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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Individual retail properties
2177 57th Ln Boone, CO 81025-9756
Individually Owned
6-yr Hold
Property ID
US13-1186388
Property profile
Verified
Property type
Individual retail properties
Use group
CANNABIS DISPENSARY
Year built
2015
Construction
WOOD FRAME
Total area
9,811 SF
Lot
8 ac (348,480 SF)
Zoning code
A-1
APN
1119001005
UPID
US13-1186388
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
Current use
Occupant on record · Public records
-
ZGreens Organic Farm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$900k
Owner & transaction history
Chris Fudge · 6 yrs held
Chris Fudge
since 2019
4 recorded transactions
Zoning & alternative use
A-1 · Boone, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+33.0%
Commercial (general)
$1.2M
+29.7%
Office building
$1.1M
+12.0%
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 Boone submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boone 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
CANNABIS DISPENSARY
$955,000
Current use
WAREHOUSE, STORAGE
$1,270,000
Change: +33% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,235,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,070,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$865,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$92 / 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
Previous assessed
$88,187
Applied tax rate
70.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Individual retail properties
Use group
CANNABIS DISPENSARY
Status
Off-Market
Year built
2015
Construction
WOOD FRAME
Heating
HOT WATER
Buildings
2
Stories
1
Rooms
7
Bathrooms
2
Total area
9,811 SF
Lot
8 ac (348,480 SF)
Zoning code
A-1
APN
1119001005
UPID
US13-1186388
Jurisdiction
PUEBLO
Zoning & alternative use
A-1 · Boone, COZoning A-1 · permitted uses
A-1 · Boone, CO
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
CANNABIS DISPENSARY Current
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$865,000
CANNABIS DISPENSARY Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (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
2015
Construction
WOOD FRAME
Heating
HOT WATER
Stories
1
Buildings
2
Rooms
7
Bathrooms
2
Lot
8 ac
Current owner
From public records · entity-resolved
Chris Fudge
Individual
Mailing address
PO BOX 125, PERHAM, MN 56573-0125
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2019
—
Chris Fudge
Molllins,anthony
Quit Claim Deed
related
—
Nov 24, 2014
$125,000
Anthony J|fudge Chris Mollins
Twenty Sixteen LLC
Grant Deed
$37,500 · Twenty Sixteen LLC
Mar 25, 2014
$86,700
Twenty Sixteen LLC
Isaac G Tafoya SR.
Warranty Deed
$75,920 · Canon National Bank
Oct 22, 2009
—
Isac Tafoya
Tafoya,manuel
Quit Claim Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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