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    Property profile & analytics

    402 Central Ave Wiggins, CO 80654-8935

    • Turn key restaurants
    • 1,510 SF
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Sep 06, 2024
    $400,000
    Location Intelligence
    Property ID
    US13-0391325
    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

    • Turn key restaurants

    Property Details for 402 Central Ave

    Year built
    1939
    Construction
    WOOD FRAME
    Property size
    1,510 SF
    Property type
    Turn key restaurants
    APN
    R012573
    APU
    R012573

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $395,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $470,000
      Mixed-Use
      $470,000
      Hospitality
      $435,000
      Educational
      $405,000
      Residential Income
      $490,000
      Energy
      $435,000
      Income-Based Land
      $355,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Wiggins
    County
    Morgan
    State
    Colorado
    Longitude
    -104.077
    Latitude
    40.2325
    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
    $5,923
    $42,970
    $21,410
    $64,380
    -
    $154,000
    $76,740
    $230,740

    Comparable in this City

    • Value Estimation by Request
      10,466 SF

      612 Central Ave

      RESTAURANT • 10,466 SF
      612 Central Ave, Wiggins, CO 80654
      View Details
    • Value Estimation
      $200,000
      1,644 SF

      101 Main St

      RESTAURANT • 1,644 SF
      101 Main St, Wiggins, CO 80654
      View Details
    • Value Estimation by Request
      2,976 SF

      5113 Us Hwy 6th 6

      RESTAURANT • 2,976 SF
      5113 Us Hwy 6th 6, Wiggins, CO 80654
      View Details
    • Value Estimation
      $435,000
      14,203 SF

      17104 Hwy 39

      RESTAURANT • 14,203 SF
      17104 Hwy 39, Wiggins, CO 80654-8904
      View Details
    • Value Estimation
      $195,000
      3,976 SF

      217 Main St

      BAR, TAVERN • 3,976 SF
      217 Main St, Wiggins, CO 80654-1369
      View Details
    • Value Estimation by Request
      4,618 SF

      124 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,618 SF
      124 Main St, Wiggins, CO 80654
      View Details

    Similar Nearby for Sale

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      Commercial Building in Wiggins, CO

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      Wiggins Automotive Shop with Lifts

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      Fully Leased Wiggins Commercial Property

      10,000 sq ft commercial property in Wiggins, Colorado for sale.
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      Fenced land with well, RV, and outbuildings near Wiggins.
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    402 Central Ave
    Wiggins, CO 80654-8935
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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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