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Property profile & analytics
OFF-MARKET
Gas stations
403 Main St Sterling, CO 80751
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1183831
Property summary
AI-generated overview
This exceptional 0.29-acre commercial land parcel, situated at 403 W Main St in Sterling, Colorado, presents a compelling redevelopment opportunity. Located in a designated Opportunity Zone, this property offers potential tax advantages for investors. The site boasts a highly visible position directly on Main Street, near Highway 76, ensuring significant exposure to the substantial daily traffic volume of 16,210 vehicles. Utilities are conveniently located on-site, simplifying development plans. The asking price is $450,000. Its proximity to Interstate 76 further enhances its accessibility and appeal. This property is ideal for entrepreneurs and developers seeking a strategic location with excellent visibility and potential tax benefits. The address is 403 W Main St, Sterling, CO 80751, and the zip code is 80751. This is a rare chance to acquire a prime commercial lot in a thriving Colorado community.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1968
Construction
WOOD
Total area
390 SF
Lot
0.29 ac (12,502 SF)
APN
5754000
UPID
US13-1183831
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
Favor Of Joshnik Lllp · 7 yrs held
Favor Of Joshnik Lllp
since 2019
5 recorded transactions
Zoning & alternative use
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 Sterling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,989
Tax year 2022
Assessed value
$41,660
Assessed 2023
Previous assessed
$171,830
-75.8% YoY
Effective rate
9.58%
On assessed value
Land market value
$125,000
Improvement market value
$24,290
Total market value
$149,290
Applied tax rate
117.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
390 SF
Lot
0.29 ac (12,502 SF)
APN
5754000
UPID
US13-1183831
Jurisdiction
LOGAN
Zoning & alternative use
Zoning · permitted uses
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
1968
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Favor Of Joshnik Lllp
Entity
Free & Clear · 7 yrs held
Mailing address
3184 W ELDER ST, BOISE, ID 83705-4709
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2019
—
Joshnik Lllp
—
Deed
related
$34,975,370 · Zions First Nat'l Bk
Apr 10, 2019
—
Joshnik Lllp
—
Deed
related
—
Apr 4, 2019
$1,506,100
Favor Of Joshnik Lllp
Som Incorpporated
Special Warranty Deed
—
—
—
Joshnik Lllp
—
Deed Of Trust
related
—
—
—
Joshnik Lllp
—
Loan Modification
related
$34,975,370 · Zions First Nat'l 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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