976 Dillon Rd Louisville, CO 80027-1287
Entity Owned
~
Est. High Equity
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID
US13-2443196
Property summary
AI-generated overview
Exceptional investment opportunity: a 6,300-square-foot shopping center in Louisville, Colorado, is available for purchase at $2,360,000. This single-story building boasts a strong net operating income (NOI) of $129,811, representing a 5.50% capitalization rate. The property is fully leased to three tenants: FedEx Office Print & Ship Center, Rock Barbers, and Smokers Den, with long-term leases in place, ensuring consistent cash flow. Located at 976 W Dillon Rd, 80027, this prime retail space enjoys excellent visibility along McCaslin Boulevard and easy access to Highway 36. Its strategic location benefits from proximity to the thriving Downtown Superior development and numerous surrounding shops and restaurants, capitalizing on the high traffic volume of the 36 corridor. The property offers a convenient location, just 15 minutes from Boulder and under 30 minutes from Denver, making it an attractive investment for both local and out-of-state buyers. This well-maintained property presents a rare opportunity to acquire a stable, high-performing retail asset in a desirable Colorado market. The asking price per square foot is $374.60.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2000
Construction
BRICK
Total area
6,397 SF
Lot
1.93 ac (84,027 SF)
Zoning code
2112
APN
1575-18-3-57-001
UPID
US13-2443196
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$295k
Owner & transaction history
since 2025
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
2112 · Louisville, CO
Top alternative use upside
Auto repair, garage
$2.7M
+27.4%
Restaurant
$2.4M
+11.9%
Retail stores
$2.3M
+8.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$295k
Value range
$266k – $325k
±10% around blend
Estimated value / SF
$46 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$266k
blend $295k
$325k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,397 SF
Lot area
1.93 ac
Year built
2000
Stories
1
APN
1575-18-3-57-001
Assessed value
$586,179
Annual tax
$51,053
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.30M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.41M
@ 6.5% CAP return
$1.30M
@ 7% CAP return
$1.21M
4
Sales comparison
Partial preview
Sales approach indication
$2.74M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.0 mi away · 6,725 SF
8.9 mi away · 7,085 SF
15.8 mi away · 7,000 SF
16.9 mi away · 6,469 SF
17.9 mi away · 6,260 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$295k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 28 sales
$335
-86%
Submarket 108 sales
$276
-83%
County 293 sales
$385
-88%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $46/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+27%
vs current-use indication
Restaurant
Retail Stores
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.10M
Move the market yield to see immediate price impact.
Value / SF
$328
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$132k
$2.65M
$1.89M
$1.47M
$147k
$2.94M
$2.10M
$1.63M
$162k
$3.23M
$2.31M
$1.80M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$4.43M
3.7 mi · Feb 2026 · $630/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,053
Tax year 2023
Assessed value
$586,179
Assessed 2023
Previous assessed
$462,840
+26.6% YoY
Effective rate
8.71%
On assessed value
Assessed improvement
$586,179
Improvement market value
$2,101,000
Total market value
$2,101,000
Applied tax rate
90.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,397 SF
Lot
1.93 ac (84,027 SF)
Zoning code
2112
APN
1575-18-3-57-001
UPID
US13-2443196
Jurisdiction
BOULDER
Zoning & alternative use
2112 · Louisville, COZoning 2112 · permitted uses
2112 · Louisville, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
1.93 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
2112
Jurisdiction
Louisville, CO
Recorded code
2112
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 2112 in Louisville, CO.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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