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Property profile & analytics
FOR LEASE
Warehouses
Gateway Dr Berthoud, CO 80513
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0712921
For Lease
$2,645,000
Gateway Dr, Berthoud, CO 80513
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
14,800 SF
Lot
1.66 ac (72,310 SF)
APN
R0168301
UPID
US13-0712921
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
$2.74M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.65M
Owner & transaction history
Backbone Properties LLC · 3 yrs held
Backbone Properties LLC
since 2023
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+77.6%
Retail stores
$3.1M
+42.4%
Office building
$2.9M
+33.4%
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 Berthoud submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berthoud 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
$2,610,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
$2,750,000
6.5%
$2,540,000
7%
$2,360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,185,000
Current use
AUTO REPAIR, GARAGE
$3,875,000
Change: +78% · Conversion: Easy
RETAIL STORES
$3,110,000
Change: +42% · Conversion: Moderate
OFFICE BUILDING
$2,910,000
Change: +33% · Conversion: Difficult
RESTAURANT
$2,830,000
Change: +30% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,635,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$2,470,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,140,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.66M (Jul 5 2023)
Last sale anchor
$2.66M
Jul 5 2023
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
$179 / 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
$56,550
Tax year 2023
Assessed value
$619,380
Assessed 2023
Previous assessed
$619,380
+0.0% YoY
Effective rate
9.13%
On assessed value
Assessed land
$164,330
Assessed improvement
$455,050
Land market value
$589,014
Improvement market value
$1,630,986
Total market value
$2,220,000
Applied tax rate
568.0000
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
For Lease
Year built
2002
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
14,800 SF
Lot
1.66 ac (72,310 SF)
APN
R0168301
UPID
US13-0712921
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
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
RESTAURANT
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2002
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Backbone Properties LLC
Entity
Mailing address
PO BOX 413, LOVELAND, CO 80539-0413
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
$2,664,500
Backbone Properties LLC
Klx Energy Services LLC
Warranty Deed
$2,520,000 · Independent Bank
Oct 29, 2014
$2,001,575
B & E Re Holdings LLC
Roberts,gary
Grant Deed
—
Sep 26, 2014
$2,000,000
Gary Roberts
Swofford Properties LLC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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