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Property profile & analytics
FOR SALE
Warehouses
21875 Us Highway 24 E Peyton, CO 80831
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0377549
For Sale
1 / 23
$825,000
21875 Us Highway 24 E, Peyton, CO 80831
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
3,660 SF
Lot
35 ac (1,524,600 SF)
Zoning code
A-35
APN
3200000350
UPID
US13-0377549
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
$730k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
333 Marker Holdings LLC · 2 yrs held
333 Marker Holdings LLC
since 2023
Last sale
$780,000
5 recorded transactions
Zoning & alternative use
A-35 · Peyton, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+87.2%
Neighborhood: shopping center
$1.0M
+52.9%
Auto repair, garage
$990,000
+49.7%
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 Peyton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peyton 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
$780,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$660,000
Current use
COMMERCIAL (GENERAL)
$1,240,000
Change: +87% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$990,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$890,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$860,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$790,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $780k (Aug 25 2023)
Last sale anchor
$780k
Aug 25 2023
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
$209 / 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
Assessed value
$70,060
Assessed 2023
Previous assessed
$70,060
+0.0% YoY
Assessed land
$39,390
Assessed improvement
$30,670
Land market value
$141,200
Improvement market value
$109,944
Total market value
$251,144
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
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
3,660 SF
Lot
35 ac (1,524,600 SF)
Zoning code
A-35
APN
3200000350
UPID
US13-0377549
Jurisdiction
EL PASO
Zoning & alternative use
A-35 · Peyton, CO
Zoning A-35 · permitted uses
A-35 · Peyton, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Peyton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$990,000
MEDICAL BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$860,000
OFFICE BUILDING
Est. value
$790,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
35 ac
Current owner
From public records · entity-resolved
333 Marker Holdings LLC
Entity
Mailing address
9910 TOMAHAWK TRLTD, COLORADO SPRINGS, CO 80908-4813
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
$780,000
333 Marker Holdings LLC
John H Greeley
Warranty Deed
$585,000 · Waypoint Bank
Aug 26, 2015
$137,000
John H Greeley
Hunn,lisa Y
Warranty Deed
—
Oct 29, 2009
$121,125
Lisa Y Hunn
Palmer,thomas & Betty
Warranty Deed
—
Feb 3, 2006
—
Thomas Palmer
Public Trustee Of El Paso County
Trustees Deed
related
—
—
—
Thomas P Palmer
—
Deed Of Trust
related
$68,000 · Access Financial Group LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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