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Property profile & analytics
OFF-MARKET
Office buildings
38619 Monroe St Agate, CO 80101-5002
Individually Owned
9-yr Hold
Free & Clear
Property ID
US13-0848485
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
WOOD FRAME
Total area
840 SF
Lot
0.16 ac (7,013 SF)
Zoning code
R-2
APN
79014-01-008
UPID
US13-0848485
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Agate Mutual Telephone Coopera · 9 yrs held
Agate Mutual Telephone Coopera
since 2016
4 recorded transactions
Zoning & alternative use
R-2 · Agate, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Agate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Agate 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,059
Tax year 2023
Assessed value
$19,180
Assessed 2023
Previous assessed
$21,910
-12.5% YoY
Effective rate
5.52%
On assessed value
Assessed land
$760
Assessed improvement
$18,420
Land market value
$2,729
Improvement market value
$66,036
Total market value
$68,765
Applied tax rate
20.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Bathrooms
1
Total area
840 SF
Lot
0.16 ac (7,013 SF)
Zoning code
R-2
APN
79014-01-008
UPID
US13-0848485
Jurisdiction
ELBERT
Zoning & alternative use
R-2 · Agate, COZoning R-2 · permitted uses
R-2 · Agate, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Agate Mutual Telephone Coopera
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 38, AGATE, CO 80101-0038
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2016
$20,000
Agate Mutual Telephone Coopera
Noah,amy
Quit Claim Deed
related
—
Jun 6, 2016
—
Amy Noah
Pitzer F Larry
Grant Deed
related
—
Apr 15, 2013
—
Larry Pitzer
Pitzer Gail K
Quit Claim Deed
related
—
Aug 25, 2011
—
Gail Pitzer
Benjamin,robert L
Quit Claim Deed
related
—
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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