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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Residential income homes
8721 62nd Ave Arvada, CO 80004-3211
Individually Owned
4-yr Hold
Property ID
US13-1168400
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1971
Construction
STEEL FRAME
Total area
3,312 SF
Lot
0.15 ac (6,671 SF)
APN
39-101-07-022
UPID
US13-1168400
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
$1.16M
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$935k
Owner & transaction history
Nicholas E Nyberg · 4 yrs held
Nicholas E Nyberg
since 2022
Last sale
$930,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+54.8%
Retail stores
$1.3M
+35.1%
Office building
$1.3M
+28.9%
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 Arvada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arvada 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
$1,195,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$985,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$1,335,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,270,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $930k (May 10 2022)
Last sale anchor
$930k
May 10 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
$282 / 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
$5,239
Tax year 2023
Assessed value
$54,010
Assessed 2023
Previous assessed
$54,010
+0.0% YoY
Effective rate
9.70%
On assessed value
Assessed land
$8,939
Assessed improvement
$45,071
Land market value
$133,420
Improvement market value
$727,700
Total market value
$861,120
Applied tax rate
1,013.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
HOT WATER
Stories
3
Units
4
Rooms
1
Total area
3,312 SF
Lot
0.15 ac (6,671 SF)
APN
39-101-07-022
UPID
US13-1168400
Jurisdiction
JEFFERSON
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE 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
1971
Construction
STEEL FRAME
Heating
HOT WATER
Stories
3
Units
4
Rooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Nicholas E Nyberg
Individual
Mailing address
16319 W 84TH DR, ARVADA, CO 80007-6702
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
$930,000
Nicholas E Nyberg
2ck Holdings LLC
Special Warranty Deed
$697,500 · Firstbank
Sep 30, 2019
$598,000
2ck Holdings LLC
Staats,michael K
Warranty Deed
$478,400 · Firstbank
Aug 3, 2010
$264,000
Michael K Staats
Peregrine Vista LLC
Warranty Deed
—
Mar 24, 2010
$172,300
Peregrine Vista LLC
Bear Stearns A Trust 2007-3
Grant Deed
$196,000 · Donald E Dettling
Dec 30, 2009
—
Bear Stearns Alt-a Trust
Chief Deputy Public Te Of Jeffers
Trustees Deed
related
—
Dec 4, 2009
$298,041
Gregg Hoffman
Chief Deputy Public Te Of Jeffers
Certificate Of Purchase
—
Jan 4, 2007
$338,000
Gregg Hoffman
Fifer,robert & Rachelle
Warranty Deed
—
Mar 24, 2004
$335,000
Robert Fifer
Price,paul E & Carmon I
Grant Deed
$300,000 · Liberty Home Loans INC
—
—
Paul E Price
—
Deed Of Trust
related
$189,000 · Commercial Federal 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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