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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Turn key restaurants
1645 8th Ave Greeley, CO 80631-5602
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-2470765
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Total area
2,092 SF
Lot
0.13 ac (5,750 SF)
APN
R3282286
UPID
US13-2470765
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
-
Cheba Hut Toasted Subs Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$500k
Owner & transaction history
1645 8th Ave LLC · 5 yrs held
1645 8th Ave LLC
since 2020
Last sale
$475,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+88.5%
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 Greeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greeley 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
$485,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$400,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$385,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$350,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$330,000
Change: -17% · Conversion: Easy
RETAIL STORES
$320,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $475k (Nov 20 2020)
Last sale anchor
$475k
Nov 20 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
$239 / 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
$9,305
Tax year 2023
Assessed value
$116,730
Assessed 2023
Previous assessed
$116,730
+0.0% YoY
Effective rate
7.97%
On assessed value
Assessed land
$19,280
Assessed improvement
$97,450
Land market value
$69,120
Improvement market value
$349,280
Total market value
$418,400
Applied tax rate
2,689.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1954
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
2,092 SF
Lot
0.13 ac (5,750 SF)
APN
R3282286
UPID
US13-2470765
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$755,000
OFFICE BUILDING
Est. value
$385,000
MEDICAL BUILDING
Est. value
$350,000
COMMERCIAL (GENERAL)
Est. value
$330,000
RETAIL STORES
Est. value
$320,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1954
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
1645 8th Ave LLC
Entity
Mailing address
PO BOX 12259, DENVER, CO 80212-0259
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
$475,000
1645 8th Ave LLC
Jennings Investments LLC
Warranty Deed
$228,192 · Firstbank
Oct 8, 2008
$230,000
Jennings Investments LLC
Anstett Family
Warranty Deed
$207,000 · Anstett Family LP
Nov 16, 2005
—
Anstett Family
Anstett,james K
Quit Claim Deed
related
—
—
—
Jennings Investments LLC
—
Deed Of Trust
related
$250,000 · Firstbank
—
—
Jennings Investments LLC
—
Deed Of Trust
related
$30,000 · Anstett Family LP
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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