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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Gas stations
22080 Us Hwy 34, Fort Morgan, CO 80701-7242
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-1149002
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2004
Construction
STEEL FRAME
Total area
8,400 SF
Lot
4 ac (174,240 SF)
APN
R019485
UPID
US13-1149002
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
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$880k
Owner & transaction history
James T Nagel · 3 yrs held
James T Nagel
since 2022
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+101.5%
Warehouse, storage
$615,000
+31.5%
Commercial (general)
$600,000
+28.4%
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 Fort Morgan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Morgan 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
$845,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$940,000
Change: +101% · Conversion: Difficult
WAREHOUSE, STORAGE
$615,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $900k (Aug 17 2022)
Last sale anchor
$900k
Aug 17 2022
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
$105 / 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
$14,064
Tax year 2023
Assessed value
$204,040
Assessed 2023
Previous assessed
$133,460
+52.9% YoY
Effective rate
6.89%
On assessed value
Assessed land
$34,370
Assessed improvement
$169,670
Land market value
$123,200
Improvement market value
$608,120
Total market value
$731,320
Applied tax rate
48.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
1
Bathrooms
2
Total area
8,400 SF
Lot
4 ac (174,240 SF)
APN
R019485
UPID
US13-1149002
Jurisdiction
MORGAN
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
OFFICE BUILDING
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$600,000
RETAIL STORES
Est. value
$555,000
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2004
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
4 ac
Current owner
From public records · entity-resolved
James T Nagel
Individual
Mailing address
1490 WALTER WAY, CRAIG, CO 81625-8931
Ownership since
2022
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 21, 2025
—
James T Nagel
—
Deed
related
$325,000 · Fms Bank
May 30, 2025
—
James T Nagel
—
Deed
related
$75,000 · Fms Bank
Aug 17, 2022
$900,000
James T Nagel
Troy M Beck
Special Warranty Deed
$1,365,000 · Fms Bank
Jan 24, 2020
—
Troy M Beck
—
Deed
related
$97,487 · Bank Of Co
—
—
Troy M Beck
—
Deed Of Trust
related
$97,487 · 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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