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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
307 Welch Ave Berthoud, CO 80513-2668
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2702932
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1976
Construction
STEEL FRAME
Total area
3,240 SF
Lot
0.24 ac (10,498 SF)
APN
94231-20-001
UPID
US13-2702932
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
$535k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$545k
Owner & transaction history
Norco Commercial LLC · 4 yrs held
Norco Commercial LLC
since 2021
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$905,000
+113.2%
Retail stores
$855,000
+101.3%
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 Berthoud submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berthoud 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
$505,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$425,000
Current use
COMMERCIAL (GENERAL)
$905,000
Change: +113% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +101% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $565k (Dec 13 2021)
Last sale anchor
$565k
Dec 13 2021
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
$168 / 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
$13,844
Tax year 2023
Assessed value
$157,635
Assessed 2023
Previous assessed
$109,272
+44.3% YoY
Effective rate
8.78%
On assessed value
Assessed land
$24,915
Assessed improvement
$132,720
Land market value
$89,300
Improvement market value
$475,700
Total market value
$565,000
Applied tax rate
2,400.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
3,240 SF
Lot
0.24 ac (10,498 SF)
APN
94231-20-001
UPID
US13-2702932
Jurisdiction
LARIMER
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 Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$905,000
RETAIL STORES
Est. value
$855,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1976
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Norco Commercial LLC
Entity
Mailing address
PO BOX 50676, COLORADO SPRINGS, CO 80949-0676
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Norco Commercial LLC
—
Deed
related
$236,000 · Norco Commerce LLC
Dec 13, 2021
$565,000
Norco Commercial LLC
Dwl Properties LLC
Special Warranty Deed
$282,500 · Anb Bank
Dec 21, 2015
$295,000
Dwl Properties LLC
Slafter Mowing INC
Warranty Deed
$252,000 · Advantage Bank
Jun 17, 2014
$225,000
Slafter Mowing INC
Placer Dev INC
Warranty Deed
$201,500 · Adams Bk&tr
Apr 1, 2013
$208,542
Placer Dev INC
Wendells Fertilizer INC
Grant Deed
—
Mar 27, 2012
$210,000
Wendells Fertilizer INC
Adams Bk & Trust
Grant Deed
—
Jan 19, 2012
—
Adams Bk & Trust
Public Trustee Of Larimer Cnty
Trustees Deed
related
—
Jan 6, 2012
$200,000
Joyce K Stoner
Public Trustee Of Larimer Cnty
Certificate Of Purchase
$238,500
Mar 6, 2006
$265,000
Joyce K Stoner
Adams Bank & Trust
Warranty Deed
$238,500 · Adams Bank & Trust
Jun 16, 2003
—
Asams Bank & Trust
Dazlich,angela
Trustees Deed
related
—
Jan 5, 2001
—
Russell A Parker
—
Trustees Deed
related
$150,000 · Us Bank NA
Jun 1, 1998
—
Russell A Parker
Bebo,lawrence L & Jacqueline D
Quit Claim Deed
related
—
—
—
Russell A Parker
—
Deed Of Trust
related
$150,000 · Us Bank NA
—
—
Russell A Parker
—
Deed Of Trust
related
$150,000 · Adams Bank & Trust
—
—
Russell A Parker
—
Deed Of Trust
related
$50,000 · Adams Bank & Trust
—
—
Russell A Parker
—
Deed Of Trust
related
$185,000 · Adams Bank & Trust
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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