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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Office buildings
685 Briggs St Erie, CO 80516-5022
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US13-0053032
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
FRAME
Total area
6,507 SF
Lot
0.26 ac (11,238 SF)
APN
R6779977
UPID
US13-0053032
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
-
Wild Sun Behavioral Services and Preschool Crisis Center Medical Clinic
-
Nuechterlein Team - Boulder Suburban Homes Real Estate Agency
-
Streamline Accounting, Inc. Accounting Firm Tax Preparation
-
Jodi De Luca Physician Medical Clinic
-
Dr. Vincent Carmellini Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$755k
Owner & transaction history
685 Briggs LLC · 19 yrs held
685 Briggs LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,195,000
Current use
RESTAURANT
$1,245,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,125,000
Change: -6% · Conversion: Easy
RETAIL STORES
$1,115,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$1,085,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,065,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$116 / 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
$22,710
Tax year 2023
Assessed value
$232,510
Assessed 2023
Previous assessed
$232,510
+0.0% YoY
Effective rate
9.77%
On assessed value
Assessed land
$43,510
Assessed improvement
$189,000
Land market value
$168,750
Improvement market value
$841,250
Total market value
$1,010,000
Applied tax rate
5,378.0000
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
1975
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
6,507 SF
Lot
0.26 ac (11,238 SF)
APN
R6779977
UPID
US13-0053032
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
$1.2M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
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
1975
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
685 Briggs LLC
Entity
Mailing address
685 BRIGGS ST, ERIE, CO 80516-5022
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
—
685 Briggs LLC
—
Deed
related
$350,000 · Anb Bank
Nov 21, 2022
—
685 Briggs LLC
—
Deed
related
$350,000 · Inbankshares Corp
May 18, 2021
—
685 Briggs LLC
—
Deed
related
$570,000 · Inbankshares Corp
Feb 1, 2018
—
685 Briggs LLC
—
Deed
related
$648,000 · Citywide Banks
Dec 28, 2007
—
685 Briggs LLC
—
Trustees Deed
related
$780,000 · Pueblo Bank & Trust Co
Sep 28, 2006
—
685 Briggs LLC
Mccallum,jennifer
Warranty Deed
—
May 6, 2004
$300,000
Jennifer Mccallum
Hilyard,jennifer A
Grant Deed
$240,000 · American Mortgage Network INC
—
—
685 Briggs LLC
—
Deed Of Trust
related
$729,717 · Westerra Cu
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
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