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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1400 2nd St Fort Lupton, CO 80621-1703

    • Grocery and convenience stores
    • 4,227 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2020
    $3,072,300
    Value Estimations
    $3,685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0606799
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1400 2nd St

    Year built
    2020
    Lot size
    1.00 lot acres
    Property size
    4,227 SF
    Property type
    Grocery and convenience stores
    APN
    R8967147
    APU
    R8967147

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,325,000
      ML approach
      $3,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,767,000
      Market price range: $2.09M - $5.02M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lupton
    County
    Weld
    State
    Colorado
    Longitude
    -104.803
    Latitude
    40.0807
    CBSA code
    24540
    CBSA name
    GREELEY, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $87,860
    $170,150
    $596,420
    $766,570
    -
    $609,840
    $2,137,710
    $2,747,550

    Comparable in this City

    • Value Estimation
      $500,000
      2,940 SF

      101 Denver Ave

      CONVENIENCE STORE • 2,940 SF
      101 Denver Ave, Fort Lupton, CO 80621-1817
      View Details
    • Value Estimation
      $7,025,000
      4,716 SF

      641 14th St

      CONVENIENCE STORE • 4,716 SF
      641 14th St, Fort Lupton, CO 80621
      View Details
    • Value Estimation
      $255,000
      1,029 SF

      100 Rollie Ave

      CONVENIENCE STORE • 1,029 SF
      100 Rollie Ave, Fort Lupton, CO 80621
      View Details
    • Value Estimation
      $180,000
      3,008 SF

      710 Denver Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,008 SF
      710 Denver Ave, Fort Lupton, CO 80621-2162
      View Details
    • Value Estimation
      $140,000
      2,430 SF

      421 Denver Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,430 SF
      421 Denver Ave, Fort Lupton, CO 80621-1823
      View Details
    • Value Estimation
      $515,000
      11,219 SF

      805 14th St

      RETAIL STORES (PERSONAL SERVICES) • 11,219 SF
      805 14th St, Fort Lupton, CO 80621-2715
      View Details

    Similar Nearby for Sale

    • $240,000
      1,101 SF

      Professional Office/Retail Condo For Sale

      Professional office/retail condo in historic downtown Fort Lupton.
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      Versatile Commercial Building in Fort Lupton

      Corner lot property suitable for medical, retail, or office use.
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    • $220,000
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      Professional Office/Retail Condo For Sale

      Professional office/retail condo in Fort Lupton Professional Plaza.
      309 Park Ave, Fort Lupton, CO 80621
      View Details
    • Contact for pricing
      0.44 Acres

      Fort Lupton Commercial Land - 3 Pads

      Prime commercial land, ready for development. Excellent location & access.
      0 Nec Sh-52 & Rollie Ave, Fort Lupton, CO 80621
      View Details
    • $1,000,000

      Historical Landmark Restaurant and Event

      Historical landmark featuring a restaurant, banquet facility, and storage.
      815 7Th St, Fort Lupton, CO 80621
      View Details
    • $595,000

      Fort Lupton Redevelopment Opportunity

      0.49-acre lot in thriving Fort Lupton commercial corridor.
      200 2Nd St, Fort Lupton, CO 80621
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      6,336 SF

      Prime Retail Space in Colorado

      Versatile commercial property in downtown Fort Lupton, Colorado.
      540 Main St, Fort Lupton, CO 80621
      View Details
    • $17 SF/Yr
      920 SF

      Fort Lupton Retail Space Available

      High-traffic retail space in prime location.
      1200 Dexter St, Fort Lupton, CO 80621
      View Details
    • $18 SF/Yr
      21,780 SF

      Turnkey Automotive Paint Facility Lease

      Turnkey automotive paint facility for lease with paint booth.
      13015 County Road 16, Fort Lupton, CO 80621
      View Details
    • Contact for pricing

      Secured Storage Lot for Rent

      Secured storage lot with easy access to major highways.
      9193 County Road 20, Fort Lupton, CO 80621
      View Details
    • $32,000
      12,050 SF

      Fort Lupton Warehouse Space Available

      12,050 SF warehouse/industrial space for lease in Fort Lupton.
      2183 S Denver Ave, Fort Lupton, CO 80621
      View Details
    • $162 SF/Yr
      7,200 SF

      Fort Lupton Industrial Flex Space

      7,200 SF Flex Warehouse - Ideal Location
      1160 Denver Ave, Fort Lupton, CO 80621
      View Details
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    1400 2nd St
    Fort Lupton, CO 80621-1703
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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