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Property profile & analytics
FOR SALE
Warehouses
525 E Railroad Ave Keenesburg, CO 80643
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0479271
For Sale
$2,250,000
525 E Railroad Ave, Keenesburg, CO 80643
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Total area
9,600 SF
Lot
2.11 ac (91,912 SF)
APN
R7439098
UPID
US13-0479271
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
$1.65M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.73M
Owner & transaction history
Western Land & Water Group LLC · 1 yrs held
Western Land & Water Group LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+17.1%
Office building
$1.8M
+12.3%
Industrial (general)
$1.7M
+9.9%
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 Keenesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keenesburg 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%
$1,785,000
6.5%
$1,645,000
7%
$1,530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,570,000
Current use
RESTAURANT
$1,835,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$1,760,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,725,000
Change: +10% · Conversion: Easy
RETAIL STORES
$1,645,000
Change: +5% · Conversion: Moderate
MEDICAL BUILDING
$1,600,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,385,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $2.22M (Dec 21 2024)
Last sale anchor
$2.22M
Dec 21 2024
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
$180 / 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
$15,749
Tax year 2023
Assessed value
$225,560
Assessed 2023
Previous assessed
$225,560
+0.0% YoY
Effective rate
6.98%
On assessed value
Assessed land
$61,440
Assessed improvement
$164,120
Land market value
$220,205
Improvement market value
$588,234
Total market value
$808,439
Applied tax rate
303.0000
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
For Sale
Year built
1945
Heating
SPACE
Stories
1
Total area
9,600 SF
Lot
2.11 ac (91,912 SF)
APN
R7439098
UPID
US13-0479271
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
$1.6M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1945
Heating
SPACE
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Western Land & Water Group LLC
Entity
Mailing address
121 S TEJON ST STE #201, COLORADO SPRINGS, CO 80903-2254
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$2,220,000
Western Land & Water Group LLC
525 E Railroad Company LLC
Special Warranty Deed
—
Dec 29, 2022
$500,000
525 E Railroad Company LLC
Bryan Foster
Warranty Deed
—
Jun 12, 2020
—
Bryan Foster
—
Deed
related
$29,250 · Warranty Properties LLC
Mar 6, 2018
$750,000
Bryan Foster
Jd East LLC
Grant Deed
—
Jul 12, 2012
$263,500
Jd East LLC
Iam Mfg LLC
Warranty Deed
—
Nov 6, 2008
—
Iam Mfg LLC
Mcsherry,ronald T
Quit Claim Deed
related
—
Oct 17, 2008
$225,000
Ronald T Mcsherry
Press,alex
Warranty Deed
$165,000 · Vrm Pp/tr (tr)
Feb 2, 2005
$131,774
Us Bank NA Nd
Public Trustee Of Weld County
Trustees Deed
related
—
—
—
Bryan Foster
—
Deed Of Trust
related
$29,250 · Warranty Properties LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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