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Property profile & analytics
OFF-MARKET
Estimated value
$11,300,000
Manufacturing properties
2400 Beaver Ave Fort Morgan, CO 80701-4403
Entity Owned
Absentee Owner
Free & Clear
Property ID
US13-1189027
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Construction
STEEL & CONCRETE
Total area
171,427 SF
Lot
36.48 ac (1,589,199 SF)
APN
R016343
UPID
US13-1189027
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
-
Dairy Farmers of America Property Management Company Shipping And Mailing
-
Leprino Foods Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.30M
Owner & transaction history
LEPRINO FOODS COMPANY
LEPRINO FOODS COMPANY
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 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
WAREHOUSE, STORAGE
$12,515,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,225,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$11,300,000
Change: 0% · Conversion: Moderate
RESTAURANT
$10,365,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$11.30M
Range $10.17M – $12.43M · ±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
$66 / 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
$370,679
Tax year 2023
Assessed value
$4,520,480
Assessed 2023
Previous assessed
$4,820,580
-6.2% YoY
Effective rate
8.20%
On assessed value
Assessed land
$709,410
Assessed improvement
$3,811,070
Land market value
$2,542,700
Improvement market value
$13,659,750
Total market value
$16,202,450
Applied tax rate
162.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Construction
STEEL & CONCRETE
Heating
YES
Cooling
NONE
Buildings
9
Stories
1
Rooms
1
Bathrooms
15
Total area
171,427 SF
Lot
36.48 ac (1,589,199 SF)
APN
R016343
UPID
US13-1189027
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
WAREHOUSE, STORAGE
Est. value
$12.5M
COMMERCIAL (GENERAL)
Est. value
$12.2M
RETAIL STORES
Est. value
$11.3M
RESTAURANT
Est. value
$10.4M
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
1993
Construction
STEEL & CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Rooms
1
Bathrooms
15
Lot
36.48 ac
Current owner
From public records · entity-resolved
LEPRINO FOODS COMPANY
Entity
Free & Clear · 0 yrs held
Mailing address
1830 W 38TH AVE, DENVER, CO 80211-2225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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