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Property profile & analytics
FOR SALE
Flex space
688 45 Rd De Beque, CO 81630
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-2114001
For Sale
1 / 55
Contact for pricing
688 45 Rd, De Beque, CO 81630
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Property summary
AI-generated overview
Exceptional investment opportunity: a stabilized, 100% occupied, Class C warehouse totaling 9,780 square feet on a 5.69-acre lot in De Beque, Colorado (81630). This single-tenant property, built in 2006, features a two-story building with 20-foot ceilings and boasts a strong corporate guarantee. The current lease, commencing December 15, 2022, and expiring December 1, 2024, includes a 3% annual rent escalation clause and a two-year renewal option. The property generates a substantial net operating income (NOI) of $102,000, resulting in a compelling 6.80% cap rate. The warehouse itself is equipped with six 14-foot automatic overhead doors, four of which are drive-through, and includes a service pit with oil pumping equipment. Additional features include a breakroom, IT room, offices, restrooms, and a storage closet. The property is fully fenced for enhanced security and has ample power (three-phase at 225V, 480V, and 225V). The asking price is $1,500,000, translating to $153.37 per square foot. This property presents a rare opportunity for a secure, high-yield investment with a proven tenant and significant upside potential. The property is zoned for commercial use.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2006
Construction
STEEL FRAME
Total area
9,780 SF
Lot
5.71 ac (248,728 SF)
Zoning code
AFT
APN
2445-272-20-003
UPID
US13-2114001
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
$1.16M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.04M
Owner & transaction history
KS INDUSTRIES LLC
KS INDUSTRIES LLC
Zoning & alternative use
AFT · De Beque, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$1.6M
+43.8%
Warehouse, storage
$1.4M
+23.7%
Office building
$1.4M
+23.2%
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 De Beque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs De Beque 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%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,110,000
Current use
COMMERCIAL (GENERAL)
$1,600,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,375,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$1,370,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$106 / 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
$10,934
Tax year 2023
Assessed value
$287,480
Assessed 2023
Previous assessed
$257,410
+11.7% YoY
Effective rate
3.80%
On assessed value
Assessed land
$67,710
Assessed improvement
$219,770
Land market value
$242,680
Improvement market value
$787,700
Total market value
$1,030,380
Applied tax rate
30,100.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
9,780 SF
Lot
5.71 ac (248,728 SF)
Zoning code
AFT
APN
2445-272-20-003
UPID
US13-2114001
Jurisdiction
MESA
Zoning & alternative use
AFT · De Beque, COZoning AFT · permitted uses
AFT · De Beque, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
5.71 ac
Current owner
From public records · entity-resolved
KS INDUSTRIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6205 DISTRICT BLVD, BAKERSFIELD, CA 93313-2141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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