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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Office buildings
900 Kipling Pkwy Lakewood, CO 80226-9901
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0534331
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
STEEL FRAME
Total area
3,600 SF
Lot
0.54 ac (23,435 SF)
APN
49-153-00-003
UPID
US13-0534331
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
$865k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$910k
Owner & transaction history
Lady Justus LLC · 4 yrs held
Lady Justus LLC
since 2021
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+115.4%
Neighborhood: shopping center
$1.2M
+74.5%
Retail stores
$1.2M
+72.9%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$810,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$670,000
Current use
AUTO REPAIR, GARAGE
$1,440,000
Change: +115% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,170,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$1,160,000
Change: +73% · Conversion: Moderate
MEDICAL BUILDING
$1,095,000
Change: +63% · Conversion: Easy
WAREHOUSE, STORAGE
$580,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $950k (Dec 14 2021)
Last sale anchor
$950k
Dec 14 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
$253 / 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
$22,606
Tax year 2023
Assessed value
$250,660
Assessed 2023
Previous assessed
$250,660
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$153,652
Assessed improvement
$97,008
Land market value
$550,723
Improvement market value
$377,698
Total market value
$928,421
Applied tax rate
7,033.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
3,600 SF
Lot
0.54 ac (23,435 SF)
APN
49-153-00-003
UPID
US13-0534331
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
OFFICE BUILDING Current
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$580,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1977
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Lady Justus LLC
Entity
Mailing address
900 S KIPLING PKWY, LAKEWOOD, CO 80226-9901
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$950,000
Lady Justus LLC
900 S LLC
Special Warranty Deed
$601,384 · Jpmorgan Chase Bank NA
Apr 30, 2015
—
900 S LLC
Carpinelli Matthew Q
Quit Claim Deed
related
—
Feb 20, 2015
$361,000
Matthew Q Carpinelli
Carpinelli Barbara M
Warranty Deed
related
$260,722 · Bryant Family Trust (pt)
—
—
David G Carpinelli
—
Deed Of Trust
related
$283,931 · Theodore A & Barbara H Bryant
—
—
900 S LLC
—
Deed Of Trust
related
$265,829 · Firstbank
—
—
David G Carpinelli
—
Deed Of Trust
related
$320,000 · Theodore A & Barbara H
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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