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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Distribution centers
855 68th Ave Denver, CO 80229-7101
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0320407
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Total area
9,500 SF
Lot
2.24 ac (97,574 SF)
APN
R0126245
UPID
US13-0320407
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
-
The Freeze Tolerant Ball Valve Industrial Manufacturer Production Facility
-
Western Mixer - Parts R Parts Auto Parts Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.30M
Owner & transaction history
855 E 68th Ave LLC · 2 yrs held
855 E 68th Ave LLC
since 2024
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+149.4%
Neighborhood: shopping center
$3.1M
+102.1%
Commercial (general)
$3.1M
+101.5%
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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,525,000
Current use
AUTO REPAIR, GARAGE
$3,805,000
Change: +149% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,085,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,075,000
Change: +102% · Conversion: Difficult
RETAIL STORES
$3,055,000
Change: +100% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,955,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$2,885,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Feb 21 2024)
Last sale anchor
$2.30M
Feb 21 2024
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
$242 / 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
$51,799
Tax year 2023
Assessed value
$480,470
Assessed 2023
Previous assessed
$503,750
-4.6% YoY
Effective rate
10.78%
On assessed value
Assessed land
$245,010
Assessed improvement
$235,460
Land market value
$878,170
Improvement market value
$843,930
Total market value
$1,722,100
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
2001
Heating
RADIANT
Stories
1
Total area
9,500 SF
Lot
2.24 ac (97,574 SF)
APN
R0126245
UPID
US13-0320407
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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE Current
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
2001
Heating
RADIANT
Stories
1
Lot
2.24 ac
Current owner
From public records · entity-resolved
855 E 68th Ave LLC
Entity
Mailing address
3095 BLUE MTN DR, BROOMFIELD, CO 80023-4701
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
$2,300,000
855 E 68th Ave LLC
Spurgeon Enterprises INC
Special Warranty Deed
$2,300,000 · Spurgeon Enterprises INC A Colorado
Jul 1, 2009
—
Spurgeon Ents INC
—
Trustees Deed
related
$324,159 · Valley Bank & Trust Co
Jul 27, 2001
—
Spurgeon Enterprises INC
Spurgeon,kevin & Nancy
Quit Claim Deed
related
$360,000 · Community Economic Dev Co
—
—
Spurgeon Enterprises INC
—
Deed Of Trust
related
$723,000 · Valley Bank & Trust 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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