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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Retail space
3120 Vlg Vis Dr Erie, CO 80516-2589
Individually Owned
2-yr Hold
Free & Clear
Property ID
US13-0519533
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
8,446 SF
Lot
1.56 ac (67,910 SF)
APN
R6775781
UPID
US13-0519533
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
-
Bertsch Investment Strategies Financial Advisor
-
Sweet Pearls Cafe & Coffee Shop
-
Busaba Erie Restaurant
-
Si Señor! Mexican Food Restaurant
-
Sakura Sushi Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.60M
Owner & transaction history
Brian Bertsch · 2 yrs held
Brian Bertsch
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+13.6%
Restaurant
$1.6M
+11.5%
Office building
$1.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,590,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,450,000
Current use
INDUSTRIAL (GENERAL)
$1,645,000
Change: +14% · Conversion: Difficult
RESTAURANT
$1,615,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$1,550,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,460,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,410,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,380,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±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
$189 / 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
$117,876
Tax year 2023
Assessed value
$793,750
Assessed 2023
Previous assessed
$793,750
+0.0% YoY
Effective rate
14.85%
On assessed value
Assessed land
$341,010
Assessed improvement
$452,740
Land market value
$1,222,272
Improvement market value
$1,622,728
Total market value
$2,845,000
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
2008
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
8,446 SF
Lot
1.56 ac (67,910 SF)
APN
R6775781
UPID
US13-0519533
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
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
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
2008
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
1.56 ac
Current owner
From public records · entity-resolved
Brian Bertsch
Individual
Free & Clear · 2 yrs held
Mailing address
151 COMMANDER CIR, ERIE, CO 80516-8147
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
Brian Bertsch
Christopher C Jensen
Bargain And Sale Deed
—
Sep 23, 2019
—
Village Vista LLC
—
Deed
related
$1,750,000 · Miscellaneous Ins Co
Apr 12, 2018
—
Village Vista LLC
—
Deed
related
$150,000 · Guaranty Bank & Trust Co
May 4, 2012
$1,025,000
Village Vista LLC
First Citizens Bk & Trust Co
Grant Deed
$770,000 · John C Richert
Oct 28, 2011
—
First Citizens Bk & Trust Co
Colorado Cap Bk
Quit Claim Deed
—
Oct 25, 2011
—
Owner Name Unavailable
Deputy Public Te Of Weld Cnty
Trustees Deed
related
—
Jun 24, 2011
$1,150,000
Right Sky Properties LLC
Deputy Public Te Of Weld Cnty
Certificate Of Purchase
$2,008,588
—
—
Village Vista LLC
—
Deed Of Trust
related
$1,750,000 · Miscellaneous Ins Co
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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