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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Life science properties
9398 Cedar Ave Lakewood, CO 80226-1019
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1101569
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1971
Construction
STEEL FRAME
Total area
4,000 SF
Lot
0.52 ac (22,630 SF)
APN
49-103-12-001
UPID
US13-1101569
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
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$851k
Blend (final)
Blend
$685k
Owner & transaction history
Bok Properties LLC · 2 yrs held
Bok Properties LLC
since 2024
Last sale
$687,375
7 recorded transactions
Zoning & alternative use
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 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
$685,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$925,000
Current use
OFFICE BUILDING
$745,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $687k (Mar 27 2024)
Last sale anchor
$687k
Mar 27 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
$171 / 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
$18,096
Tax year 2023
Assessed value
$200,657
Assessed 2023
Previous assessed
$200,657
+0.0% YoY
Effective rate
9.02%
On assessed value
Assessed land
$31,569
Assessed improvement
$169,088
Land market value
$113,150
Improvement market value
$636,050
Total market value
$749,200
Applied tax rate
7,025.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
SPACE
Cooling
REFRIGERATOR
Buildings
2
Stories
2
Total area
4,000 SF
Lot
0.52 ac (22,630 SF)
APN
49-103-12-001
UPID
US13-1101569
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$925,000
OFFICE BUILDING
Est. value
$745,000
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
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
SPACE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Bok Properties LLC
Entity
Mailing address
575 LEICESTER LN, CASTLE PINES, CO 80108-3477
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
$687,375
Bok Properties LLC
Tai Dan Hsu Charitable Remainder Tr
Warranty Deed
—
Dec 14, 2023
—
Tai Dan Hsu
Hsu Property Holding LLP
Intrafamily Transfer
related
—
Aug 25, 2017
—
Hsu Property Holdings LLP
Hsu,tai-dan
Quit Claim Deed
related
—
Apr 12, 2017
—
Hsu Property Holdings LLP
Hsu,tai-dan
Quit Claim Deed
related
—
Feb 17, 2016
$370,000
Tai-dan Hsu
Pierce,dianne J
Warranty Deed
—
Sep 15, 2009
—
Dianna J Pierce
Pierce,loren L
Quit Claim Deed
related
—
Jul 5, 2001
—
Dianna J Pierce
Kennedy,david E
Grant Deed
related
—
—
—
Loren L Pierce
—
Deed Of Trust
related
$152,749 · 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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