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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Gas stations
22302 Us Hwy 34, Fort Morgan, CO 80701-7242
Entity Owned
9-yr Hold
Free & Clear
Property ID
US13-1472412
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2016
Construction
STEEL FRAME
Total area
24,660 SF
Lot
9.51 ac (414,299 SF)
APN
R020123
UPID
US13-1472412
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Rcmj Land & Investments LLC · 9 yrs held
Rcmj Land & Investments LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.8M
+31.5%
Commercial (general)
$1.8M
+28.4%
Retail stores
$1.6M
+18.7%
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 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
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
SERVICE STATION (FULL SERVICE)
$1,370,000
Current use
WAREHOUSE, STORAGE
$1,800,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,760,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$1,625,000
Change: +19% · Conversion: Difficult
RESTAURANT
$1,490,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$49 / 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
$37,314
Tax year 2023
Assessed value
$527,520
Assessed 2023
Previous assessed
$414,120
+27.4% YoY
Effective rate
7.07%
On assessed value
Assessed land
$73,560
Assessed improvement
$453,960
Land market value
$263,640
Improvement market value
$1,627,100
Total market value
$1,890,740
Applied tax rate
248.0000
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
2016
Construction
STEEL FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Total area
24,660 SF
Lot
9.51 ac (414,299 SF)
APN
R020123
UPID
US13-1472412
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
SERVICE STATION (FULL SERVICE) Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
2016
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
9.51 ac
Current owner
From public records · entity-resolved
Rcmj Land & Investments LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 123, WRAY, CO 80758-0123
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2016
—
Rcmj Land & Investments LLC
—
Deed
related
$855,000 · Colorado Lndg Source
Nov 23, 2016
—
Rcmj Land & Investments LLC
—
Deed
related
$707,000 · Colorado Lndg Source
Oct 21, 2016
—
Rcmj Land & Investments LLC
Rcmj Land & Investments INC
Quit Claim Deed
related
—
Aug 18, 2016
—
Rcmj Land & Investment INC
—
Deed
related
$684,000 · Fms Bk
Oct 21, 2015
—
Rcmj Land & Investments INC
—
Trustees Deed
related
$805,000 · Fms Bk
Jun 29, 2015
—
Rcmj Land & Investments INC
Lapp Richard C
Quit Claim Deed
related
—
Jul 8, 2014
$250,000
Richard C Lapp
Browne & Browne LLC
Warranty Deed
$249,000 · Wray St Bk
—
—
Rcmj Land & Investment INC
—
Loan Modification
related
$684,000 · Fms Bk
—
—
Rcmj Land & Investment INC
—
Loan Modification
related
$855,000 · Fms Bk
—
—
Rcmj Land & Investments LLC
—
Deed Of Trust
related
$855,000 · Colorado Lndg Source
—
—
Rcmj Land & Investments LLC
—
Deed Of Trust
related
$707,000 · Colorado Lndg Source
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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