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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Auto shops
5390 Hunt Cir Elizabeth, CO 80107-9225
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0632330
Property summary
AI-generated overview
This exceptional 71.12-acre agricultural property in Elizabeth, Colorado, presents a unique investment opportunity. Located at 5390 Hunt Circle, Elbert County, zip code 80107 (39.4944392, -104.5575064), this land boasts a prime location near the new Moorstead Development project and directly abuts the Spring Valley Golf Course. The property is zoned A, offering potential for rezoning to suit individual needs. Access is ensured via a deeded easement along adjacent land. Note that rezoning, entitlements, and any future uses are the responsibility of the purchaser
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1996
Total area
13,380 SF
Lot
79.13 ac (3,446,772 SF)
Zoning code
A
APN
64283-00-267
UPID
US13-0632330
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
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Spruce Land Holding Hd LLC · 1 yrs held
Spruce Land Holding Hd LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
A · Elizabeth, CO
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 Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,585,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Sep 30 2024)
Last sale anchor
$1.20M
Sep 30 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
$90 / 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
$10,931
Tax year 2023
Assessed value
$157,820
Assessed 2023
Previous assessed
$157,820
+0.0% YoY
Effective rate
6.93%
On assessed value
Assessed land
$5,880
Assessed improvement
$151,940
Land market value
$21,217
Improvement market value
$551,908
Total market value
$573,125
Applied tax rate
34.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1996
Heating
NONE
Total area
13,380 SF
Lot
79.13 ac (3,446,772 SF)
Zoning code
A
APN
64283-00-267
UPID
US13-0632330
Jurisdiction
ELBERT
Zoning & alternative use
A · Elizabeth, COZoning A · permitted uses
A · Elizabeth, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.6M
RETAIL STORES
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
1996
Heating
NONE
Lot
79.13 ac
Current owner
From public records · entity-resolved
Spruce Land Holding Hd LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7400 E ORCH RD3000N, GREENWOOD VILLAGE, CO 80111-2528
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
$700,000
Spruce Land Holding Hd LLC
Vamfphunt LLC
Special Warranty Deed
—
Sep 30, 2024
—
Vamfp Hunts LLC
Lead Funding II LLC
Quit Claim Deed
related
—
Aug 28, 2024
$3,200,000
Bead Funding II LLC
Colorado Farms LLC
Sheriffs Deed
related
—
Aug 20, 2024
$3,200,000
Lakeport Cf LLC
Colorado Farms LLC
Sheriffs Deed
related
—
Jun 8, 2020
$530,000
Colorado Farms LLC
Colorado Farms LLC
Grant Deed
related
—
Oct 23, 2019
—
Colorado Farms LLC
—
Grant Deed
related
$5,200,000 · Lakeport Cf LLC
Aug 27, 2018
—
Hunt Family LLC
Hunt,karen J
Quit Claim Deed
—
Aug 27, 2018
$1,200,000
Manager Of Hunt Family LLC
Midfirst Trusts
Personal Representative Deed
—
May 7, 2018
—
Hunt Family LLC
Big R Construction Co INC
Grant Deed
related
—
—
—
Big R Construction Co INC
—
Deed Of Trust
related
$110,000 · Amfirst Bank
—
—
Colorado Farms LLC
—
Deed Of Trust
related
$854,944 · Rady Dyer
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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