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Property profile & analytics
OFF-MARKET
Estimated value
$8,990,000
Warehouses
4226 County Rd 22 Longmont, CO 80504-9403
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0188057
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
59,471 SF
Lot
4 ac (174,240 SF)
APN
R0258095
UPID
US13-0188057
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
$8.92M
CAP Approach
CAP
$10.21M
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$8.99M
Owner & transaction history
Gelston Plastics LLC · 2 yrs held
Gelston Plastics LLC
since 2023
Last sale
$9.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+7.1%
Industrial (general)
$11.0M
+4.1%
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 Longmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longmont 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
$8,815,000
ML approach
$8,920,000
CAP Approach
CAP Return
Estimation
6%
$11,055,000
6.5%
$10,205,000
7%
$9,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,615,000
Current use
RESTAURANT
$11,370,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,045,000
Change: +4% · Conversion: Easy
RETAIL STORES
$10,200,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$9,920,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.99M
Range $8.09M – $9.89M · ±10% · vs last sale $9.00M (Dec 28 2023)
Last sale anchor
$9.00M
Dec 28 2023
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
$151 / 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
$197,162
Tax year 2023
Assessed value
$2,190,150
Assessed 2023
Previous assessed
$2,190,150
+0.0% YoY
Effective rate
9.00%
On assessed value
Assessed land
$243,060
Assessed improvement
$1,947,090
Land market value
$871,200
Improvement market value
$6,978,800
Total market value
$7,850,000
Applied tax rate
2,334.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
ZONE
Cooling
YES
Buildings
4
Stories
1
Total area
59,471 SF
Lot
4 ac (174,240 SF)
APN
R0258095
UPID
US13-0188057
Jurisdiction
WELD
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
$10.6M
RESTAURANT
Est. value
$11.4M
INDUSTRIAL (GENERAL)
Est. value
$11.0M
RETAIL STORES
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$9.9M
WAREHOUSE, STORAGE Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1994
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
4
Lot
4 ac
Current owner
From public records · entity-resolved
Gelston Plastics LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8377 E HARTFORD DR #1000, SCOTTSDALE, AZ 85255-5685
Ownership since
2023
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
Dec 28, 2023
—
Gelston Plastics LLC
Store Master Funding Xxxiii LLC
Lease
—
Dec 28, 2023
$9,000,000
Store Master Funding Xxxiii LLC
White Peaks Property II LLC
Special Warranty Deed
$9,000,000 · Citibank NA
Dec 26, 2013
$2,373,605
White Peaks Property II LLC
Thomas C Lauridson
Special Warranty Deed
$2,822,000 · First Citizens Bank & Trust Co
Dec 26, 2013
$276,395
White Peaks Property II LLC
Lauridson Eulalie I
Grant Deed
—
—
—
John C Lauridson
—
Deed Of Trust
related
$931,000 · Farm Credit Service
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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