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    200 12th St Rocky Ford, CO 81067

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    200 12th St Rocky Ford, CO 81067

    View on Map
    • Warehouses
    • 2,600 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Jul 18, 2022
    $110,000
    Property ID
    US13-1991852
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 200 12th St

    Year built
    1994
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.13 lot acres
    Property size
    2,600 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    4443-181-30007
    APU
    444318130007

    Description

    This exceptional self-storage investment opportunity encompasses a portfolio of six buildings totaling 16,650 square feet of non-climate-controlled storage space. Located across multiple addresses in Rocky Ford and Ordway, Colorado, this property boasts 110 units, currently operating at 72.72% occupancy. Built in 1994, the buildings sit on a combined lot size ranging from 0.13 to 2.37 acres. The asking price is $850,000, representing a price per square foot of $51.05 and a price per unit of $7,727.27. The property exhibits a current cap rate of 7.80% with a pro-forma cap rate projected at 11.62%, indicating significant potential for increased profitability. The portfolio presents a unique opportunity to acquire a substantial market share in the Rocky Ford area. Strategic improvements, such as enhanced online presence and management, could further boost occupancy and revenue. The property's location in Otero and Crowley Counties, with addresses including 200 N 12th St, 201 N 13th St, 614 N Main St, and 502 N Main St in Rocky Ford (zip code 81067), and 6511 County Lane 20 in Ordway (zip code 81063), provides convenient access for local residents. The APN for one of the properties is 4443-181-30007. This is a rare chance to acquire an established portfolio at or near replacement cost, offering immediate cash flow and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Ford
    County
    Otero
    State
    Colorado
    Longitude
    -103.715
    Latitude
    38.0513

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $218
    $1,562
    $1,002
    $2,564
    -
    $5,597
    $31,195
    $36,792

    Comparable in this City

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      614 Main St

      MINI-WAREHOUSE, STORAGE • 2,000 SF
      614 Main St, Rocky Ford, CO 81067
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      8,996 SF

      201 9th St

      MINI-WAREHOUSE, STORAGE • 8,996 SF
      201 9th St, Rocky Ford, CO 81067-1240
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      3,000 SF

      21621 Us Hwy 50

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      21621 Us Hwy 50, Rocky Ford, CO 81067-9481
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    • Value Estimation by Request
      2,800 SF

      502 Main St

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      502 Main St, Rocky Ford, CO 81067
      View Details
    • Value Estimation by Request
      3,000 SF

      18443 Us Hwy 50

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      18443 Us Hwy 50, Rocky Ford, CO 81067
      View Details

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    200 12th St
    Rocky Ford, CO 81067
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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