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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Warehouses
5890 Wright Dr Loveland, CO 80538
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2505029
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
12,240 SF
Lot
1.09 ac (47,480 SF)
APN
86273-08-007
UPID
US13-2505029
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
$1.48M
Blend (final)
Blend
$1.15M
Owner & transaction history
Wig Elecktra LLC · 18 yrs held
Wig Elecktra LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Loveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loveland 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,805,000
Current use
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$94 / 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
$29,248
Tax year 2023
Assessed value
$379,607
Assessed 2023
Previous assessed
$305,022
+24.5% YoY
Effective rate
7.70%
On assessed value
Assessed land
$89,280
Assessed improvement
$290,327
Land market value
$320,000
Improvement market value
$1,040,600
Total market value
$1,360,600
Applied tax rate
2,211.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
12,240 SF
Lot
1.09 ac (47,480 SF)
APN
86273-08-007
UPID
US13-2505029
Jurisdiction
LARIMER
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
$1.8M
WAREHOUSE, STORAGE Current
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
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Wig Elecktra LLC
Entity
Mailing address
15215 RED CYN RNCH RD, LOVELAND, CO 80538-9184
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2017
—
Wig Elecktra LLC
—
Deed
related
$495,560 · Great Wstrn Bk
Feb 13, 2009
—
Wig Elecktra LLC
—
Trustees Deed
related
—
Oct 16, 2008
—
Wig Elecktra LLC
—
Trustees Deed
related
—
May 20, 2008
—
Wig Elecktra LLC
—
Trustees Deed
related
—
Nov 27, 2007
$1,010,000
Wig Elecktra LLC
Christians,kyl J
Warranty Deed
$36,575 · First Community Bank
Mar 3, 2004
$213,340
Kyl J Christians
Hargrave Enterprises LLC
Grant Deed
$170,668 · Bank One NA
Jun 9, 2003
$170,000
Hargrave Enterprises LLC
Drake,lawrence V
Grant Deed
$70,000 · Centennial Bank Of The West
Mar 29, 2000
$130,000
Lawrence V Drake
Glenn,david D
Grant Deed
$97,500 · First National Bank
Feb 2, 1999
$77,500
David D Glenn
Gregory,james H & Darla J
Grant Deed
—
Jan 14, 1998
$56,000
James H Gregory
Gustafson,harold & Cynthia
Grant Deed
$42,000 · Poudre Valley Bank
—
—
David D Glenn
—
Deed Of Trust
related
$58,125 · First National Bank
—
—
Wig Elecktra LLC
—
Deed Of Trust
related
$200,000 · Great Wstrn Bk
—
—
Jyl J Christians
—
Deed Of Trust
related
$600,000 · Bank One NA
—
—
Wig Elecktra LLC
—
Loan Modification
related
$495,560 · Great Wstrn Bk
—
—
Kyl Christians
—
Deed Of Trust
related
$450,400 · J P Morgan Chase Bank
—
—
Wig Elecktra LLC
—
Deed Of Trust
related
$504,000 · Front Range Regular Economic
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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