Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3822 Highway 119, CO

    • Warehouses
    • 2,880 SF
    • 3.15 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2022
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    10%
    Warehouses
    Location Intelligence
    Property ID
    US13-0975937
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 3822 Highway

    Year built
    1980
    Lot size
    3.15 lot acres
    Property size
    2,880 SF
    Property type
    Warehouses
    APN
    R8967192
    APU
    R8967192

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $535,000
      6.5%
      $495,000
      7%
      $460,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $470,000
      Current use
      OFFICE BUILDING
      $530,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $495,000
      Change: +5% Conversion: Moderate
      MEDICAL BUILDING
      $480,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $415,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    119
    County
    Weld
    State
    Colorado
    Longitude
    -104.984
    Latitude
    40.1595
    CBSA code
    24540
    CBSA name
    GREELEY, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,780
    $239,270
    $67,640
    $306,910
    -
    $857,589
    $242,411
    $1,100,000

    Comparable in this City

    • Value Estimation
      $1,320,000
      142,533 SF

      7990 Interstate 25th Frontage Rd

      WAREHOUSE, STORAGE • 142,533 SF
      7990 Interstate 25th Frontage Rd, Frederick, CO
      View Details
    • Value Estimation
      $235,000
      3,140 SF

      23349 County Road

      WAREHOUSE, STORAGE • 3,140 SF
      23349 County Road, 30, CO
      View Details
    • Value Estimation
      $215,000
      1,344 SF

      Marble Ave, CO

      WAREHOUSE, STORAGE • 1,344 SF
      Marble Ave, CO
      View Details
    • Value Estimation
      $1,185,000
      505,688 SF

      Howard Smith Avec6, CO

      WAREHOUSE, STORAGE • 505,688 SF
      2005, Howard Smith Avec6, CO
      View Details
    • Value Estimation
      $265,000
      11,040 SF

      Weston Elementary School, CO

      MINI-WAREHOUSE, STORAGE • 11,040 SF
      Weston Elementary School, CO
      View Details
    • Value Estimation
      $235,000
      4,950 SF

      3rd St, CO

      WAREHOUSE, STORAGE • 4,950 SF
      3rd St, CO
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      125,860 SF

      Refrigerated Storage and Production Facility

      125,860 SF refrigerated and ambient storage near major highways.
      1 Crazy Fresh Pl, Pueblo, CO
      View Details
    • $7,800,000
      22,270 SF

      Industrial Flex Space Opportunity

      22,270 SF industrial flex space with fenced yard.
      4880 Eagle Pl, Longmont, CO
      View Details
    • $4,875,000
      23,000 SF

      New Industrial Flex Space

      New construction industrial flex space leased to Red Bull.
      13794 E I-25 Frontage Rd, Mead, CO
      View Details
    • $610,000
      27,208 SF

      Automated Greenhouse and Industrial Buildings

      4.41 acre property with greenhouse and industrial buildings.
      7950 Maverick Ln, Ordway, CO
      View Details
    • Contact for pricing
      10,450 SF

      Industrial Outdoor Storage Site

      Single-tenant industrial site with outdoor storage and tenant income.
      7440 E I-25 Frontage Rd, Longmont, CO
      View Details
    • Contact for pricing
      12,711 SF

      Broadway Street Commercial Property

      Versatile commercial property suitable for various businesses.
      2600-2630 Broadway St, Denver, CO
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,253 SF

      Aurora Warehouse with Truck Court

      60,253 SF warehouse featuring a 130' truck court.
      19100 E 38 Ave, Aurora, CO
      View Details
    • $10 SF/Yr
      3,000 SF

      Industrial Warehouse with Secure Yard

      Warehouse space with secure yard, near I-76 and 74th Ave.
      8085-8095 Oneida St, Commerce City, CO
      View Details
    • Contact for pricing
      16,849 SF

      Aurora Warehouse Space For Lease

      16,849 SF corner unit with office space available for lease.
      16303 E 32 Ave, Aurora, CO
      View Details
    • $12 SF/Yr
      7,856 SF

      Industrial Space with Solar System

      7,856 SF industrial space with solar power in Louisville.
      740 S Pierce Ave, Louisville, CO
      View Details
    • Contact for pricing
      27,806 SF

      Parker Warehouse with Spec Office

      27,806 SF warehouse space with new spec office available for lease.
      15020 Compark Blvd, Parker, CO
      View Details
    • $1,105 /Mo
      1,620 SF

      Affordable Flex Space Available

      Affordable flex and warehouse spaces with easy access to I-225.
      10-60 S Havana St, Aurora, CO
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3822 Highway
    119, CO
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.