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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
931 Alpine Ave Boulder, CO 80304
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0729999
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
BRICK
Total area
5,644 SF
Lot
0.37 ac (16,291 SF)
Zoning code
2137
APN
1461-25-1-41-004
UPID
US13-0729999
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
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$525k
Owner & transaction history
V C Investments LLC · 9 yrs held
V C Investments LLC
since 2016
4 recorded transactions
Zoning & alternative use
2137 · Boulder, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$685,000
+7.1%
Retail stores
$670,000
+5.2%
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 Boulder submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder 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
by Request
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$640,000
Current use
AUTO REPAIR, GARAGE
$685,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$93 / 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
$65,536
Tax year 2023
Assessed value
$767,250
Assessed 2023
Previous assessed
$653,950
+17.3% YoY
Effective rate
8.54%
On assessed value
Assessed land
$458,202
Assessed improvement
$309,048
Land market value
$1,642,300
Improvement market value
$1,107,700
Total market value
$2,750,000
Applied tax rate
10.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
5,644 SF
Lot
0.37 ac (16,291 SF)
Zoning code
2137
APN
1461-25-1-41-004
UPID
US13-0729999
Jurisdiction
BOULDER
Zoning & alternative use
2137 · Boulder, CO
Zoning 2137 · permitted uses
2137 · Boulder, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boulder. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$685,000
RETAIL STORES
Est. value
$670,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1976
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
V C Investments LLC
Entity
Mailing address
7231 FOX HUNT CT, NIWOT, CO 80503-7606
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2016
$2,200,000
V C Investments LLC
Alpine Orthopedic Properties LLC
Special Warranty Deed
$1,600,000 · Colorado Business Bank
Mar 18, 2008
—
Alpine Orthopedic Props LLC
Fulkerson Lorri J Trust
Quit Claim Deed
related
$1,445,000 · First National Bank
May 9, 2006
$360,000
Fulkerson Lorri J Living Trust
Alpine Orthopedic Props LLC
Warranty Deed
—
Jan 2, 2004
$1,836,000
Alpine Orthopedic Properties
Alpine Properties LLC
Grant Deed
related
$1,476,000 · Alpine Properties LLC
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.
Try Rey
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