3725 Cleveland Ave Wellington, CO 80549-5053
Individually Owned
~
Est. High Equity
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID
US13-1123186
Property summary
AI-generated overview
This charming, historic Wellington Hotel building, constructed in 1901 and renovated in 1955, offers multiple office suites for lease. The property, zoned for Downtown Commercial use, boasts a total of 3,360 square feet across two stories, situated on 1.7 acres of land. Currently, 404 square feet of office space is available for lease. The building features 12 total parking spaces and is conveniently located in the Wellington submarket's Downtown cluster, with easy access to I-25 and proximity to 2nd St. Available suites include Suite D (150 sq ft, $500/month), Suite A (137 sq ft, $500/month), and Suite Z (117 sq ft, $450/month). Suites A and Z can be combined for a total of 254 sq ft at $900/month. Leases are modified gross, encompassing basic internet, trash removal, landscaping, exterior maintenance, snow removal, taxes, and property insurance. The building offers modern amenities including air conditioning. This presents a unique opportunity to establish your business in a revitalized downtown area experiencing population growth.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1901
Construction
WOOD FRAME
Total area
3,360 SF
Lot
0.17 ac (7,405 SF)
APN
89334-09-001
UPID
US13-1123186
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Clothing Store
-
Charitable Organization Social Service Agency
-
Alternative Medicine Practice
-
Marketing & Advertising Advertising Agency
-
Wellness Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$480k
Blend (final)
Blend
$285k
Owner & transaction history
since 2025
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$885,000
+13.0%
Auto repair, garage
$800,000
+2.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$285k
Value range
$257k – $314k
±10% around blend
Estimated value / SF
$85 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
$257k
blend $285k
$314k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,360 SF
Lot area
0.17 ac
Year built
1901
Stories
2
APN
89334-09-001
Assessed value
$150,716
Annual tax
$15,080
3
Income approach: direct capitalization
Partial preview
Income approach indication
$780k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$845k
@ 6.5% CAP return
$780k
@ 7% CAP return
$725k
4
Sales comparison
Partial preview
Sales approach indication
$1.07M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.8 mi away · 2,759 SF
10.3 mi away · 3,358 SF
13.5 mi away · 3,520 SF
13.7 mi away · 2,398 SF
20.0 mi away · 2,789 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$285k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 257 sales
$233
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $85/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+13%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$500k
Move the market yield to see immediate price impact.
Value / SF
$149
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$32k
$630k
$450k
$350k
$35k
$700k
$500k
$389k
$39k
$770k
$550k
$428k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.35M
9.1 mi · Dec 2025 · $385/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,080
Tax year 2023
Assessed value
$150,716
Assessed 2023
Previous assessed
$150,716
+0.0% YoY
Effective rate
10.01%
On assessed value
Assessed land
$21,427
Assessed improvement
$129,289
Land market value
$76,800
Improvement market value
$463,400
Total market value
$540,200
Applied tax rate
1,500.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1901
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Units
7
Rooms
8
Total area
3,360 SF
Lot
0.17 ac (7,405 SF)
APN
89334-09-001
UPID
US13-1123186
Jurisdiction
LARIMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1901
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Units
7
Rooms
8
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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