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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Commercial real estate
223 Colorado Ave Brush, CO 80723-2115
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US13-2796535
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
CONCRETE
Total area
11,780 SF
Lot
0.62 ac (27,163 SF)
APN
R019488
UPID
US13-2796535
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
-
Cattleman's Resource, Inc. Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.05M
Owner & transaction history
Paul A Chard · 18 yrs held
Paul A Chard
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Brush submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brush 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%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$174 / 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
$24,912
Tax year 2023
Assessed value
$248,770
Assessed 2023
Previous assessed
$178,070
+39.7% YoY
Effective rate
10.01%
On assessed value
Assessed land
$15,160
Assessed improvement
$233,610
Land market value
$54,330
Improvement market value
$837,290
Total market value
$891,620
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
11,780 SF
Lot
0.62 ac (27,163 SF)
APN
R019488
UPID
US13-2796535
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
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Paul A Chard
Individual
Mailing address
PO BOX 145, BRUSH, CO 80723-0145
Ownership since
2008
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
Mar 2, 2018
—
Paul A Chard
—
Deed
related
—
Jun 5, 2017
—
Paul A Chard
—
Trustees Deed
related
$688,600 · Bank Of Co
Dec 8, 2008
—
Paul A Chard
—
Trustees Deed
related
$73,000 · Bank Of Colorado
Jan 23, 2008
$35,750
Paul A Chard
Cattlemans Resource INC
Quit Claim Deed
related
—
Dec 12, 2005
—
Cattlemans Resource INC
—
Trustees Deed
related
$60,168 · Bank Of Colorado
Jul 21, 2004
$40,000
Cattlemans Resource INC
Roatch,richard L & Marilyn L
Warranty Deed
—
—
—
Paul A Chard
—
Deed Of Trust
related
$45,000 · Bank Of Colorado
—
—
Paul A Chard
—
Loan Modification
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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