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Property profile & analytics
OFF-MARKET
Estimated value
$12,120,000
Retail space
2831 Bonanza Dr Erie, CO 80516-8144
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-1586406
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
66,905 SF
Lot
4.02 ac (175,111 SF)
APN
R5300708
UPID
US13-1586406
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
-
JLSkinCo Esthetics Medical Clinic Skin Care Clinic
-
Erie Storage - A Colorado Storage Facility Storage Facility
-
Erie Office Space Real Estate Agency
-
linked. by lex & lu - permanent jewelry (Bike/Boat/Book/etc) Store
-
Pure Skin & Lash Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.12M
CAP Approach
CAP
$11.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.12M
Owner & transaction history
Lcerie Storage Limited Liability Co · 2 yrs held
Lcerie Storage Limited Liability Co
since 2024
Last sale
$12.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$13.0M
+13.6%
Restaurant
$12.8M
+11.5%
Office building
$12.3M
+6.9%
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 Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie 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
$12,120,000
ML approach
$12,120,000
CAP Approach
CAP Return
Estimation
6%
$12,605,000
6.5%
$11,635,000
7%
$10,800,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,475,000
Current use
INDUSTRIAL (GENERAL)
$13,030,000
Change: +14% · Conversion: Difficult
RESTAURANT
$12,790,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$12,270,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,545,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$11,160,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,930,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$12.12M
Range $10.91M – $13.33M · ±10% · vs last sale $12.12M (Jan 30 2024)
Last sale anchor
$12.12M
Jan 30 2024
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
$181 / 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
$361,195
Tax year 2023
Assessed value
$2,418,780
Assessed 2023
Previous assessed
$2,418,780
+0.0% YoY
Effective rate
14.93%
On assessed value
Assessed land
$341,990
Assessed improvement
$2,076,790
Land market value
$1,225,778
Improvement market value
$7,585,311
Total market value
$8,811,089
Applied tax rate
3,520.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Heating
YES
Cooling
AC.PACKAGE
Buildings
6
Stories
2
Units
528
Total area
66,905 SF
Lot
4.02 ac (175,111 SF)
APN
R5300708
UPID
US13-1586406
Jurisdiction
WELD
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
RETAIL STORES Current
Est. value
$11.5M
INDUSTRIAL (GENERAL)
Est. value
$13.0M
RESTAURANT
Est. value
$12.8M
OFFICE BUILDING
Est. value
$12.3M
COMMERCIAL (GENERAL)
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$11.2M
WAREHOUSE, STORAGE
Est. value
$10.9M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2021
Heating
YES
Cooling
Yes
Stories
2
Buildings
6
Units
528
Lot
4.02 ac
Current owner
From public records · entity-resolved
Lcerie Storage Limited Liability Co
Entity
Free & Clear · 2 yrs held
Mailing address
12460 1ST ST, EASTLAKE, CO 80614-5000
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2026
—
Erie Storage Limited Liability
—
Deed
related
$22,184,989 · Wellsfargobankna
Jan 30, 2024
—
Lcerie Storage Limited Liability Co
Superior Self Storage Management Co
Quit Claim Deed
related
—
Dec 29, 2021
$12,121,000
Superior Self Storage Management Co
Bonanza 7 LLC
Special Warranty Deed
—
Sep 10, 2020
—
Bonanza-7 LLC
—
Deed Of Trust
related
$9,500,000 · Great Wstrn Bk
Jan 30, 2020
$1,245,700
Bonanza-7 LLC
Bonanza Yard LLC
Grant Deed
—
Jul 23, 2009
—
Bonanza Yard LLC
County Road 3 Investors LLC
Quit Claim Deed
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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