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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
200 Hays Ave Sterling, CO 80751-2859
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2780393
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Construction
STEEL FRAME
Total area
16,000 SF
Lot
1.47 ac (63,946 SF)
APN
3044100
UPID
US13-2780393
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
$572k
Blend (final)
Blend
$600k
Owner & transaction history
Colorado Hospitality Services INC · 4 yrs held
Colorado Hospitality Services INC
since 2021
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$890,000
+57.0%
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 Sterling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling 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
$595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$565,000
Current use
RETAIL STORES
$890,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Oct 13 2021)
Last sale anchor
$600k
Oct 13 2021
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
$38 / 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
$6,690
Tax year 2023
Assessed value
$110,830
Assessed 2023
Previous assessed
$429,150
-74.2% YoY
Effective rate
6.04%
On assessed value
Land market value
$128,291
Improvement market value
$268,950
Total market value
$397,241
Applied tax rate
117.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
16,000 SF
Lot
1.47 ac (63,946 SF)
APN
3044100
UPID
US13-2780393
Jurisdiction
LOGAN
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 Current
Est. value
$565,000
RETAIL STORES
Est. value
$890,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
Colorado Hospitality Services INC
Entity
Mailing address
1350 W MAIN ST, STERLING, CO 80751-2835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$600,000
Colorado Hospitality Services INC
Lebsock 200 Hays LLC
Deed
—
Oct 13, 2021
—
Sterling Ace LLC
Coloradoo Hospitality Services INC
Quit Claim Deed
related
—
Jun 9, 2020
—
David Lebsock LLC
—
Deed
related
$13,000,000 · Bank Of Co
Aug 27, 2019
—
Lebsock 200 Hays LLC
—
Deed
related
$12,750,000 · The Galinn Fund LLC
Oct 18, 2017
—
Lebsock 200 Hays LLC
—
Deed
related
—
Dec 29, 2009
—
Lebsock 200 Hays LLC
Lebsock,david W & Cheryl R
Quit Claim Deed
related
—
Sep 14, 2007
—
David W Lebsock
—
Trustees Deed
related
$500,000 · Bank Of Colorado
—
—
Lebsock 200 Hays LLC
—
Deed Of Trust
related
$12,750,000 · The Galinn Fund LLC
—
—
David Lebsock LLC
—
Deed Of Trust
related
$13,000,000 · Bank Of Co
—
—
Dave Lebsock
—
Deed Of Trust
related
$555,000 · Bank Of Colorado
—
—
David W Lebsock
—
Deed Of Trust
related
$875,000 · Bank Of Colorado
—
—
Lebsock 200 Hays LLC
—
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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