Property profile

300 Savage Ave Lamar, CO 81052

OFF-MARKET
Retail space
Property ID
US13-2043435
37,409 SF Built 1985
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail site with a building size of 40,522 square feet and frontage on U.S. Highway 385. The property was structured to support long-term retail tenancy, with an executed 15-year lease extension associated with the property’s operating history. The location is positioned near major traffic generators, including a large cattle feeding ranch, Lamar Community College, and Powers Medical Center, and is within an area that includes a substantial number of farms across Prowers and surrounding counties. The property is described as having minimal landlord responsibilities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 37,409 SF
APN 200010011
UPID US13-2043435

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pet Store & Service

Location

300 Savage Ave Lamar, CO 81052-4121
Lamar metro Census 300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$890k

Owner & transaction history

since 2017
6 recorded transactions
2019
Price N/A
2017
$2.7M
2016
Price N/A
2015
$2.7M
2015
Price N/A
2014
$850,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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