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Property profile & analytics
OFF-MARKET
Estimated value
$3,340,000
Strip malls
8586 Arapahoe Rd Centennial, CO 80112-1433
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-2284258
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
FRAME
Total area
6,219 SF
Lot
0.57 ac (24,829 SF)
Zoning code
AB1
APN
2075-28-1-29-003
UPID
US13-2284258
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$3.34M
Owner & transaction history
8586 E Arapahoe Rd LLC · 5 yrs held
8586 E Arapahoe Rd LLC
since 2021
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
AB1 · Centennial, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Office building
$2.6M
+30.7%
Restaurant
$2.5M
+26.0%
Auto repair, garage
$2.5M
+23.4%
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 Centennial submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centennial 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
$3,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,020,000
Current use
OFFICE BUILDING
$2,640,000
Change: +31% · Conversion: Moderate
RESTAURANT
$2,545,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,490,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,015,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±10% · vs last sale $3.30M (May 25 2021)
Last sale anchor
$3.30M
May 25 2021
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
$537 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$50,326
Tax year 2021
Assessed value
$817,191
Assessed 2023
Previous assessed
$523,450
+56.1% YoY
Effective rate
6.16%
On assessed value
Land market value
$740,970
Improvement market value
$2,218,030
Total market value
$2,959,000
Applied tax rate
158.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
3
Total area
6,219 SF
Lot
0.57 ac (24,829 SF)
Zoning code
AB1
APN
2075-28-1-29-003
UPID
US13-2284258
Jurisdiction
ARAPAHOE
Zoning & alternative use
AB1 · Centennial, COZoning AB1 · permitted uses
AB1 · Centennial, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1995
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
8586 E Arapahoe Rd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6783 E ORCH RD, GREENWOOD VILLAGE, CO 80111-1719
Ownership since
2021
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 15, 2021
—
8586 E Arapahoe Rd LLC
—
Deed
related
$2,213,000 · Citywide Banks
May 25, 2021
$3,300,000
8586 E Arapahoe Rd LLC
Arapyos LLC
Special Warranty Deed
—
Jan 27, 2017
—
Arapyos LLC
Rice Investment Co
Correction Deed
related
$500,000 · Redstone Bank
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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