Back to Search
Property profile & analytics
FOR LEASE
Office buildings
671 Mitchell Way Erie, CO 80516
Entity Owned
11-yr Hold
Free & Clear
Property ID
US13-2100496
For Lease
Contact for pricing
671 Mitchell Way, Erie, CO 80516
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
13,374 SF
Lot
0.89 ac (38,725 SF)
APN
R6785993
UPID
US13-2100496
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
-
3D 4D Ultrasound Flatirons Prenatal Imaging Medical Clinic
-
Deters Law, LLC Law Firm
-
Dr. Ben DiNobile DC, MSACN, BRM Alternative Medicine Practice
-
Stephanie S. Smith, PSYD Physician Medical Clinic
-
Integral Physical Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.41M
Owner & transaction history
Coal Creek Office Park LLC · 11 yrs held
Coal Creek Office Park LLC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.6M
+6.2%
Restaurant
$2.6M
+4.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,035,000
6.5%
$2,800,000
7%
$2,600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,455,000
Current use
INDUSTRIAL (GENERAL)
$2,605,000
Change: +6% · Conversion: Difficult
RESTAURANT
$2,555,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,310,000
Change: -6% · Conversion: Easy
RETAIL STORES
$2,295,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$2,230,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$2,185,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±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
$180 / 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
$94,048
Tax year 2023
Assessed value
$920,700
Assessed 2023
Previous assessed
$920,700
+0.0% YoY
Effective rate
10.21%
On assessed value
Assessed land
$172,810
Assessed improvement
$747,890
Land market value
$619,376
Improvement market value
$2,680,624
Total market value
$3,300,000
Applied tax rate
1,333.0000
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
For Lease
Year built
2016
Heating
ZONE
Cooling
YES
Stories
2
Total area
13,374 SF
Lot
0.89 ac (38,725 SF)
APN
R6785993
UPID
US13-2100496
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
OFFICE BUILDING Current
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.2M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2016
Heating
ZONE
Cooling
Yes
Stories
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Coal Creek Office Park LLC
Entity
Free & Clear · 11 yrs held
Mailing address
720 AUSTIN AVE STE #200, ERIE, CO 80516-2423
Ownership since
2015
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
Jun 5, 2020
—
Coal Creek Office Park LLC
—
Deed
related
$1,425,976 · Wells Fargo Bk
Apr 13, 2017
—
Coal Creek Office Park LLC
—
Deed
related
$2,670,000 · Wells Fargo Bank NA
May 17, 2016
—
Coal Creek Office Park LLC
—
Deed
related
$2,250,000 · Susan Goodnature
Jan 15, 2015
$232,600
Coal Creek Office Park LLC
Erie Commercial LLC
Grant Deed
—
—
—
Coal Creek Office Park LLC
—
Loan Modification
related
$1,425,976 · Wells Fargo Bk
—
—
Coal Creek Office Park LLC
—
Deed Of Trust
related
$2,250,000 · Susan Goodnature
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
