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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Distribution centers
8101 Steele St Thornton, CO 80229-5701
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-1127802
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2010
Total area
5,000 SF
Lot
2.61 ac (113,604 SF)
APN
R0141222
UPID
US13-1127802
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
$2.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.81M
Owner & transaction history
Regional Transportation Distri · 6 yrs held
Regional Transportation Distri
since 2020
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+154.6%
Auto repair, garage
$2.0M
+149.4%
Neighborhood: shopping center
$1.6M
+102.1%
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 Thornton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thornton 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
$2,095,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,045,000
Change: +155% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,005,000
Change: +149% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,625,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,620,000
Change: +102% · Conversion: Difficult
RETAIL STORES
$1,610,000
Change: +100% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,555,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$1,520,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.80M (Jan 6 2020)
Last sale anchor
$1.80M
Jan 6 2020
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
$362 / 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
$39,402
Tax year 2023
Assessed value
$365,480
Assessed 2023
Previous assessed
$495,200
-26.2% YoY
Effective rate
10.78%
On assessed value
Assessed land
$158,450
Assessed improvement
$207,030
Land market value
$567,939
Improvement market value
$742,052
Total market value
$1,309,991
Applied tax rate
85.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
NONE
Stories
1
Total area
5,000 SF
Lot
2.61 ac (113,604 SF)
APN
R0141222
UPID
US13-1127802
Jurisdiction
ADAMS
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
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2010
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Regional Transportation Distri
Individual
Mailing address
1560 BROADWAY STE #700, DENVER, CO 80202-5140
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2020
$1,800,000
Regional Transportation Distri
Melecio Chavez
Warranty Deed
—
Jan 15, 2009
—
County Of Adams
Chavez,melecio & Margaret
Warranty Deed
—
Oct 26, 2005
$262,700
Melecio Chavez
Rinconada LLC
Grant Deed
—
Sep 14, 2004
—
Rinconada LLC
—
Trustees Deed
related
$500,000 · Key Bank & Trust
Jul 23, 1999
$125,000
Rinconada LLC
Felix,marium O
Grant Deed
$113,349 · Union Bank & Trust
—
—
Rinconada LLC
—
Deed Of Trust
related
$168,300 · Key Bank & Trust
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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