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Property profile & analytics
OFF-MARKET
Warehouses
16650 Midway Rnch Rd, Fountain, CO 80817-3738
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2444107
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,120 SF
Lot
200.5 ac (8,733,780 SF)
APN
5700000130
UPID
US13-2444107
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
-
Pikes Peak International Raceway Car Racing Track
-
Performance Driven Workforce Training Center
-
Wright Group Event Services Party Supply Store Rental Equipment Company
-
Xtreme Xperience Car Racing Track
-
Rocky Mountain Sound Light & Video Tech Support Center Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raceway 200 LLC · 18 yrs held
Raceway 200 LLC
since 2008
6 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 Fountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fountain 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$144,227
Tax year 2023
Assessed value
$2,059,140
Assessed 2023
Previous assessed
$2,059,140
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$158,190
Assessed improvement
$1,900,950
Land market value
$567,000
Improvement market value
$6,813,421
Total market value
$7,380,421
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
14
Stories
1
Total area
1,120 SF
Lot
200.5 ac (8,733,780 SF)
APN
5700000130
UPID
US13-2444107
Jurisdiction
EL PASO
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
14
Lot
200.5 ac
Current owner
From public records · entity-resolved
Raceway 200 LLC
Entity
Mailing address
204 RANDALL ST, GREER, SC 29651-3418
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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 18, 2014
—
South 750 LLC
—
Trustees Deed
related
$9,000,000 · Mercedes-benz Fin'l Svcs USA
Jul 2, 2008
—
Raceway 200 LLC
Pikes Peak Raceway INC
Quit Claim Deed
related
$6,750,000 · Northern Trust Co
Jul 2, 2008
$8,974,057
Pikes Peak Raceway INC
Rocky Mountain Speedway Corp
Grant Deed
—
Nov 7, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Oct 13, 2005
$10,330,000
Rocky Mountain Speedway Corp
Ppir Investments LLC
Grant Deed
—
Nov 21, 2001
$17,137,600
Ppir Investments LLC
Pikes Peak Intl Raceway
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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