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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Retail space
340 Justin Ave Platteville, CO 80651-7818
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1274749
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
11,046 SF
Lot
1.02 ac (44,562 SF)
APN
R4858607
UPID
US13-1274749
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
-
Platteville Family Dentistry Dental Office
-
LA HUASTECA Grocery & Convenience Store Specialty Food Shop
-
Subway Take-out & Catering
-
FR Clothing & Supply Clothing Store Boot Store
-
EL MERO Mero #2 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.25M
Owner & transaction history
Paulson Shopping Centers LLC · 4 yrs held
Paulson Shopping Centers LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+6.9%
Industrial (general)
$2.0M
+4.7%
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 Platteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Platteville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,895,000
Current use
OFFICE BUILDING
$2,025,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,985,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$1,845,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,805,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,595,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$113 / 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
$20,902
Tax year 2023
Assessed value
$369,820
Assessed 2023
Previous assessed
$369,820
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$46,610
Assessed improvement
$323,210
Land market value
$167,048
Improvement market value
$1,158,472
Total market value
$1,325,520
Applied tax rate
180.0000
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
Total area
11,046 SF
Lot
1.02 ac (44,562 SF)
APN
R4858607
UPID
US13-1274749
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
$1.9M
OFFICE BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
Lot
1.02 ac
Current owner
From public records · entity-resolved
Paulson Shopping Centers LLC
Entity
Mailing address
16371 COUNTY RD 13, PLATTEVILLE, CO 80651-9608
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
Paulson Shopping Centers LLC
Jessica Castro
Deed Of Distribution
—
Jun 22, 2020
—
Mark J Paulson
—
Deed
related
$1,400,000 · Bank Of Co
Jun 28, 2016
—
Robert S Von Eschen
—
Deed
related
$2,717 · Private Individual
Mar 7, 2016
$1,057,300
Mark J Paulson
80/20 LLC
Grant Deed
—
Mar 7, 2016
—
80/20 LLC
Bender,felicia A
Quit Claim Deed
related
—
May 23, 2012
—
80/20 LLC
Bender,felicia A
Quit Claim Deed
related
—
—
—
Robert S Von Eschen
—
Deed Of Trust
related
$2,717 · Private Individual
—
—
Mark J Paulson
—
Deed Of Trust
related
$1,400,000 · Bank Of 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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