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    311 W Main St Sterling, CO 80751

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    311 W Main St Sterling, CO 80751

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    • Grocery and convenience stores
    • 3,786 SF
    • 0.46 lot acres
    For Lease
    View Listing →
    Retail/Office Space at Intersection For Lease
    Contact for pricing
    1,380 SF

    Retail/Office Space at Intersection

    Vacant retail/office space at a signalized intersection.

    311 W Main St, Sterling, CO
    View Listing
    Property ID
    US13-1153744
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7-Eleven / Grocery & Convenience Store
    • Myers Dumpster Service / Waste Management Facility / Hazardous Waste Disposal
    • Pristine Keystone Insurance / Insurance Agency
    • Western Union / Bank / Credit Union
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 311 W Main St

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property size
    3,786 SF
    Property type
    Grocery and convenience stores
    APN
    3655100
    APU
    3655100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Logan
    State
    Colorado
    Longitude
    -103.215
    Latitude
    40.6251
    CBSA code
    44540
    CBSA name
    STERLING, CO MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,625
    $0.00
    $0.00
    $94,510
    -
    $167,500
    $171,260
    $338,760

    Comparable in this City

    • Value Estimation by Request
      3,018 SF

      2170 Chestnut St

      CONVENIENCE STORE • 3,018 SF
      2170 Chestnut St, Sterling, CO 80751-4316
      View Details
    • Value Estimation
      $700,000
      22,828 SF

      217 3rd St

      GROCERY, SUPERMARKET • 22,828 SF
      217 3rd St, Sterling, CO 80751-4301
      View Details
    • Value Estimation by Request
      3,594 SF

      1550 Chestnut St

      CONVENIENCE STORE • 3,594 SF
      1550 Chestnut St, Sterling, CO 80751
      View Details
    • Value Estimation by Request
      2,491 SF

      910 Main St

      CONVENIENCE STORE • 2,491 SF
      910 Main St, Sterling, CO 80751-2854
      View Details
    • Value Estimation by Request
      5,420 SF

      230 Broadway St

      CONVENIENCE STORE • 5,420 SF
      230 Broadway St, Sterling, CO 80751-2703
      View Details
    • Value Estimation by Request
      1,444 SF

      103 Logan St

      CONVENIENCE STORE • 1,444 SF
      103 Logan St, Sterling, CO 80751-2407
      View Details

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      Sterling Retail and Parking Package

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    • $599,000
      3,080 SF

      High-Visibility Sterling Retail Space

      Prime location, 3,080 sq ft, high traffic.
      531 Main St, Sterling, CO 80751
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      11,496 SF

      Mixed-Use Building in Downtown Sterling

      Mixed-use building with apartments and commercial space in downtown.
      137 N Front St, Sterling, CO 80751
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    Similar Nearby for Lease

    • Contact for pricing
      1,380 SF

      Retail/Office Space at Intersection

      Vacant retail/office space at a signalized intersection.
      311 W Main St, Sterling, CO 80751
      View Details
    • Contact for pricing
      3,840 SF

      Sterling Retail Space For Lease

      Retail spaces available in Sterling's main retail hub.
      1217-1327 W Main St, Sterling, CO 80751
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      Retail/Office Space in Sterling, CO

      Vacant retail/office space at a high-traffic intersection.
      311 West Main St, Sterling, CO 80751
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      Versatile Workspace Solutions Available Now

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      214 S 3Rd St, Sterling, CO 80751
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    • Sponsored
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      CO, Sterling - S 3rd St.

      Discover many ways to work your way in CO, Sterling - S 3rd St.
      214 3Rd St, Sterling, CO 80751
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    View Listing
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    311 W Main St
    Sterling, CO 80751
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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