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Property profile & analytics
OFF-MARKET
Estimated value
$7,070,000
Retail space
680 Mitchell Way Erie, CO 80516-5450
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1478144
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
12,315 SF
Lot
1.78 ac (77,580 SF)
APN
R5341808
UPID
US13-1478144
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
-
Ideal Dental Erie Dental Office
-
Pho-Ever Restaurant
-
Smoke and Vape 2 (Bike/Boat/Book/etc) Store
-
Deka Lash Hair Salon
-
100% Chiropractic - Erie Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.07M
Owner & transaction history
Km Coal Creek LLC · 2 yrs held
Km Coal Creek LLC
since 2024
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+110.1%
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
$7,070,000
ML approach
$7,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,435,000
Change: +110% · Conversion: Difficult
Blend value · Realmo final
$7.07M
Range $6.36M – $7.78M · ±10% · vs last sale $7.07M (Mar 29 2024)
Last sale anchor
$7.07M
Mar 29 2024
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
$574 / 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
Assessed value
$695,130
Assessed 2023
Previous assessed
$695,130
+0.0% YoY
Assessed land
$357,210
Assessed improvement
$337,920
Land market value
$1,280,334
Improvement market value
$1,211,180
Total market value
$2,491,514
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
12,315 SF
Lot
1.78 ac (77,580 SF)
APN
R5341808
UPID
US13-1478144
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
AUTO REPAIR, GARAGE
Est. value
$4.4M
AUTO REPAIR, GARAGE
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
Heating
YES
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Km Coal Creek LLC
Entity
Mailing address
5555 SAN FELIPE ST STE #510, HOUSTON, TX 77056-2722
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$7,070,000
Km Coal Creek LLC
Lsp Coal Creek LLC
Special Warranty Deed
$3,750,000 · Southern Farm Bureau Life Insurance
May 24, 2022
—
Lsp Coal Creek LLC
—
Deed
related
$4,596,200 · Firstbank
Feb 17, 2022
—
Lsp Coal Creek LLC
—
Deed
related
$500,000 · Lsp Coal Creek LLC
Jul 15, 2021
—
Starbucks Corporation
Lsp Coal Creek LLC
Lease
—
Feb 25, 2020
—
Lsp Coal Creek LLC
—
Deed Of Trust
related
$150,000 · Collegiate Peaks Bk
Jun 30, 2016
$852,900
Lsp Coal Creek LLC
Erie Commercial LLC
Special Warranty Deed
—
Jun 8, 2009
—
Erie Commercial LLC
—
Deed Of Trust
related
$3,600,000 · James E Smith
—
—
Erie Commercial LLC
—
Loan Modification
related
$1,500,000 · James E Smith
—
—
Erie Commercial LLC
—
Loan Modification
related
$1,800,000 · Douglas J & Mary C Lyle
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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