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Property profile & analytics
OFF-MARKET
Warehouses

200 12th St Rocky Ford, CO 81067

2,600 SF 0.13 ac lot Built 1994
Individually Owned 4-yr Hold Free & Clear
Property ID
US13-1991852
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 2,600 SF
Lot 0.13 ac (5,597 SF)
APN 4443-181-30007
UPID US13-1991852
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bob Offutt · 4 yrs held
Bob Offutt
since 2022
Last sale
$110,000
2 recorded transactions
2022
$110,000
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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