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Property profile & analytics
FOR LEASE
Manufacturing properties
1067 Telleen Ave Erie, CO 80516
Entity Owned
Free & Clear
Property ID
US13-0972464
For Lease
1 / 2
$12 SF/Yr
1067 Telleen Ave, Erie, CO 80516
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Construction
STEEL FRAME
Total area
19,420 SF
Lot
1.36 ac (59,154 SF)
Zoning code
2135
APN
1465-13-0-02-002
UPID
US13-0972464
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
-
Chimera Lighting Corporate Office
-
Dinkum Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.62M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.71M
Owner & transaction history
1067 Telleen Avenue LLC
1067 Telleen Avenue LLC
since 2025
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
2135 · Erie, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.0M
+6.1%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,925,000
6.5%
$3,620,000
7%
$3,365,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,780,000
Current use
WAREHOUSE, STORAGE
$4,015,000
Change: +6% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,350,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.04M (Dec 4 2025)
Last sale anchor
$2.04M
Dec 4 2025
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
$139 / 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
$85,310
Tax year 2023
Assessed value
$753,300
Assessed 2023
Previous assessed
$578,550
+30.2% YoY
Effective rate
11.32%
On assessed value
Assessed land
$265,050
Assessed improvement
$488,250
Land market value
$950,000
Improvement market value
$1,750,000
Total market value
$2,700,000
Applied tax rate
1,392.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1996
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Total area
19,420 SF
Lot
1.36 ac (59,154 SF)
Zoning code
2135
APN
1465-13-0-02-002
UPID
US13-0972464
Jurisdiction
BOULDER
Zoning & alternative use
2135 · Erie, CO
Zoning 2135 · permitted uses
2135 · Erie, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
COMMERCIAL (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
1996
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
1067 Telleen Avenue LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1067 TELLEEN AVE, ERIE, CO 80516-6865
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
$2,039,100
1067 Telleen Avenue LLC
Telleen Partners LLC
Special Warranty Deed
—
Oct 25, 2019
—
Telleen Partners LLC
—
Deed
related
$2,000,000 · Bokf NA
Feb 9, 2017
$1,900,000
Telleen Partners LLC
John R Murphy
Special Warranty Deed
$1,140,000 · Colorado Business Bank
Jan 20, 2017
—
John R Murphy
Murphy Gardner LLC
Quit Claim Deed
—
Jul 23, 1996
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$475,000 · Bank Of Boulder
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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