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Property profile & analytics
OFF-MARKET
Estimated value
$6,665,000
Warehouses
7755 Miller Dr Frederick, CO 80504-5456
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-0072041
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
43,919 SF
Lot
3.54 ac (153,985 SF)
APN
R7056898
UPID
US13-0072041
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
$5.89M
CAP Approach
CAP
$7.54M
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$6.67M
Owner & transaction history
Aqua Hot Heating Systems LLC · 4 yrs held
Aqua Hot Heating Systems LLC
since 2022
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.4M
+7.1%
Industrial (general)
$8.2M
+4.1%
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 Frederick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frederick 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
$6,320,000
ML approach
$5,890,000
CAP Approach
CAP Return
Estimation
6%
$8,165,000
6.5%
$7,535,000
7%
$7,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,840,000
Current use
RESTAURANT
$8,395,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,155,000
Change: +4% · Conversion: Easy
RETAIL STORES
$7,535,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$7,325,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.67M
Range $6.00M – $7.33M · ±10% · vs last sale $6.50M (Jul 29 2022)
Last sale anchor
$6.50M
Jul 29 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
$152 / 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
$175,550
Tax year 2023
Assessed value
$1,757,700
Assessed 2023
Previous assessed
$1,757,700
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$236,290
Assessed improvement
$1,521,410
Land market value
$846,915
Improvement market value
$5,453,085
Total market value
$6,300,000
Applied tax rate
1,459.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
43,919 SF
Lot
3.54 ac (153,985 SF)
APN
R7056898
UPID
US13-0072041
Jurisdiction
WELD
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
$7.8M
RESTAURANT
Est. value
$8.4M
INDUSTRIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$7.3M
WAREHOUSE, STORAGE Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL 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
2002
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
3.54 ac
Current owner
From public records · entity-resolved
Aqua Hot Heating Systems LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7501 MILLER DR, FREDERICK, CO 80504-5573
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$6,500,000
Aqua Hot Heating Systems LLC
Advanced Property Services
Special Warranty Deed
—
Dec 19, 2017
$4,500,000
Advanced Property Services
7755 Miller Drive LLC
Grant Deed
$3,375,000 · Bellco Cu
Apr 27, 2015
—
7755 Miller Drive LLC
Merritt Professional Props LLC
Grant Deed
related
—
Apr 21, 2015
—
7755 Miller Drive LLC
Merritt Companies LLC
Grant Deed
related
—
May 9, 2013
$3,100,000
Merritt Companies LLC
7755 Md LLC
Grant Deed
$2,325,000 · Verus Bank Of Commerce
Sep 8, 2005
$4,350,000
7755 Md LLC
Oil Well LLC
Special Warranty Deed
$3,262,500 · Firstbank Of Longmont
Sep 8, 2005
—
Nb Investments LLC
Oil Well LLC
Warranty Deed
related
—
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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