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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Manufacturing properties
4035 County Line Rd Erie, CO 80516-8444
Individually Owned
~
Est. High Equity
Property ID
US13-0858531
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1999
Construction
STEEL FRAME
Total area
7,000 SF
Lot
0.87 ac (37,897 SF)
Zoning code
3115
APN
1465-13-0-17-001
UPID
US13-0858531
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
-
RE/MAX Vista Real Estate Agency
-
The Folger Group at RE/MAX Vista Real Estate Agency
-
Erie Auto Sales Auto Repair Shop
-
Simple Interlock Building Supply General Contractor
-
The Handlebar Factory & Tap Room Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.39M
Owner & transaction history
Joshua D Kelderman
Joshua D Kelderman
since 2026
6 recorded transactions
Zoning & alternative use
3115 · Erie, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+6.1%
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 Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie 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%
$1,415,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,365,000
Current use
WAREHOUSE, STORAGE
$1,445,000
Change: +6% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,210,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$199 / 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
$41,865
Tax year 2023
Assessed value
$369,675
Assessed 2023
Previous assessed
$233,247
+58.5% YoY
Effective rate
11.32%
On assessed value
Assessed land
$223,200
Assessed improvement
$146,475
Land market value
$800,000
Improvement market value
$525,000
Total market value
$1,325,000
Applied tax rate
1,392.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
7,000 SF
Lot
0.87 ac (37,897 SF)
Zoning code
3115
APN
1465-13-0-17-001
UPID
US13-0858531
Jurisdiction
BOULDER
Zoning & alternative use
3115 · Erie, CO
Zoning 3115 · permitted uses
3115 · Erie, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1999
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Joshua D Kelderman
Individual
Mailing address
PO BOX 791, ERIE, CO 80516-0791
Ownership since
2026
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
Jan 7, 2026
—
Joshua D Kelderman
Sharon Kelderman
Deed
related
—
Oct 11, 2019
—
Sharon Kelderman
Sharon Kelderman
Quit Claim Deed
related
—
—
—
Larry G Kelderman
—
Deed Of Trust
related
$62,400 · Great Western Bank
—
—
Larry G Kelderman
—
Deed Of Trust
related
$260,611 · Flatirons Bank
—
—
Larry G Kelderman
—
Deed Of Trust
related
$75,000 · Flatirons Bank
—
—
Larry G Kelderman
—
Deed Of Trust
related
$250,000 · Ralph & Joyce Hardesty
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
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