Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
400 2nd St La Salle, CO 80645-3069
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0090147
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Total area
3,200 SF
Lot
0.98 ac (42,689 SF)
APN
R4325086
UPID
US13-0090147
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
$540k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$323k
Blend (final)
Blend
$525k
Owner & transaction history
Margarita Carmona · 6 yrs held
Margarita Carmona
since 2020
Last sale
$472,500
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$585,000
+12.3%
Retail stores
$550,000
+5.0%
Medical building
$535,000
+2.1%
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 La Salle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Salle 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
$525,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$525,000
Current use
OFFICE BUILDING
$585,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +5% · Conversion: Moderate
MEDICAL BUILDING
$535,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$460,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $473k (Mar 26 2020)
Last sale anchor
$473k
Mar 26 2020
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
$164 / 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
$12,094
Tax year 2023
Assessed value
$189,920
Assessed 2023
Previous assessed
$189,920
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$59,550
Assessed improvement
$130,370
Land market value
$213,445
Improvement market value
$467,295
Total market value
$680,740
Applied tax rate
166.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
SPACE
Buildings
5
Stories
1
Total area
3,200 SF
Lot
0.98 ac (42,689 SF)
APN
R4325086
UPID
US13-0090147
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
WAREHOUSE, STORAGE Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$550,000
MEDICAL BUILDING
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$460,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1985
Heating
SPACE
Stories
1
Buildings
5
Lot
0.98 ac
Current owner
From public records · entity-resolved
Margarita Carmona
Individual
Mailing address
420 S 2ND ST, LA SALLE, CO 80645-3050
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
$472,500
Margarita Carmona
Storage One Of Lasalle LLC
Grant Deed
$231,750 · James Schmid
Mar 26, 2008
$715,400
Roger Kahn
Doran,jeffrey
Grant Deed
—
Apr 26, 2007
$715,400
Storage One Of Lasalle LLC
Doran,jeffrey W & Brenda S
Warranty Deed
—
Oct 11, 2006
$566,850
Jeffrey W Doran
Ultra Wash LLC
Warranty Deed
$412,500 · Centennial Bank Of The West
May 31, 2006
$550,000
Ultra Wash LLC
Leonetti Trust
Warranty Deed
$412,500 · Centennial Bank Of The West
—
—
Leonetti Trust
—
Deed Of Trust
related
$121,000 · Farmers 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 400 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
