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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Industrial properties
1010 Carbon Ct E Erie, CO 80516-8403
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0151852
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1980
Total area
4,677 SF
Lot
0.07 ac (2,980 SF)
APN
R4656107
UPID
US13-0151852
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
-
AtomicForge General Contractor
-
Kool Spot General Contractor
-
Audio Bungalow Electronics & Wireless Store Big Box & Wholesale Store
-
Living Design Studios Metal Fabrication Plant Factory
-
Lindsay Ramsey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$750k
Owner & transaction history
Whole Rat Enterprises LLC · 3 yrs held
Whole Rat Enterprises LLC
since 2022
Last sale
$749,000
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 Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie 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
$660,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$910,000
Current use
OFFICE BUILDING
$860,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$800,000
Change: -12% · Conversion: Moderate
MEDICAL BUILDING
$780,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$765,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $749k (Oct 31 2022)
Last sale anchor
$749k
Oct 31 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
$160 / 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
$19,270
Tax year 2023
Assessed value
$195,300
Assessed 2023
Previous assessed
$195,300
+0.0% YoY
Effective rate
9.87%
On assessed value
Assessed improvement
$195,300
Improvement market value
$700,000
Total market value
$700,000
Applied tax rate
1,333.0000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1980
Heating
SPACE
Stories
1
Units
9
Total area
4,677 SF
Lot
0.07 ac (2,980 SF)
APN
R4656107
UPID
US13-0151852
Jurisdiction
WELD
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
INDUSTRIAL (GENERAL) Current
Est. value
$910,000
OFFICE BUILDING
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES
Est. value
$800,000
MEDICAL BUILDING
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$765,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1980
Heating
SPACE
Stories
1
Units
9
Lot
0.07 ac
Current owner
From public records · entity-resolved
Whole Rat Enterprises LLC
Entity
Mailing address
3944 HAWTHORNE CIR, LONGMONT, CO 80503-7659
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$749,000
Whole Rat Enterprises LLC
Andrew R Biel
Warranty Deed
$683,500 · Umpqua Bank
Oct 11, 2022
—
Andrew R Biel
1010 Carbon Court Holding Company L
Quit Claim Deed
related
—
Jun 16, 2016
—
1010 Carbon Court Holding Co
Biel,andrew R
Quit Claim Deed
related
—
Apr 1, 2013
$235,000
Andrew R Biel
Mile High Bks
Grant Deed
—
Mar 6, 2009
—
Mile High Banks
1010 Redevelopment INC
Deed In Lieu Of Foreclosure
related
—
—
—
Andrew Biel
—
Deed Of Trust
related
$165,750 · Bank Of Colorado
—
—
Andrew Biel
—
Deed Of Trust
related
$165,750 · Bank Of Colorado
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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