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Property profile & analytics
FOR SALE
Retail space
1695 Watkins Rd Watkins, CO 80137
Entity Owned
10-yr Hold
Free & Clear
Property ID
US13-1193764
For Sale
$635,000
1695 Watkins Rd, Watkins, CO 80137
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Total area
2,532 SF
APN
R0083838
UPID
US13-1193764
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
-
Shell Gas Station
-
Healing Hands Alternative Health Physician Alternative Medicine Practice
-
FedEx Drop Box Postal Service Courier Service
-
Coin Cloud Bitcoin ATM Currency Exchange Service Atm
-
Watkins Truck and Auto Plaza Parking Lot & Garage Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$635k
Owner & transaction history
Sun Dev LP · 10 yrs held
Sun Dev LP
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$890,000
+19.3%
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 Watkins submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watkins 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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
RETAIL STORES
$745,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$251 / 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
$23,799
Tax year 2023
Assessed value
$316,390
Assessed 2023
Previous assessed
$251,010
+26.0% YoY
Effective rate
7.52%
On assessed value
Assessed improvement
$316,390
Improvement market value
$1,134,018
Total market value
$1,134,018
Applied tax rate
434.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1967
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
2,532 SF
APN
R0083838
UPID
US13-1193764
Jurisdiction
ADAMS
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
RETAIL STORES Current
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING
Est. value
$700,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1967
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Current owner
From public records · entity-resolved
Sun Dev LP
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 4456, HOUSTON, TX 77210-4456
Ownership since
2016
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
Jan 29, 2018
—
Petroleum Wholesale LP
—
Loan Modification
related
$2,079,782 · Community Bk/tx
Jun 27, 2016
—
Petroleum Wholesale LP
—
Deed
related
$1,279,643 · Community Bk/tx
Feb 2, 2016
$2,400,000
Sun Dev LP
Vanderberg,susan D
Grant Deed
—
Feb 2, 2015
$2,400,000
Sun Dev LP
Vanderberg,susan D
Grant Deed
$2,422,500 · Community Bk/tx
Feb 2, 2015
—
Susan D|paulson Scott D Vanderberg
Silco Oil Co
Quit Claim Deed
related
—
—
—
Petroleum Wholesale LP
—
Loan Modification
related
$1,279,643 · Community Bk/tx
—
—
Petroleum Wholesale LP
—
Loan Modification
related
$2,218,694 · Community Bk/tx
—
—
Sun Dev LP
—
Loan Modification
related
$2,422,500 · Community Bk/tx
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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