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    Property profile & analytics

    409 Platte Ave Fort Morgan, CO 80701-3335

    • Office buildings
    • 4,121 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US13-0358454
    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

    • Platte Valley Hearing Center, Inc. / Medical Clinic / Audiologist
    • Dr. Alexandra Keenan / Audiologist / Practitioner Service Location

    Property Details for 409 Platte Ave

    Year built
    1900
    Construction
    WOOD FRAME
    Lot size
    0.28 lot acres
    Property size
    4,121 SF
    Property type
    Office buildings
    APN
    R005403
    APU
    R005403

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $265,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $245,000
      Mixed-Use
      $300,000
      Hospitality
      $295,000
      Educational
      $265,000
      Residential Income
      $330,000
      Energy
      $325,000
      Income-Based Land
      $305,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Morgan
    County
    Morgan
    State
    Colorado
    Longitude
    -103.796
    Latitude
    40.2543
    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
    $5,787
    $16,970
    $62,690
    $79,660
    -
    $60,840
    $224,690
    $285,530

    Comparable in this City

    • Value Estimation by Request
      1,769 SF

      100 Main St

      OFFICE BUILDING • 1,769 SF
      100 Main St, Fort Morgan, CO 80701-2105
      View Details
    • Value Estimation by Request
      7,756 SF

      821 Platte Ave

      OFFICE BUILDING • 7,756 SF
      821 Platte Ave, Fort Morgan, CO 80701-2943
      View Details
    • Value Estimation by Request
      680 SF

      215 Kiowa Ave

      OFFICE BUILDING • 680 SF
      215 Kiowa Ave, Fort Morgan, CO 80701-3109
      View Details
    • Value Estimation
      $365,000
      3,150 SF

      523 Euclid St

      OFFICE BUILDING • 3,150 SF
      523 Euclid St, Fort Morgan, CO 80701
      View Details
    • Value Estimation by Request
      1,100 SF

      115 Kiowa Ave

      OFFICE BUILDING • 1,100 SF
      115 Kiowa Ave, Fort Morgan, CO 80701-2124
      View Details
    • Value Estimation by Request
      5,424 SF

      225 Railroad Ave

      OFFICE BUILDING • 5,424 SF
      225 Railroad Ave, Fort Morgan, CO 80701-3134
      View Details

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      Fully Leased Retail Investment Opportunity

      Fully leased retail/office property with salon and spa tenants.
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    409 Platte Ave
    Fort Morgan, CO 80701-3335
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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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