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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
5403 Hwy 86 Elizabeth, CO 80107-7405
Entity Owned
Property ID
US13-0661690
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1932
Construction
WOOD
Total area
16,862 SF
Lot
5 ac (217,800 SF)
Zoning code
C
APN
84093-00-442
UPID
US13-0661690
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
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$1.14M
Owner & transaction history
Mountain Plains Investments Corproa
Mountain Plains Investments Corproa
since 2025
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
C · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.29M (Jun 22 2025)
Last sale anchor
$1.29M
Jun 22 2025
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
$68 / 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
$8,345
Tax year 2023
Assessed value
$110,230
Assessed 2023
Previous assessed
$120,710
-8.7% YoY
Effective rate
7.57%
On assessed value
Assessed land
$52,000
Assessed improvement
$58,230
Land market value
$186,397
Improvement market value
$208,710
Total market value
$395,107
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1932
Construction
WOOD
Heating
HOT WATER
Rooms
7
Bathrooms
1
Total area
16,862 SF
Lot
5 ac (217,800 SF)
Zoning code
C
APN
84093-00-442
UPID
US13-0661690
Jurisdiction
ELBERT
Zoning & alternative use
C · Elizabeth, COZoning C · permitted uses
C · Elizabeth, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1932
Construction
WOOD
Heating
HOT WATER
Rooms
7
Bathrooms
1
Lot
5 ac
Current owner
From public records · entity-resolved
Mountain Plains Investments Corproa
Entity
Mailing address
5403 HWY 86, ELIZABETH, CO 80107-7405
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Mountain Plains Investments Corproa
Holly Acres Nursery LLC
Quitclaim Deed
related
—
Sep 22, 2025
$1,285,000
Mountain Plains Investments Corproa
Cordes & Company LLP
Deed
—
Jul 14, 2025
—
James Allen Bonds
—
Deed
related
$89,957 · Fulter & Ahern PC
Jan 4, 2017
$50,000
Holly Acres Nursery LLC
Holly Acres INC
Warranty Deed
$412,200 · Bank Of The West
Jan 4, 2017
$245,000
Holly Acres INC
Blotter,arthur R JR & Beverly J
Warranty Deed
$170,000 · Arthur R JR & Beverly J Blotter
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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