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Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Office buildings
909 Railroad Ave Fort Morgan, CO 80701-3301
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0358451
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD FRAME
Total area
11,100 SF
Lot
1.52 ac (66,081 SF)
APN
R018526
UPID
US13-0358451
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
-
Banner Health Clinic: Primary Care Medicine Medical Clinic
-
Kari Kyte, PA-C Physician
-
Dr. Eileen G. Fong, MD Pediatrician Physician
-
Adriana Ardeljan, DO: General Surgery Medical Clinic Hospital
-
Burden Kristin A Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.75M
Owner & transaction history
Heidel Investments LLC · 10 yrs held
Heidel Investments LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fort Morgan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Morgan 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%
$2,010,000
6.5%
$1,855,000
7%
$1,720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,095,000
Current use
WAREHOUSE, STORAGE
$1,060,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±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
$157 / 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
$32,177
Tax year 2023
Assessed value
$404,760
Assessed 2023
Previous assessed
$283,310
+42.9% YoY
Effective rate
7.95%
On assessed value
Assessed land
$74,650
Assessed improvement
$330,110
Land market value
$267,570
Improvement market value
$1,183,190
Total market value
$1,450,760
Applied tax rate
25.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
NONE
Stories
1
Rooms
1
Bathrooms
8
Total area
11,100 SF
Lot
1.52 ac (66,081 SF)
APN
R018526
UPID
US13-0358451
Jurisdiction
MORGAN
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
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
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
1994
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
8
Lot
1.52 ac
Current owner
From public records · entity-resolved
Heidel Investments LLC
Entity
Free & Clear · 10 yrs held
Mailing address
662 LEHIGH CIR, ERIE, CO 80516-8491
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
—
Heidel Investments LLC
—
Deed
related
$80,000 · First National Bank
Apr 17, 2019
—
Heide Investments LLC
—
Deed
related
$150,000 · Advantage Bank
Apr 16, 2019
—
Heidel Investments LLC
—
Deed
related
$690,000 · Advantage Bank
Apr 22, 2016
$150,000
Heidel Investments LLC
Larrick William F Trust
Warranty Deed
—
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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