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Property profile & analytics
OFF-MARKET
Estimated value
$23,010,000
Manufacturing properties
8221 96th Ave, Commerce City, CO 80640-8500
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2282849
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Total area
160,000 SF
Lot
15.22 ac (663,114 SF)
APN
R0194336
UPID
US13-2282849
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
$20.91M
Comparable Approach
Comparable
$29.50M
Blend (final)
Blend
$23.01M
Owner & transaction history
8221 E 96th Avenue LLC · 4 yrs held
8221 E 96th Avenue LLC
since 2022
Last sale
$24.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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
$22,135,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,650,000
6.5%
$20,905,000
7%
$19,415,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$29,285,000
Current use
Blend value · Realmo final
$23.01M
Range $20.71M – $25.31M · ±10% · vs last sale $24.50M (Apr 5 2022)
Last sale anchor
$24.50M
Apr 5 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
$144 / 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
$228,568
Tax year 2023
Assessed value
$2,634,180
Assessed 2023
Previous assessed
$2,661,790
-1.0% YoY
Effective rate
8.68%
On assessed value
Assessed land
$1,295,090
Assessed improvement
$1,339,090
Land market value
$4,641,896
Improvement market value
$4,799,604
Total market value
$9,441,500
Applied tax rate
215.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1959
Heating
SPACE
Stories
1
Total area
160,000 SF
Lot
15.22 ac (663,114 SF)
APN
R0194336
UPID
US13-2282849
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
INDUSTRIAL (GENERAL) Current
Est. value
$29.3M
INDUSTRIAL (GENERAL) Current
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
1959
Heating
SPACE
Stories
1
Lot
15.22 ac
Current owner
From public records · entity-resolved
8221 E 96th Avenue LLC
Entity
Mailing address
500 E 62ND AVE, DENVER, CO 80216-1133
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
$24,500,000
8221 E 96th Avenue LLC
Evans Realty & Property Management
Special Warranty Deed
$19,600,000 · Citywide Banks
May 7, 2018
$18,059
Rk Henderson LLC
Evans,john E & Paula A
Grant Deed
—
May 7, 2018
—
Rk Henderson LLC
Mcmanus,timothy J
Quit Claim Deed
related
—
Jun 1, 2011
$2,325,000
Rk Henderson LLC
Helzer,james E
Grant Deed
—
Sep 1, 2005
$310,800
Mcmanus,timothy J
Evans Realty & Prop Mgmt LLC
Warranty Deed
related
—
—
—
Rk Henderson LLC
—
Deed Of Trust
related
$3,520,000 · Umb Bk/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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