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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Retail space
3160 Vlg Vis Dr Erie, CO 80516-2528
Entity Owned
11-yr Hold
Free & Clear
Property ID
US13-0422894
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
7,200 SF
Lot
0.68 ac (29,577 SF)
APN
R4859407
UPID
US13-0422894
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
-
Foo Yung Express Restaurant
-
Members Only Or By Appointment - Colorado Precious Metals Exchange (Bike/Boat/Book/etc) Store
-
Village Vista Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Vista Ridge Cleaners (Bike/Boat/Book/etc) Store
-
The Hair Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.32M
Owner & transaction history
Village Vista Plaza INC · 11 yrs held
Village Vista Plaza INC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+13.6%
Restaurant
$1.4M
+11.5%
Office building
$1.3M
+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%
$1,355,000
6.5%
$1,250,000
7%
$1,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,235,000
Current use
INDUSTRIAL (GENERAL)
$1,400,000
Change: +14% · Conversion: Difficult
RESTAURANT
$1,375,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$1,320,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,245,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,200,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,175,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$183 / 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
Assessed value
$641,700
Assessed 2023
Previous assessed
$641,700
+0.0% YoY
Assessed land
$148,610
Assessed improvement
$493,090
Land market value
$532,638
Improvement market value
$1,767,362
Total market value
$2,300,000
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
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
7,200 SF
Lot
0.68 ac (29,577 SF)
APN
R4859407
UPID
US13-0422894
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
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
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
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.68 ac
Current owner
From public records · entity-resolved
Village Vista Plaza INC
Entity
Free & Clear · 11 yrs held
Mailing address
3160 VLG VIS DR UNIT #102, ERIE, CO 80516-2530
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2014
$1,400,000
Village Vista Plaza INC
Liberty Capital INC
Special Warranty Deed
—
Aug 13, 2014
—
Liberty Cap
Liberty Svgs Bk Fsb
Quit Claim Deed
—
Feb 1, 2011
—
Liberty Svgs Bk Fsb
Public Trustee Of Weld County
Trustees Deed
related
—
Jan 13, 2011
$1,623,260
Vista Ridge Properties One LLC
Public Trustee Of Weld County
Certificate Of Purchase
$1,592,500
Sep 11, 2009
—
Vista Ridge Properties One LLC
—
Deed Of Trust
related
$2,467,076 · Colorado Capital Bank
Sep 30, 2008
—
Vista Ridge Properties One LLC
Right Sky Properties LLC
Quit Claim Deed
related
$1,592,500 · Liberty Bank For Savings
—
—
Vista Ridge Properties One LLC
—
Deed Of Trust
related
$220,000 · Colorado Capital Bank
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.
Try Rey
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