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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Warehouses
67399 Hwy 50 Montrose, CO 81401-9708
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US13-1413628
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
STEEL FRAME
Total area
8,775 SF
Lot
9.28 ac (404,237 SF)
APN
3767-243-09-002
UPID
US13-1413628
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
$1.29M
Blend (final)
Blend
$1.17M
Owner & transaction history
Triple Mmm Investments LLC · 6 yrs held
Triple Mmm Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+110.8%
Commercial (general)
$1.6M
+99.3%
Auto repair, garage
$1.3M
+64.0%
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 Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose 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
$785,000
Current use
OFFICE BUILDING
$1,655,000
Change: +111% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,565,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,290,000
Change: +64% · Conversion: Easy
RETAIL STORES
$1,220,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$133 / 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
$32,712
Tax year 2023
Assessed value
$468,680
Assessed 2023
Previous assessed
$468,680
+0.0% YoY
Effective rate
6.98%
On assessed value
Assessed land
$28,220
Assessed improvement
$440,460
Land market value
$112,760
Improvement market value
$1,760,540
Total market value
$1,873,300
Applied tax rate
1,010.0000
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
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
13
Bathrooms
1
Total area
8,775 SF
Lot
9.28 ac (404,237 SF)
APN
3767-243-09-002
UPID
US13-1413628
Jurisdiction
MONTROSE
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
$785,000
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
13
Bathrooms
1
Lot
9.28 ac
Current owner
From public records · entity-resolved
Triple Mmm Investments LLC
Entity
Mailing address
4152 N TOWNSEND AVE, MONTROSE, CO 81401-8111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
—
Triple Mmm Investments LLC
—
Deed
related
$400,000 · Timberline Bank
May 2, 2023
—
Triple Mmm Investments LLC
—
Deed
related
$400,000 · Timberline Bank
Sep 16, 2019
—
Mmm Investments LLC
—
Deed
related
$282,000 · Timberline Bank
Jul 29, 2019
—
Triple Mmm Investments LLC
Michael Z Newsom
Quit Claim Deed
related
—
Jul 29, 2019
$377,000
Triple Mmm Investments LLC
Michael Z Newsom
Special Warranty Deed
—
Jul 24, 2018
—
Timothy L And Therese A Hupp Trust
Timothy L Hupp
Intrafamily Transfer
related
—
Dec 2, 2016
—
Michael Z Newsom
Timothy L Hupp
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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