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    8032 Maverick Ln Ordway, CO 81063

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    8032 Maverick Ln Ordway, CO 81063

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    • Warehouses
    • 6,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Warehouses

    Property Details for 8032 Maverick Ln

    Year built
    2019
    Property size
    6,200 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This 6,200-square-foot industrial warehouse sits on a 5.2-acre lot in Ordway, Colorado, within the Crowley submarket cluster. Built in 2019, the single-tenant property is zoned for special use. The building comprises a 4,200-square-foot fully automated greenhouse equipped with CO2, light deprivation, wet wall, misters, drip irrigation, custom grow tables, and "ND 44 Leos." An additional 2,000-square-foot warehouse houses irrigation/fertigation systems, a CCTV room, a drying/curing room with custom rail system and shelving, and a safe room. A sophisticated automation system monitors and controls various aspects of the greenhouse operation, both locally and online. A 400-square-foot shipping container filled with tools and a 945-square-foot furnished trailer are also included. Nearly an acre of outdoor cultivation space is fully fenced and secure. The property features a 100 KVA transformer (upgradeable to 3-phase 85e power with 1,000 amps for an additional fee) and a self-starting fall-safe generator. Municipal water and natural gas infrastructure (over 25 million BTUs) are in place. Previously licensed for cannabis cultivation, this property is suitable for various agricultural uses, including organic produce, cut flowers, mycology, bedding plants, and more.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ordway
    County
    Ordway
    State
    Colorado
    Longitude
    -103.756
    Latitude
    38.2181

    Comparable in this City

    • Value Estimation by Request
      18,528 SF

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      12,690 SF

      8356 Maverick Ln

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      6,256 SF

      19721 Tamarack Ln

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      38,440 SF

      19514 Tamarack Ln

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    • Value Estimation by Request
      12,960 SF

      19977 Tamarack Ln

      Distribution properties • 12,960 SF
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    • Value Estimation by Request
      11,276 SF

      8552 Maverick Ln

      Distribution properties • 11,276 SF
      8552 Maverick Ln, Ordway, CO 81063
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    Similar Nearby for Sale

    • Contact for pricing
      18,528 SF

      Ordway Warehouse: Prime Cultivation Site

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      Cultivation Business Opportunity

      2.5 acres, fenced, with warehouse and water tanks.
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      8096 Maverick Lane, Ordway, CO 81063

      Cannabis Properties
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    • $495,000
      38,440 SF

      Ordway Agricultural Production Facility

      4-acre property with greenhouse, warehouses, and cultivation potential.
      19554 Tamarack Ln, Ordway, CO 81063
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    Similar Nearby for Lease

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      91,912 SF

      Ordway Agricultural Production Facility

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      174,240 SF

      Ordway Agricultural Production Facility

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      192,100 SF

      Versatile Commercial Property in Ordway, CO

      4.41-acre property with multiple buildings suitable for various uses.
      7950 Maverick Ln, Ordway, CO 81063
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    8032 Maverick Ln, Ordway, CO, 81063

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