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Property profile & analytics
OFF-MARKET
Estimated value
$27,000,000
Office buildings
9155 Nichols Ave Ste 325 Centennial, CO 80112-3445
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0855081
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
FRAME
Total area
102,550 SF
Lot
5.99 ac (260,924 SF)
Zoning code
AMU
APN
2075-34-3-09-002
UPID
US13-0855081
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
$27.00M
CAP Approach
CAP
$24.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.00M
Owner & transaction history
Westside Waterview LLC · 1 yrs held
Westside Waterview LLC
since 2024
Last sale
$27.0M
2 recorded transactions
Zoning & alternative use
AMU · Centennial, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$27,000,000
ML approach
$27,000,000
CAP Approach
CAP Return
Estimation
6%
$26,710,000
6.5%
$24,655,000
7%
$22,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$43,510,000
Current use
RESTAURANT
$41,940,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$41,075,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$27.00M
Range $24.30M – $29.70M · ±10% · vs last sale $27.00M (Oct 31 2024)
Last sale anchor
$27.00M
Oct 31 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
$263 / 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
$470,233
Tax year 2023
Assessed value
$5,054,643
Assessed 2023
Previous assessed
$5,292,790
-4.5% YoY
Effective rate
9.30%
On assessed value
Land market value
$5,218,480
Improvement market value
$12,898,520
Total market value
$18,117,000
Applied tax rate
826.0000
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
1998
Construction
FRAME
Heating
NONE
Stories
4
Bathrooms
83
Total area
102,550 SF
Lot
5.99 ac (260,924 SF)
Zoning code
AMU
APN
2075-34-3-09-002
UPID
US13-0855081
Jurisdiction
ARAPAHOE
Zoning & alternative use
AMU · Centennial, CO
Zoning AMU · permitted uses
AMU · Centennial, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Centennial. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$43.5M
RESTAURANT
Est. value
$41.9M
AUTO REPAIR, GARAGE
Est. value
$41.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1998
Construction
FRAME
Heating
NONE
Stories
4
Bathrooms
83
Lot
5.99 ac
Current owner
From public records · entity-resolved
Westside Waterview LLC
Entity
Mailing address
410 17TH ST STE #1175, DENVER, CO 80202-4439
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$27,000,000
Westside Waterview LLC
Waterview I III LLC
Special Warranty Deed
$28,000,000 · Rga Reinurance Company
Aug 28, 2014
$66,850,000
Waterview I-iii LLC
California St Teachers Retire
Grant Deed
$26,800,000 · Northwestern Mutual Life Ins
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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