
$173,438
+0.0% YoY
Effective rate
10.55%
On assessed value
Assessed land
$52,995
Assessed improvement
$120,443
Land market value
$189,945
Improvement market value
$461,694
Total market value
$651,639
Applied tax rate
1,210.0000
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
1938
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
1,987 SF
Lot
0.1 ac (4,221 SF)
APN
39-113-26-002
UPID
US13-1128545
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
OFFICE BUILDING Current
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1938
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ota Properties LLC
Entity
Mailing address
15064 W 63RD AVE, ARVADA, CO 80403-7571
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2018
$505,000
Ota Properties LLC
Kelsey,joe H & Dianna J
Warranty Deed
$404,000 · Firstbank
May 31, 2001
$175,000
Joe H Kelsey
Lundstrom,carl J
Grant Deed
$157,500 · Carl J
—
—
Joe H Kelsey
—
Deed Of Trust
related
$158,000 · State Farm Bank Fsb
—
—
Joe H Kelsey
—
Deed Of Trust
related
$10,000 · Arvada City (co)
—
—
Joe H Kelsey
—
Deed Of Trust
related
$200,000 · State Farm Bank Fsb
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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