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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Warehouses
205 Mtn Vw Rd Johnstown, CO 80534
Entity Owned
19-yr Hold
Free & Clear
Property ID
US13-0590316
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
14,650 SF
Lot
1.4 ac (60,984 SF)
APN
R7534099
UPID
US13-0590316
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
$963k
Blend (final)
Blend
$1.60M
Owner & transaction history
Creative Arts LLC · 19 yrs held
Creative Arts LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.6M
+20.7%
Medical building
$2.4M
+13.1%
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 Johnstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnstown 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,160,000
Current use
INDUSTRIAL (GENERAL)
$2,610,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$2,445,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,115,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$109 / 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
$55,969
Tax year 2023
Assessed value
$613,100
Assessed 2023
Previous assessed
$613,100
+0.0% YoY
Effective rate
9.13%
On assessed value
Assessed land
$110,630
Assessed improvement
$502,470
Land market value
$396,526
Improvement market value
$1,800,974
Total market value
$2,197,500
Applied tax rate
568.0000
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
2007
Heating
RADIANT
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
14,650 SF
Lot
1.4 ac (60,984 SF)
APN
R7534099
UPID
US13-0590316
Jurisdiction
WELD
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
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2007
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
3
Lot
1.4 ac
Current owner
From public records · entity-resolved
Creative Arts LLC
Entity
Free & Clear · 19 yrs held
Mailing address
2845 ELLIS RNCH LN, LOVELAND, CO 80538-9776
Ownership since
2007
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
Nov 22, 2024
—
Creative Arts LLC
—
Deed
related
$150,000 · First National Bank Of Omaha
Jul 12, 2019
—
Creative Arts LLC
—
Deed
related
$450,000 · First Nat'l Bk/omaha
Apr 27, 2007
—
Creative Arts LLC
—
Trustees Deed
related
$900,000 · Union Colony Bank
Mar 7, 2007
$235,100
Creative Arts LLC
K & L Co INC
Warranty Deed
—
Jan 31, 2007
—
K & L Co INC
Christians,kyl
Quit Claim Deed
related
—
Sep 30, 2005
$198,198
Kyl Christians
Vinal,steve
Warranty Deed
$450,400 · J P Morgan Chase Bank
—
—
Creative Arts LLC
—
Deed Of Trust
related
$410,000 · L Thomas & Binnie J Kennedy
—
—
Creative Arts LLC
—
Loan Modification
related
$450,000 · First Nat'l Bk/omaha
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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