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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Medical Office Space
440 Erie Pkwy, Erie, CO 80516-5435
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-1584177
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
4,119 SF
Lot
1.15 ac (50,138 SF)
APN
R5341508
UPID
US13-1584177
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
-
Neal J. Patel, DMD Dental Office
-
Coal Creek Family Dental Dental Office
-
Annissa N. Michael, DDS Dental Office
-
Nataliya Kachur Dental Office
-
Alec K. Sidehamer, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$500k
Owner & transaction history
Prd Owner LLC · 7 yrs held
Prd Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$755,000
+9.9%
Commercial (general)
$710,000
+3.5%
Retail stores
$705,000
+2.8%
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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$685,000
Current use
OFFICE BUILDING
$755,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$710,000
Change: +3% · Conversion: Easy
RETAIL STORES
$705,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$675,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$121 / 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
$56,659
Tax year 2023
Assessed value
$558,000
Assessed 2023
Previous assessed
$558,000
+0.0% YoY
Effective rate
10.15%
On assessed value
Assessed land
$251,850
Assessed improvement
$306,150
Land market value
$902,682
Improvement market value
$1,097,318
Total market value
$2,000,000
Applied tax rate
1,333.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
4,119 SF
Lot
1.15 ac (50,138 SF)
APN
R5341508
UPID
US13-1584177
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
MEDICAL BUILDING Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$675,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2017
Heating
YES
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Prd Owner LLC
Entity
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2018
—
Prd Owner LLC
Professional Resource Dev INC
Warranty Deed
$180,500,000 · Ubs Ag
Apr 20, 2018
—
Professional Resource Dev INC
—
Grant Deed
related
$150,000,000 · Wells Fargo Bk
Jul 26, 2017
—
Professional Resource Dev INC
Malvi Acquisitions LLC
Grant Deed
—
Dec 29, 2016
$755,000
Malvi Acquisitions LLC
Erie Commercial LLC
Grant Deed
—
Jun 8, 2009
—
Erie Commercial LLC
—
Deed Of Trust
related
$3,600,000 · James E Smith
—
—
Erie Commercial LLC
—
Loan Modification
related
$1,500,000 · James E Smith
—
—
Erie Commercial LLC
—
Loan Modification
related
$1,800,000 · Douglas J & Mary C Lyle
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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