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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Warehouses
4000 Washington Ave, Wellington, CO 80549-1732
Entity Owned
18-yr Hold
Free & Clear
Property ID
US13-0600445
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Total area
11,900 SF
Lot
8.64 ac (376,184 SF)
APN
89280-00-010
UPID
US13-0600445
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
Current use
Occupant on record · Public records
-
Wellington Toy Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.13M
Owner & transaction history
Wellington Toy Storage LLC · 18 yrs held
Wellington Toy Storage LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+60.0%
Auto repair, garage
$2.8M
+44.4%
Office building
$2.8M
+41.6%
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,325,000
6.5%
$2,145,000
7%
$1,990,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,960,000
Current use
RETAIL STORES
$3,140,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,835,000
Change: +44% · Conversion: Easy
OFFICE BUILDING
$2,780,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,860,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10%
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
$179 / 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
$92,219
Tax year 2023
Assessed value
$878,850
Assessed 2023
Previous assessed
$551,000
+59.5% YoY
Effective rate
10.49%
On assessed value
Assessed land
$252,718
Assessed improvement
$626,132
Land market value
$905,800
Improvement market value
$2,244,200
Total market value
$3,150,000
Applied tax rate
1,500.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
42
Total area
11,900 SF
Lot
8.64 ac (376,184 SF)
APN
89280-00-010
UPID
US13-0600445
Jurisdiction
LARIMER
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
$2.0M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (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
2014
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
42
Lot
8.64 ac
Current owner
From public records · entity-resolved
Wellington Toy Storage LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 1587, WELLINGTON, CO 80549-8003
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2017
—
Wellington Toy Storage LLC
—
Deed
related
$1,543,518 · Points W Cmnty Bk
Jan 12, 2016
—
Wellington Toy Storage LLC
—
Trustees Deed
related
$859,044 · Points W Cmnty Bk
Jun 9, 2010
—
Wellington Toy Storage LLC
—
Trustees Deed
related
$400,000 · Points W Cmnty Bk
Mar 20, 2008
—
Wellington Toy Storage LLC
—
Trustees Deed
related
$475,000 · First Nat'l Bk/wellington
Mar 5, 2008
$450,000
Wellington Toy Storage LLC
Wellington North LLC
Warranty Deed
—
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$600,527 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$600,527 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$693,696 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$859,044 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$859,044 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$859,044 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Deed Of Trust
related
$377,624 · Points West Community Bank
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$1,543,518 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$1,543,518 · Points W Cmnty Bk
—
—
Wellington Toy Storage LLC
—
Loan Modification
related
$1,543,518 · Points W Cmnty Bk
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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