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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Office buildings
Johnstown, CO 80534
Individually Owned
2-yr Hold
Free & Clear
Property ID
US13-2284966
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2022
Total area
25,212 SF
Lot
1.93 ac (84,201 SF)
APN
85142-29-005
UPID
US13-2284966
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
$6.00M
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
$4.54M
Blend (final)
Blend
$6.00M
Owner & transaction history
Larimer Emergency Telephone Authori · 2 yrs held
Larimer Emergency Telephone Authori
since 2024
Last sale
$6.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.2M
+86.1%
Apartment house (5+ units)
$8.0M
+61.9%
Medical building
$7.8M
+57.1%
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 Johnstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnstown 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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
$6,355,000
6.5%
$5,865,000
7%
$5,445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,960,000
Current use
RESTAURANT
$9,230,000
Change: +86% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,030,000
Change: +62% · Conversion: Easy
MEDICAL BUILDING
$7,795,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,600,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$5,295,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,490,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Feb 22 2024)
Last sale anchor
$6.00M
Feb 22 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
$238 / 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
$187,010
Tax year 2023
Assessed value
$1,534,500
Assessed 2023
Previous assessed
$161,153
+852.2% YoY
Effective rate
12.19%
On assessed value
Assessed land
$272,025
Assessed improvement
$1,262,475
Land market value
$975,000
Improvement market value
$4,525,000
Total market value
$5,500,000
Applied tax rate
2,804.0000
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
2022
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
25,212 SF
Lot
1.93 ac (84,201 SF)
APN
85142-29-005
UPID
US13-2284966
Jurisdiction
LARIMER
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
OFFICE BUILDING Current
Est. value
$5.0M
RESTAURANT
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RETAIL STORES
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2022
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Larimer Emergency Telephone Authori
Individual
Free & Clear · 2 yrs held
Mailing address
4872 ENDEAVOR DR STE #200, JOHNSTOWN, CO 80534-4018
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
Feb 22, 2024
—
Larimer Emergency Telephone Authori
Liberty Development LLC
Lease
—
Feb 22, 2024
$6,000,000
Larimer Emergency Telephone Authori
Liberty Development LLC
Special Warranty Deed
—
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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