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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Commercial real estate
801 Public Rd Lafayette, CO 80026-2188
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0052151
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
WOOD
Total area
2,505 SF
Lot
0.3 ac (13,242 SF)
Zoning code
2137
APN
1575-03-4-30-005
UPID
US13-0052151
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
$930k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$865k
Owner & transaction history
Tate Holdings LLC · 3 yrs held
Tate Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
2137 · Lafayette, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+94.5%
Office building
$1.1M
+88.3%
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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
$865,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$600,000
Current use
AUTO REPAIR, GARAGE
$1,165,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$1,130,000
Change: +88% · Conversion: Easy
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$345 / 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
$17,712
Tax year 2023
Assessed value
$211,734
Assessed 2023
Previous assessed
$87,870
+141.0% YoY
Effective rate
8.37%
On assessed value
Assessed land
$129,847
Assessed improvement
$81,887
Land market value
$465,400
Improvement market value
$293,500
Total market value
$758,900
Applied tax rate
120.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
HOT WATER
Stories
1
Rooms
6
Bathrooms
1
Total area
2,505 SF
Lot
0.3 ac (13,242 SF)
Zoning code
2137
APN
1575-03-4-30-005
UPID
US13-0052151
Jurisdiction
BOULDER
Zoning & alternative use
2137 · Lafayette, CO
Zoning 2137 · permitted uses
2137 · Lafayette, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE 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
1940
Construction
WOOD
Heating
HOT WATER
Stories
1
Rooms
6
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Tate Holdings LLC
Entity
Mailing address
291 LUNA CT, ERIE, CO 80516-6406
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
Tate Holdings LLC
—
Deed
related
$333,221 · Lafayette Urban Renewal Authority
Dec 20, 2022
—
Tate Holdings LLC
—
Deed
related
$411,800 · Bokf NA
Oct 31, 2022
$950,000
Tate Holdings LLC
801 South Public LLC
Special Warranty Deed
$887,200 · Bokf NA
Sep 24, 2020
$767,100
801 South Public LLC
Excello Holdings Ltd
Grant Deed
—
Oct 11, 2019
$44,372
Lafayette Urban Renewal Author
Excello Holdings Ltd
Warranty Deed
—
Feb 10, 2012
$246,700
Excello Holdings Ltd
C E Armstrong LLC
Warranty Deed
$189,137 · Citywide Banks
Jan 29, 2008
—
C E Armstrong LLC
Cleve E Armstrong
Quit Claim Deed
—
Jun 22, 2006
$175,000
Armstrong,cleve E
Barbara A Kimball
Warranty Deed
—
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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