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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Warehouses
205 Parish Ave Johnstown, CO 80534-7807
Entity Owned
Free & Clear
Property ID
US13-1041184
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Total area
6,080 SF
Lot
4.39 ac (191,228 SF)
APN
R8738900
UPID
US13-1041184
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
$1.05M
Comparable Approach
Comparable
$450k
Blend (final)
Blend
$745k
Owner & transaction history
Osborne P Ship II LLC
Osborne P Ship II LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+33.4%
Restaurant
$1.2M
+29.6%
Industrial (general)
$1.1M
+20.7%
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%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$895,000
Current use
OFFICE BUILDING
$1,195,000
Change: +33% · Conversion: Difficult
RESTAURANT
$1,160,000
Change: +30% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,085,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$1,015,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$123 / 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
$25,855
Tax year 2023
Assessed value
$286,480
Assessed 2023
Previous assessed
$286,480
+0.0% YoY
Effective rate
9.03%
On assessed value
Assessed land
$142,000
Assessed improvement
$144,480
Land market value
$508,978
Improvement market value
$517,823
Total market value
$1,026,801
Applied tax rate
565.0000
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
1948
Heating
RADIANT
Cooling
YES
Buildings
6
Stories
1
Total area
6,080 SF
Lot
4.39 ac (191,228 SF)
APN
R8738900
UPID
US13-1041184
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
$895,000
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$880,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
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
1948
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
6
Lot
4.39 ac
Current owner
From public records · entity-resolved
Osborne P Ship II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 606, JOHNSTOWN, CO 80534-0606
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Osborne P Ship II LLC
Osborne Partnership
Quitclaim Deed
related
—
Dec 11, 2024
—
Osborne P Ship II LLC
Ag Air Incorporated
Quitclaim Deed
related
—
Dec 4, 2020
—
Osborne Ptshp
—
Deed
related
$2,000,000 · Bank Of Co
Dec 12, 2019
—
Osborne Ptshp
—
Loan Modification
related
$1,600,000 · Bank Of Co
Oct 24, 2013
—
Osborne Ptshp
—
Trustees Deed
related
$250,000 · Bank Of Co
—
—
Osborne Ptshp
—
Loan Modification
related
$1,100,000 · Bank Of Co
—
—
Osborne Ptshp
—
Loan Modification
related
$250,000 · Bank Of Co
—
—
Osborne Ptshp
—
Loan Modification
related
—
—
—
Osborne Ptshp
—
Deed Of Trust
related
$1,000,000 · Bank Of Co
—
—
Osborne Ptshp
—
Loan Modification
related
—
—
—
Osborne Ptshp
—
Loan Modification
related
—
—
—
Osborne Ptshp
—
Deed Of Trust
related
$2,594,610 · Bank Of Co
—
—
Osborne Ptshp
—
Loan Modification
related
$2,000,000 · Bank Of Co
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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