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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Outlet malls
1350 Main St Sterling, CO 80751-2835
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-0362892
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1983
Construction
STEEL FRAME
Total area
46,700 SF
Lot
4.17 ac (181,515 SF)
APN
38052530302004
UPID
US13-0362892
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
-
Sterling Ace LLC Building Supply Hardware & Home Improvement
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.79M
Owner & transaction history
Sfp E LLC · 1 yrs held
Sfp E LLC
since 2025
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 Sterling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling 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
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±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
$60 / 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
$28,225
Tax year 2023
Assessed value
$440,630
Assessed 2023
Previous assessed
$1,343,110
-67.2% YoY
Effective rate
6.41%
On assessed value
Land market value
$823,625
Improvement market value
$755,730
Total market value
$1,579,355
Applied tax rate
117.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
46,700 SF
Lot
4.17 ac (181,515 SF)
APN
38052530302004
UPID
US13-0362892
Jurisdiction
LOGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
4.17 ac
Current owner
From public records · entity-resolved
Sfp E LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1350 W MAIN ST, STERLING, CO 80751-2835
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
—
Sfp E LLC
Sterling Ace LLC
Deed
—
Jun 30, 2023
—
Sterling Ace LLC
—
Deed
related
$2,480,000 · Corefirst Bank & Trust
Sep 17, 2021
$1,600,000
Sterling Acre LLC
Nec Redemption Company LLC
Special Warranty Deed
—
Jun 17, 2021
—
Nec Redmption Company LLC
David Lebsock LLC
Foreclosure
related
—
Aug 27, 2019
—
Lebsock 1350 West Main LLC
—
Grant Deed
related
$12,750,000 · Thre Gallinn Fund LLC
Oct 18, 2017
—
Lebsock 1350 West Main LLC
—
Deed
related
—
Dec 29, 2009
—
Lebsock 1350 West Main LLC
David Lebsock LLC
Quit Claim Deed
related
—
Sep 14, 2007
—
David Lebsock LLC
—
Trustees Deed
related
$500,000 · Bank Of Colorado
Mar 12, 2004
—
David Lebsock LLC
—
Trustees Deed
related
$200,000 · Bank Of Colorado
Feb 26, 2004
—
David W Lebsock
—
Trustees Deed
related
$200,000 · Bank Of Colorado
—
—
David Lebsock LLC
—
Deed Of Trust
related
$1,725,000 · Bank Of Colorado
—
—
David Lebsock LLC
—
Deed Of Trust
related
$875,000 · Bank Of Colorado
—
—
Lebsock 1350 West Main 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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