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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Warehouses
706 12th St, Greeley, CO 80631-4006
Trust Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-1021110
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
3,000 SF
Lot
0.21 ac (9,017 SF)
APN
R0165290
UPID
US13-1021110
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
$625k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$482k
Blend (final)
Blend
$625k
Owner & transaction history
Bleu Collar Trust · 1 yrs held
Bleu Collar Trust
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$550,000
+28.1%
Medical building
$500,000
+16.5%
Commercial (general)
$475,000
+10.2%
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 Greeley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greeley 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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
OFFICE BUILDING
$550,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$500,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$475,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$460,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Oct 28 2024)
Last sale anchor
$625k
Oct 28 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
$208 / 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
$8,265
Tax year 2023
Assessed value
$104,630
Assessed 2023
Previous assessed
$104,630
+0.0% YoY
Effective rate
7.90%
On assessed value
Assessed land
$20,090
Assessed improvement
$84,540
Land market value
$72,000
Improvement market value
$303,000
Total market value
$375,000
Applied tax rate
2,689.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
SPACE
Stories
1
Total area
3,000 SF
Lot
0.21 ac (9,017 SF)
APN
R0165290
UPID
US13-1021110
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
WAREHOUSE, STORAGE Current
Est. value
$430,000
OFFICE BUILDING
Est. value
$550,000
MEDICAL BUILDING
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$475,000
RETAIL STORES
Est. value
$460,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1981
Heating
SPACE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Bleu Collar Trust
Trust
Mailing address
PO BOX 865, GREELEY, CO 80632-0865
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
$625,000
Bleu Collar Trust
2985 1st Ave LLC
Special Warranty Deed
—
Nov 17, 2022
—
1716 1st Ave LLC
—
Deed
related
$1,631,250 · First National Bank Of Omaha
May 3, 2022
—
Kevin Block
The Karmann Group LLC
Warranty Deed
$65,000 · Flagstar Bank Fsb
Jan 24, 2022
$440,000
United Colorado LLC
Backers LLC
Warranty Deed
—
Jan 24, 2022
$433,000
The Karmann Group LLC
United Colorado LLC
Special Warranty Deed
$350,000 · Capital Fund I LLC
Apr 2, 2020
—
Backers LLC
Aaron Backer
Quitclaim Deed
related
$258,700 · Firstbank
Jan 7, 2019
—
Danielle H Backer
—
Deed
related
$58,500 · Firstbank
Dec 11, 2018
$320,000
Aaron Backer
Toile LLC
Warranty Deed
$181,462 · Firstbank
Dec 4, 2018
—
Toile LLC
Toile LLC
Quitclaim Deed
related
—
Dec 22, 2016
—
Moffat Flats LLC
Stern,eric
Warranty Deed
related
—
Oct 5, 2015
$225,000
Paint Spot INC
Rogers,stanley F
Warranty Deed
—
Jan 21, 2010
—
Stanley F Rogers
Rogers Dorothy W
Quit Claim Deed
related
$26,000 · Servicemaster Acceptance Co LP
—
—
Rogers William H Family Trust
—
Deed Of Trust
related
$75,000 · New Frontier Bank
—
—
Rogers William H Family Trust
—
Deed Of Trust
related
$75,000 · New Frontier Bank
—
—
Rogers William H Family Trust
—
Deed Of Trust
related
$75,000 · New Frontier Bank
—
—
Rogers William H Family Trust
—
Deed Of Trust
related
$50,000 · New Frontier Bank
—
—
Rogers William H Family Trust
—
Deed Of Trust
related
$135,000 · New Frontier Bank
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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