Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Apartment buildings
1074 Cedar Way Fruita, CO 81521-2818
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0917107
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
20,148 SF
Lot
0.86 ac (37,556 SF)
Zoning code
1225
APN
2697-171-20-004
UPID
US13-0917107
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
$2.10M
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
1074 Cedar Way LLC · 2 yrs held
1074 Cedar Way LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
1225 · Fruita, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
municipal code
Top alternative use upside
Auto repair, garage
$2.7M
+162.3%
Restaurant
$2.2M
+110.7%
Industrial (general)
$1.9M
+86.9%
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 Fruita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fruita 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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$3,065,000
6.5%
$2,830,000
7%
$2,630,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,720,000
Change: +162% · Conversion: Difficult
RESTAURANT
$2,185,000
Change: +111% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,940,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$1,470,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$1,455,000
Change: +40% · Conversion: Moderate
RETAIL STORES
$1,375,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Mar 15 2024)
Last sale anchor
$2.10M
Mar 15 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
$104 / 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
$8,465
Tax year 2023
Assessed value
$103,780
Assessed 2023
Previous assessed
$64,650
+60.5% YoY
Effective rate
8.16%
On assessed value
Assessed land
$12,940
Assessed improvement
$90,840
Land market value
$193,140
Improvement market value
$1,355,860
Total market value
$1,549,000
Applied tax rate
11,600.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
HOT WATER
Cooling
YES
Stories
2
Units
15
Rooms
82
Total area
20,148 SF
Lot
0.86 ac (37,556 SF)
Zoning code
1225
APN
2697-171-20-004
UPID
US13-0917107
Jurisdiction
MESA
Zoning & alternative use
1225 · Fruita, COZoning 1225 · permitted uses
1225 · Fruita, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.7M
RESTAURANT
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1973
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
15
Rooms
82
Lot
0.86 ac
Current owner
From public records · entity-resolved
1074 Cedar Way LLC
Entity
Mailing address
440 S 43RD ST, BOULDER, CO 80305-6008
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$2,100,000
1074 Cedar Way LLC
Donald W Sprague
Special Warranty Deed
$1,435,000 · Blue FCU
Jun 20, 2000
$435,000
Odonnell,steven & Eline B
Sunbelt Environmental Corp
Trustees Deed
—
—
—
J D Metsch
—
Deed Of Trust
related
$325,000 · Metsch Trust
—
—
Donald W Sprague
—
Loan Modification
related
$415,560 · Denver Fire Dept FCU
—
—
Donald W Sprague
—
Deed Of Trust
related
$45,176 · Grand Valley National Bank
—
—
Donald W Sprague
—
Deed Of Trust
related
$394,000 · Bank Of Colorado
—
—
Donald W Sprague
—
Deed Of Trust
related
$326,250 · Wells Fargo Bank West NA
—
—
Donald W Sprague
—
Deed Of Trust
related
$109,000 · Liberty Home Loans INC
—
—
Donald W Sprague
—
Deed Of Trust
related
$500,000 · Lasalle National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1074 Cedar Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
