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Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Outlet malls
8585 Poplar Way Highlands Ranch, CO 80130-3707
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-1984541
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2014
Total area
28,068 SF
Lot
3.04 ac (132,510 SF)
APN
R0485532
UPID
US13-1984541
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
$7.50M
CAP Approach
CAP
$8.90M
Comparable Approach
Comparable
$8.91M
Blend (final)
Blend
$7.50M
Owner & transaction history
Efrv LLC · 1 yrs held
Efrv LLC
since 2024
Last sale
$7.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.5M
+72.5%
Commercial (general)
$9.1M
+49.5%
Medical building
$8.3M
+36.7%
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 Highlands Ranch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highlands Ranch 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
$7,500,000
ML approach
$7,500,000
CAP Approach
CAP Return
Estimation
6%
$9,635,000
6.5%
$8,895,000
7%
$8,260,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,525,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,125,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$8,340,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,490,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$7.50M
Range $6.75M – $8.25M · ±10% · vs last sale $7.50M (Sep 19 2024)
Last sale anchor
$7.50M
Sep 19 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
$267 / 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
$216,553
Tax year 2023
Assessed value
$2,310,140
Assessed 2023
Previous assessed
$2,310,140
+0.0% YoY
Effective rate
9.37%
On assessed value
Assessed land
$310,550
Assessed improvement
$1,999,590
Land market value
$1,113,080
Improvement market value
$7,166,980
Total market value
$8,280,060
Applied tax rate
3,602.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
28,068 SF
Lot
3.04 ac (132,510 SF)
APN
R0485532
UPID
US13-1984541
Jurisdiction
DOUGLAS
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
RETAIL STORES Current
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$7.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Efrv LLC
Entity
Mailing address
290 W PO BOX 14001ST AVE1C, KETCHUM, ID 83340-4991
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$7,500,000
Efrv LLC
8585 Poplar Way LLC
Special Warranty Deed
$1,800,000 · First Citizens Bank & Trust Co
Jul 2, 2024
—
8585 Poplar Way LLC
—
Deed
related
$3,350,000 · Ent Cu
Oct 23, 2014
$6,100,000
8585 Poplar Way LLC
Berengaria Highlands Ranch LLC
Grant Deed
$3,200,000 · Everbank
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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