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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Manufacturing properties
17171 County Rd 21 Fort Morgan, CO 80701-7211
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1204897
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
STEEL FRAME
Total area
21,040 SF
Lot
2 ac (87,120 SF)
APN
R010092
UPID
US13-1204897
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
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
17171 Co Rd 21 LLC · 2 yrs held
17171 Co Rd 21 LLC
since 2023
Last sale
$1.1M
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 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
$980,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,535,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,500,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,385,000
Change: 0% · Conversion: Moderate
RESTAURANT
$1,270,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.06M (Oct 5 2023)
Last sale anchor
$1.06M
Oct 5 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
$49 / 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
$65,619
Tax year 2023
Assessed value
$800,230
Assessed 2023
Previous assessed
$509,990
+56.9% YoY
Effective rate
8.20%
On assessed value
Assessed land
$48,610
Assessed improvement
$751,620
Land market value
$174,240
Improvement market value
$2,693,980
Total market value
$2,868,220
Applied tax rate
162.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
1
Bathrooms
2
Total area
21,040 SF
Lot
2 ac (87,120 SF)
APN
R010092
UPID
US13-1204897
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
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1981
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
17171 Co Rd 21 LLC
Entity
Mailing address
17171 COUNTY RD 21, FORT MORGAN, CO 80701-7211
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
—
17171 Co Rd 21 LLC
—
Deed
related
$975,000 · Fms Bank
Oct 5, 2023
$1,059,900
17171 Co Rd 21 LLC
Sunflower Bank NA
Special Warranty Deed
$900,000 · 29 Investments LLC
Sep 21, 2021
—
Sunflower Bank NA
L7 Holdings LLC
Deed
—
Sep 23, 2020
—
L7 Tws Pharma LLC
L7 Holdings LLC
Quit Claim Deed
—
Nov 21, 2019
$1,900,000
L7 Holdings LLC
Xtreme Welding LLC
Special Warranty Deed
$710,000 · Vacuum X Traction Products INC
Jun 9, 2014
$850,000
Xtreme Welding LLC
Triple S Irrevocable Trust Fund
Special Warranty Deed
$637,500 · High Plains Bank
Oct 15, 2013
$745,000
Triple S Irrevocable Trust Fun
Greene,ron M & Gayle F
Warranty Deed
$680,000 · High Plains Bank
Jun 15, 2012
$475,000
Ron M Greene
American Eagle Distributing Co
Grant Deed
$472,565 · High Plains Bank
Jan 25, 2012
—
American Eagle Distributing Co
—
Deed Of Trust
related
$25,000,000 · Bank Of America
—
—
Ron M Greene
—
Loan Modification
related
—
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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