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    Property profile & analytics

    400 State St Fort Morgan, CO 80701-2120

    • Office buildings
    • 6,392 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Last Sale
    Apr 30, 2024
    $467,500
    Location Intelligence
    Property ID
    US13-1075319
    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

    • Office buildings

    Property Details for 400 State St

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.21 lot acres
    Property size
    6,392 SF
    Property type
    Office buildings
    APN
    R006309
    APU
    R006309

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $440,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $430,000
      Mixed-Use
      $455,000
      Hospitality
      $420,000
      Educational
      $540,000
      Residential Income
      $535,000
      Energy
      $580,000
      Income-Based Land
      $575,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Morgan
    County
    Morgan
    State
    Colorado
    Longitude
    -103.8
    Latitude
    40.2515
    CBSA code
    22820
    CBSA name
    FORT MORGAN, CO MICROPOLITAN 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
    $7,371
    $12,560
    $86,610
    $99,170
    -
    $45,000
    $310,440
    $355,440

    Comparable in this City

    • Value Estimation
      $395,000
      2,048 SF

      23101 Hwy 52

      OFFICE BUILDING • 2,048 SF
      23101 Hwy 52, Fort Morgan, CO 80701-9401
      View Details
    • Value Estimation
      $295,000
      672 SF

      405 Industry Dr

      OFFICE BUILDING • 672 SF
      405 Industry Dr, Fort Morgan, CO 80701-4420
      View Details
    • Value Estimation
      $325,000
      2,124 SF

      229 Kiowa Ave

      OFFICE BUILDING • 2,124 SF
      229 Kiowa Ave, Fort Morgan, CO 80701-3109
      View Details
    • Value Estimation
      $375,000
      1,640 SF

      316 Meeker St

      OFFICE BUILDING • 1,640 SF
      316 Meeker St, Fort Morgan, CO 80701-2321
      View Details
    • Value Estimation
      $320,000
      2,428 SF

      615 Platte Ave

      OFFICE BUILDING • 2,428 SF
      615 Platte Ave, Fort Morgan, CO 80701-3338
      View Details
    • Value Estimation
      $200,000
      1,320 SF

      505 Platte Ave

      OFFICE BUILDING • 1,320 SF
      505 Platte Ave, Fort Morgan, CO 80701-2654
      View Details

    Similar Nearby for Sale

    • $575,000
      0.69 Acres

      Commercial Building with Office, Warehouse

      Commercial building with office and warehouse space for sale.
      1215 E Burlington Ave, Fort Morgan, CO 80701
      View Details
    • $695,000
      4,400 SF

      Fort Morgan Multi-Tenant Retail

      Fully leased, high-traffic retail investment.
      625 Platte Ave, Fort Morgan, CO 80701
      View Details
    • $790,000

      Downtown Office Building with Parking

      Five-unit office building in downtown area with private parking.
      217 Prospect St, Fort Morgan, CO 80701
      View Details
    • $790,000

      Downtown Fort Morgan Office Building

      Five-unit office building in downtown Fort Morgan, fully occupied.
      217-231 Prospect St, Fort Morgan, CO 80701
      View Details
    • $800,000

      Warehouse and Office Space Available

      18.84 acre property with warehouse and office space.
      19645 County Road Q, Fort Morgan, CO 80701
      View Details
    • $69,000

      Recreational Land in Blue Sky

      Land with lake access and open space in Fort Morgan.
      23 Lakeview Cir, Fort Morgan, CO 80701
      View Details
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    400 State St
    Fort Morgan, CO 80701-2120
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    Realmo Value Estimation

    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.

    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.

    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
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