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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Distribution centers
651 Main St Mancos, CO 81328-8831
Entity Owned
~
Est. High Equity
Property ID
US13-1892376
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Total area
34,176 SF
Lot
5.7 ac (248,292 SF)
Zoning code
LI
APN
560528100016
UPID
US13-1892376
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
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.50M
Owner & transaction history
Southwest Real Estate LLC
Southwest Real Estate LLC
since 2025
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
LI · Mancos, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
LI: Light Industrial. The Light Industrial District is designed to accommodate a wide variety of industrial and manufacturing activities and to enhance the economic development of the Town. It is intended for application in areas already developed with light industrial structures and areas designated light industrial on the future development plan map in the…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
9.80 ac
Source
municipal code
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 Mancos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mancos 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
$1,600,000
ML approach
$1,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.35M (Jul 28 2025)
Last sale anchor
$1.35M
Jul 28 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
$44 / 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
$13,266
Tax year 2023
Assessed value
$183,240
Assessed 2023
Previous assessed
$148,102
+23.7% YoY
Effective rate
7.24%
On assessed value
Assessed land
$15,660
Assessed improvement
$167,580
Land market value
$54,000
Improvement market value
$577,862
Total market value
$631,862
Applied tax rate
61,039.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
34,176 SF
Lot
5.7 ac (248,292 SF)
Zoning code
LI
APN
560528100016
UPID
US13-1892376
Jurisdiction
MONTEZUMA
Zoning & alternative use
LI · Mancos, COZoning LI · permitted uses
LI · Mancos, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
LI: Light Industrial. The Light Industrial District is designed to accommodate a wide variety of industrial and manufacturing activities and to enhance the economic development of the Town. It is intended for application in areas already developed with light industrial structures and areas designated light industrial on the future development plan map in the comprehensive plan. (k)
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
9.80 ac
Source
municipal code
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
5.7 ac
Current owner
From public records · entity-resolved
Southwest Real Estate LLC
Entity
Mailing address
206 S DIANTHUS ST, MANHATTAN BEACH, CA 90266-6725
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
$1,350,000
Southwest Real Estate LLC
The Glynis R Ablon Trust
Special Warranty Deed
—
Dec 16, 2022
$1,700,000
The Glynis R Ablon Trust
Mesa Verde Holdings LLC
Special Warranty Deed
—
Sep 19, 2019
$5,000
Mesa Verde Holdings LLC
Gilbert Garcia
Warranty Deed
$300,000 · Gilbert Garcia
Mar 15, 2019
—
Gilbert Garcia
Sherry Garcia
Intrafamily Transfer
related
—
Dec 14, 2018
—
Gilbert Garcia
Sherry Garcia
Intrafamily Transfer
related
—
Jun 23, 2016
—
Gilbert Garcia
—
Deed
related
$530,000 · Feather Ridge Investments INC
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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