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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Outlet malls
1000 Platte Ave Fort Morgan, CO 80701-2965
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2735535
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1972
Construction
CONCRETE
Total area
37,920 SF
Lot
3.46 ac (150,718 SF)
APN
R006537
UPID
US13-2735535
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
Current use
Occupant on record · Public records
-
Resharp Sharpening Service
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Fort Morgan Asbestos Testing & Removal Pros Construction Company Renovation Specialist
-
Ace Hrdware Ft. Morgan Building Supply Hardware & Home Improvement
-
Goodwill Store & Donation Center Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.51M
Owner & transaction history
Fort Morgan Ackley LLC · 4 yrs held
Fort Morgan Ackley LLC
since 2021
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 Fort Morgan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Morgan 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,140,000
Current use
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10%
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
$40 / 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
$38,586
Tax year 2023
Assessed value
$483,710
Assessed 2023
Previous assessed
$406,620
+19.0% YoY
Effective rate
7.98%
On assessed value
Assessed land
$99,170
Assessed improvement
$384,540
Land market value
$355,440
Improvement market value
$1,378,290
Total market value
$1,733,730
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
CENTRAL
Cooling
NONE
Stories
1
Rooms
2
Bathrooms
2
Total area
37,920 SF
Lot
3.46 ac (150,718 SF)
APN
R006537
UPID
US13-2735535
Jurisdiction
MORGAN
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
RETAIL STORES Current
Est. value
$2.1M
RETAIL STORES Current
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
1972
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
3.46 ac
Current owner
From public records · entity-resolved
Fort Morgan Ackley LLC
Entity
Mailing address
155 STEELE ST APT #615, DENVER, CO 80206-5288
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
—
Fort Morgan Ackley Ace LLC
—
Deed
related
$3,460,000 · Corefirst Bank & Trust
Jun 30, 2023
—
Fort Morgan Ackley Ace LLC
—
Deed
related
$2,480,000 · Corefirst Bank & Trust
Oct 13, 2021
—
Fort Morgan Ackley LLC
Colorado Hospitality Services INC
Quit Claim Deed
related
—
Jun 9, 2020
—
Lebsock 200 Hays LLC
—
Deed
related
$13,000,000 · Bank Of Co
Oct 4, 2019
—
Lebsock 200 Hays LLC
—
Trustees Deed
related
$1,000,000 · Bank Of Co
Aug 27, 2019
—
Lebsock 200 Hays LLC
—
Deed
related
$12,750,000 · The Galinn Fund LLC
May 16, 2018
—
Lebsock 200 Hays LLC
—
Deed
related
—
Oct 18, 2017
$1,464,000
Lebsock 200 Hays LLC
Joyce Family Trust 1
Grant Deed
$1,147,500 · Bank Of Co
Feb 25, 2011
—
Joyce Family Trust 1
Joyce,george R & Dorothy R
Quit Claim Deed
—
Feb 11, 2005
—
George R Joyce
Nova Ft Morgan LLC
Grant Deed
—
—
—
Lebsock 200 Hays LLC
—
Deed Of Trust
related
$500,000 · Bank Of Co
—
—
Lebsock 200 Hays LLC
—
Deed Of Trust
related
$13,000,000 · Bank Of Co
—
—
Lebsock 200 Hays LLC
—
Loan Modification
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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