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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Warehouses
3159 State Hwy 52 Erie, CO 80516-9432
Individually Owned
5-yr Hold
Property ID
US13-0956734
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
WOOD
Total area
2,916 SF
Lot
1.03 ac (44,867 SF)
APN
R5666686
UPID
US13-0956734
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
-
August Automotive Specialties Auto Repair Shop Vehicle Inspection Center
-
News Computer Repair Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Kerri L Neal · 5 yrs held
Kerri L Neal
since 2021
Last sale
$790,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+120.6%
Office building
$535,000
+12.3%
Commercial (general)
$505,000
+5.7%
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
$845,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,050,000
Change: +121% · Conversion: Easy
OFFICE BUILDING
$535,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $790k (Jul 27 2021)
Last sale anchor
$790k
Jul 27 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
$290 / 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
$7,783
Tax year 2023
Assessed value
$100,320
Assessed 2023
Previous assessed
$100,320
+0.0% YoY
Effective rate
7.76%
On assessed value
Assessed land
$34,560
Assessed improvement
$65,760
Land market value
$232,411
Improvement market value
$558,231
Total market value
$790,642
Applied tax rate
2,300.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
RADIANT
Buildings
4
Stories
1
Rooms
6
Bathrooms
1
Total area
2,916 SF
Lot
1.03 ac (44,867 SF)
APN
R5666686
UPID
US13-0956734
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
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$505,000
RETAIL STORES
Est. value
$500,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1982
Construction
WOOD
Heating
RADIANT
Stories
1
Buildings
4
Rooms
6
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Kerri L Neal
Individual
Mailing address
2609 ROCK CRK DR, FORT COLLINS, CO 80528-3120
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2021
$790,000
Kerri L Neal
Jeffrey A Cartwright
Special Warranty Deed
$711,000 · Angel Oak Mortgage Solutions LLC
Jan 10, 2018
$380,000
Jeffrey A Cartwright
Thompson,patti
Warranty Deed
$280,000 · Patsy A Thompson
—
—
Jeffrey A Cartwright
—
Deed Of Trust
related
$74,000 · Keybank USA
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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