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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Warehouses
16185 County Rd 20 Fort Morgan, CO 80701-7142
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1404313
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2012
Construction
STEEL FRAME
Total area
6,882 SF
Lot
43.89 ac (1,911,892 SF)
APN
R020101
UPID
US13-1404313
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
$940k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$955k
Owner & transaction history
Blue Rock LLC · 3 yrs held
Blue Rock LLC
since 2023
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$680,000
+2.9%
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 Fort Morgan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Morgan 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
$890,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$660,000
Current use
OFFICE BUILDING
$680,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $950k (Mar 21 2023)
Last sale anchor
$950k
Mar 21 2023
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
$17,735
Tax year 2023
Assessed value
$255,120
Assessed 2023
Previous assessed
$179,730
+41.9% YoY
Effective rate
6.95%
On assessed value
Assessed land
$88,170
Assessed improvement
$166,950
Land market value
$316,020
Improvement market value
$598,390
Total market value
$914,410
Applied tax rate
48.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
YES
Cooling
REFRIGERATOR
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
6,882 SF
Lot
43.89 ac (1,911,892 SF)
APN
R020101
UPID
US13-1404313
Jurisdiction
MORGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$660,000
OFFICE BUILDING
Est. value
$680,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2012
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
43.89 ac
Current owner
From public records · entity-resolved
Blue Rock LLC
Entity
Mailing address
16185 COUNTY RD 20, FORT MORGAN, CO 80701-7142
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$950,000
Blue Rock LLC
M Stephen Peters
Deed
$653,614 · High Plains Bank
Dec 31, 2014
—
Rusty Gold Hydro-testers INC
—
Grant Deed
related
$13,000,000 · * Other Institutional Lenders
Sep 8, 2014
—
Rusty Gold Hydro Testers INC
Structural Steel Of Colorado LLC
Quit Claim Deed
related
—
Sep 22, 2011
—
Structural Steel Of Colorado LLC
Gordley,otis JR & Patricia M
Quit Claim Deed
related
—
Sep 22, 2011
$220,000
Structural Steel Of Colorado LLC
Gordley,otis JR & Patricia M
Warranty Deed
$165,000 · Otis JR & Patricia M Gordley
Jun 23, 2009
—
Patrick W Miller
Gordley,otis JR & Patricia M
Warranty Deed
$230,000 · Otis JR & Patricia M Gordley
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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