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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office buildings
63 Spaulding Ave Pueblo West, CO 81007-5416
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0724699
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,508 SF
Lot
0.28 ac (12,325 SF)
Zoning code
B4:COMM/REG BUS DIST
APN
602403002
UPID
US13-0724699
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
$755k
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$435k
Blend (final)
Blend
$715k
Owner & transaction history
Pueblo West Metropolitan District · 1 yrs held
Pueblo West Metropolitan District
since 2025
Last sale
$710,000
4 recorded transactions
Zoning & alternative use
B4:COMM/REG BUS DIST · Pueblo West, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$725,000
+20.1%
Commercial (general)
$705,000
+16.9%
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 Pueblo West submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pueblo West 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
$935,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
WAREHOUSE, STORAGE
$725,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +17% · Conversion: Easy
INDUSTRIAL (GENERAL)
$490,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $710k (Apr 30 2025)
Last sale anchor
$710k
Apr 30 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
$130 / 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
$8,959
Tax year 2023
Assessed value
$97,720
Assessed 2023
Previous assessed
$91,860
+6.4% YoY
Effective rate
9.17%
On assessed value
Assessed land
$7,840
Assessed improvement
$89,880
Land market value
$28,101
Improvement market value
$322,166
Total market value
$350,267
Applied tax rate
70.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
5,508 SF
Lot
0.28 ac (12,325 SF)
Zoning code
B4:COMM/REG BUS DIST
APN
602403002
UPID
US13-0724699
Jurisdiction
PUEBLO
Zoning & alternative use
B4:COMM/REG BUS DIST · Pueblo West, CO
Zoning B4:COMM/REG BUS DIST · permitted uses
B4:COMM/REG BUS DIST · Pueblo West, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pueblo West. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$705,000
INDUSTRIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Pueblo West Metropolitan District
Individual
Mailing address
32 S JIBBSAM WAY, PUEBLO WEST, CO 81007-3669
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
$710,000
Pueblo West Metropolitan District
Dgp63 LLC
Warranty Deed
—
May 13, 2021
—
Ogp63 LLC
—
Deed
related
$418,750 · Legacy Bank
Aug 3, 2020
$567,500
Dgp63 LLC
Kevin Shriver
Special Warranty Deed
$425,000 · Bank Of The San Juans
—
—
Shriver,kevin J
—
Loan Modification
related
$290,931 · Wells Fargo Bk
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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