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Property profile & analytics
OFF-MARKET
Estimated value
$4,345,000
Distribution centers
9652 Hanover W Ct, Commerce City, CO 80640-8470
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1233780
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2010
Total area
23,770 SF
Lot
1.69 ac (73,704 SF)
APN
R0115424
UPID
US13-1233780
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
$4.26M
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
$4.68M
Blend (final)
Blend
$4.35M
Owner & transaction history
Gnt Properties Colorado LLC · 4 yrs held
Gnt Properties Colorado LLC
since 2022
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.2M
+89.0%
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 Commerce City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce City 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
$4,155,000
ML approach
$4,260,000
CAP Approach
CAP Return
Estimation
6%
$4,095,000
6.5%
$3,780,000
7%
$3,510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,820,000
Current use
MEDICAL BUILDING
$7,220,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.91M – $4.78M · ±10% · vs last sale $4.60M (Mar 22 2022)
Last sale anchor
$4.60M
Mar 22 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
$183 / 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
$110,356
Tax year 2023
Assessed value
$1,213,370
Assessed 2023
Previous assessed
$969,320
+25.2% YoY
Effective rate
9.09%
On assessed value
Assessed land
$113,100
Assessed improvement
$1,100,270
Land market value
$405,369
Improvement market value
$3,943,631
Total market value
$4,349,000
Applied tax rate
248.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2010
Heating
SPACE
Stories
1
Total area
23,770 SF
Lot
1.69 ac (73,704 SF)
APN
R0115424
UPID
US13-1233780
Jurisdiction
ADAMS
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
WAREHOUSE, STORAGE Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$7.2M
WAREHOUSE, STORAGE Current
MEDICAL 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
2010
Heating
SPACE
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Gnt Properties Colorado LLC
Entity
Mailing address
11844 VLY RDG DR, PAPILLION, NE 68046-6229
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
$4,600,000
Gnt Properties Colorado LLC
Fah Denver LLC
Special Warranty Deed
$66,500 · Credit Union Of Denver
Jul 6, 2009
—
Fah-denver LLC
Fah-501 LLC
Quit Claim Deed
related
—
Jan 23, 2008
$275,000
Force America Holdings LLC
M2 LLC
Grant Deed
related
—
Oct 19, 2005
—
M2 LLC
Public Trustee Of Adams County
Trustees Deed
related
—
Nov 17, 2004
—
Mtn View Properties LLC
Spanier,allen B
Quit Claim Deed
related
—
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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