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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail space
584 Briggs St Erie, CO 80516-5021
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0973087
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1880
Total area
1,488 SF
Lot
0.09 ac (3,746 SF)
APN
R5758486
UPID
US13-0973087
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
-
Flagship Properties Property Management Company Homeowners' Association
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Jmc Real Estate Limited A Colorado · 2 yrs held
Jmc Real Estate Limited A Colorado
since 2024
Last sale
$670,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$535,000
+110.1%
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 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
$670,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$535,000
Change: +110% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $670k (Apr 17 2024)
Last sale anchor
$670k
Apr 17 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
$450 / 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
$12,798
Tax year 2023
Assessed value
$132,520
Assessed 2023
Previous assessed
$132,520
+0.0% YoY
Effective rate
9.66%
On assessed value
Assessed land
$15,690
Assessed improvement
$116,830
Land market value
$56,250
Improvement market value
$418,750
Total market value
$475,000
Applied tax rate
5,378.0000
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
1880
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
1,488 SF
Lot
0.09 ac (3,746 SF)
APN
R5758486
UPID
US13-0973087
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
AUTO REPAIR, GARAGE
Est. value
$535,000
AUTO REPAIR, GARAGE
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
1880
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Jmc Real Estate Limited A Colorado
Individual
Mailing address
PO BOX 866, ERIE, CO 80516-0866
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
$670,000
Jmc Real Estate Limited A Colorado
584 Briggs St LLC
Special Warranty Deed
$536,000 · First Interstate Bank
Dec 30, 2020
$475,000
584 Briggs St LLC
Bc Properties Ltd Liability Co
Grant Deed
$362,475 · Bc Properties Ltd
Jul 20, 2015
$296,000
Bc Properties LLC
Smb Investments LLC
Grant Deed
—
Apr 11, 2008
—
Smb Investments LLC
Blades,shavonne M
Warranty Deed
related
—
Sep 5, 2006
$225,000
Shavonne M Blades
John M Gstalder
Warranty Deed
$225,000 · Slt Investments LLC
Sep 5, 2006
—
John M Gstalder
Best Case Scenario LLC
Warranty Deed
—
—
—
Smb Investments LLC
—
Deed Of Trust
related
$148,000 · Summit Bank & Trust
—
—
Best Case Scenario LLC
—
Deed Of Trust
related
$101,450 · Compass Bank
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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