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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
149 Briggs St Erie, CO 80516-4064
Entity Owned
Free & Clear
Property ID
US13-2304525
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Lot
0.64 ac (28,009 SF)
APN
R8955618
UPID
US13-2304525
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
-
Fitness Underground Erie Gym & Fitness Center
-
Cristos Coffee Boutique Roastery & Cafe Cafe & Coffee Shop
-
Jessica Luginbill Realtor Real Estate Agency
-
Jessica Luginbill, Realtor at Porchlight Real Estate Group Real Estate Agency
-
Nourished Wellness Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Jomar Properties LLC
Jomar Properties LLC
since 2025
Last sale
$537,691
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
$580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $538k (Aug 18 2020)
Last sale anchor
$538k
Aug 18 2020
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
—
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 2022Property tax & assessments
Tax year 2022
Applied tax rate
6,221.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Lot
0.64 ac (28,009 SF)
APN
R8955618
UPID
US13-2304525
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
Building & site characteristics
From public records
Year built
2007
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Jomar Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
149 S BRIGGS ST, ERIE, CO 80516-4064
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
$2,200,000
Jomar Properties LLC
Briggs Investments LLC
Special Warranty Deed
—
Dec 2, 2022
—
Briggs Investments LLC
—
Deed
related
$1,260,000 · Collegiate Peaks Bank
Aug 18, 2020
—
Champion Bk
Public Trustee Of Weld County|tackwell,patrick A
Foreclosure
related
—
Jul 16, 2020
$537,691
Patrick A Tackwell
Julie Cole
Certificate Of Purchase
$1,130,000
Jan 22, 2013
$738,000
Erie Commons Coml Ptrs LLC
Deputy Sheriff Of Weld County
Certificate Of Purchase
$900,650
Apr 17, 2008
—
Erie Commons Coml Ptrs LLC
Tackwell,patrick A
Quit Claim Deed
related
—
Jun 19, 2007
$450,000
Tackwell,patrick A
Community Dev Group Of Erie INC
Grant Deed
$337,500 · Champion Bk
—
—
Erie Commons Coml Ptrs LLC
—
Deed Of Trust
related
$900,650 · Summit Bk
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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