HomeMy WebLinkAbout20222024.tiffChloe White
From:
Sent:
To:
Cc:
Subject
Ashley Swavel <AshleyS@pivotaltax.com>
Monday, August 1, 2022 9:40 AM
CTB-County Board of Equalization
Appeals; Susan Gundry
Request to Withdraw - 2022-2024, AS0109
Caution: This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the
sender and know the content is safe.
Good morning,
Please accept this email as our office's request to withdraw appeal 2022-2024, AS 0109 for parcel R5274308 currently
scheduled for hearing on August 3, 2022.
Confirmation that this withdraw request has been received and processed would be greatly appreciated.
Thank you,
Ashley Swavel
Administrative Associate, Hearings Coordinator
Real Property
PIVOTAL
TAX SOLUTIONS
STATE & LO -CAL TAX ADVISORS
(480) 699-5938 Direct
(480) 615-0318 Fax
AshlevSna,PivotalTax. com
www.pivotaltax.com
This e-mail message is intended only for the named recipient(s) above. It may contain information that is confidential and/or
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IRS Circular 230 Disclosure: Please be informed that any U.S. federal tax advice contained in this communication (including any
attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal
Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed.
1 oaa- aoa9
A50
Thank you for submitting an appeal to the Weld County Board of Equalization. We will review the
information submitted and you will receive a date to appear before the board.
Contact Information:
Contact Name: Austin Glidewell
Contact Email: Appeals@PivotalTax.com
Contact Phone: 480-634-6169
Appeal Submitted: 04:09 PM July 14, 2022
Appeal submitted for:
R5274308 - HUTTON WINDSOR CO ST LLC
1585 MAIN ST, WINDSOR
Legal: WIN 2HS L2 HOEHNE 2ND FG
Reason: Value Too High - Current market and economic conditions support a lower valuation of the
subject property.
Estimate of Value: $617,500.00
Document(s) Submitted:
Account: All Accounts - Hutton.2022.RP.AA.COl.pdf
Account: All Accounts - R5274308.PivotalPacket.20221.pdf
You have selected the following Date Preferences:
Wednesday, August 3, 2022, from 1:30 p.m. - 4:00 p.m.
Monday, August 1, 2022, from 1:30 p.m. - 4:00 p.m.
Monday, August 1, 2022, from 10:30 a.m. - 12:00 p.m.
The Appeal process can take several weeks for us to complete. You will receive a written decision
on your appeal within five (5) working days of your hearing.
We thank you for your submittal.
Weld County Board of Equalization
2022-2024
Aso it
Agency Authorization
Real Property Tax Matters
This will serve as formal authorization and notification Hutton Com parry and related business entities (Client)
that Pivotal Tax Solutions, LLC (Pivotal) and its representatives are hereby granted authority to act on behalf of Client
in real property tax matters (including valuations, direct assessments, tax surcharges, service charges, fees and
additional assessments) for the current and all past years within the applicable statute of limitations for the parcels and
accounts listed on the attached Schedule A.
Specifically, Pivotal is delegated full authority to represent Client in filing, signing, negotiating, settling or otherwise
dealing with all matters relating to real and personal property tax appeals with the assessor's office, treasurer's office
and/or any other relevant government offices or agencies.
Furthermore, Pivotal is given authority to review, request and obtain copies of any and all information (including
appraisal records, tax bills and other pertinent information) held by the Assessor, Treasurer, or any other governmental
office or agency.
A photographic copy and/or a facsimile copy of this authorization are deemed to be the equivalent of the original
authorization and may be used as such. This authorization will remain in effect until revoked by letter and signed by
a corporate officer. Pivotal will provide Client with copies of appeals when required.
Authorized and Cei tifigd b y C4ientf
X11 l,j i
Signature: ,,: {t y�
l
r
Name/Title: Brandy Chadwick- Vice President of Operations
(Corporate Officer)
Pivotal Lead Agent: Christopher Glidewell / 480-634-6169
Pivotal Tax Solutions, LLC
202 North Lindsay Road, Suite 201
Mesa, AZ 85213
(480) 634-6169 — Phone
(480) 615-0318 — Fax
Appeals{rrIPivotaltax.com
Dater•iv
Phone:423-643-9206
Client: Hutton Company and related business entities
Agency Authorization for Calendar Year 2022 and Prior
State of . County of
te,1On this . s day of 20
S-ii17-E
01:
-?"f7:NN S8Li
IVO!A!y
PUBLIC
OF 1-i k
Vs
personalty appeared before me, and proved to me through,
satisfactory evidence of identification, which were ;';""'' "• .
to be the person whose name is signed on the preceding or
allached document in my presence.
NOTARY NAME HERE. Niq.! P:J;;'_c.
E.ty Ccnu I S o EvE; rr.s
Client: Hutton Company and related business entities
Agency Authorization for Calendar Year 2022 and Prior
Schedule A
These properties are either Owned, Occupied, and/or Controlled by Client.
State
County
Parcel
Address
Owner
Property
Property #
CO
Archuleta
R0O7836
2882 CORNERSTONE DR
Hutton Partners
LLC
OReilly's Pagosa
Springs
014-013
CO
Pueblo
501005013
5925 N ELIZABETH ST
HUTTON
GROWTH OF
PUEBLO EX LLC
Shopping Center
Pueblo A
070-008
CO
Pueblo
501005018
5931 N ELIZABETH ST
HUTTON
GROWTH OF
PUEBLO EX LLC
Shopping Center
Pueblo B
070-011
CO
Weld
R5274308
1585 MAIN ST
HUTTON
WINDSOR CO ST
LLC
Wendy's Windsor
251-000
PIVOTAL
TAX SOLUTIONS
STATE & LOCAL TAX ADVISORS
Hutton Company
1585 Main St
Windsor, CO
Parcel #R5274308
I
Value Summary
To Whom It May Concern:
The following is a history of the assessor's values over the past three years:
Year
Total Value
$/SF
2020
2021
5
5
407,325
891,520
5
5
191.32
418.75
2022
3
1,064,500
S
500.00
Based on our analysis, we are requesting the following value for this property:
Method
Value
$/SF
Sales Comparison
Cost
$ 761,751 / $ 357.80
5
826,407 388.17
Requested Value
5
826,407 / 388.17
2
Property Summary
Parcel Count:
Location:
Major Cross Streets:
Owner:
Year Built:
Effective Year:
Building Square Feet:
Land Square Feet:
Land/Build/Ratio:
2O22 Breakdown
1
1585 Main St in Windsor
Main St & 16th St
HUTTON WINDSOR CO ST LLC
2019
2019
2,129
54,755 Acres: 1.26
25.72
Value
$/SF
2022 Land Value:
2022 Imp Value: Leasable
2022 Total Value:
$ 629,502
434,898
1,064,500
Executive Summary
$ 11.50
$ 20427
$ 500.00
The Sales Comparison and Cost approach was used and supportive of a reduction. The Sales
Comparison approach uses other fast food and smaller restaurants to assess a market value. The
Cost approach uses Marshall & Swift to assess the value of improvements and vacant land parcels in
the area that are comparable in size, zoning and location that have sold in the recent past.
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Sales Comparables
Parcel
Sale Price
Sale Date
Address
Year Built
Bldg SF
$/SF
Land Size (Acres)
1/B Ratio
Subject
R5274308
1,064,500
1585 Main St
2019
2,129
500.00
1.26
25.72
Sale #1
85103-22-003
1,755,200
5/6/22
1620 Foxtrail Dr
2000
4,105
427.58
1.00
10.61
Sale #2
87073-24-001
2,000,000
9/21/21
320 S Link Ln
1963
9,264
215.89
0.92
4.33
Sale#3
105904300007
965,000
9/10/21
21 N Parish Ave
1918
3,500
275.71
0.14
1.74
Sale #4
95133-22-028
897,400
6/30/21
129 E 5th St
1901
3,403
263.71
0.08
1.00
Adjustments
Bldg Size Adj
Age Adj
Tota I Adjustments
0.0%
0.0%
0.0%
0.4%
9.5%
9.9%
1.4%
28.0%
29.4%
0.3%
50.5%
50.8%
0.3%
59.0%
59.3%
Adjusted $ '8F
500
469.89
Please refer to the next page for additional sales.
279,42
415.71
419,97
Adjusted Average $/SF
Adjusted Average Sale Value ($)
357.80
761,751
8
Sales Comparables Continued
Pia rce lI
Sale Price
Sale Date
Address
Year Built
Bldg SF
/SF
Land Size (Aeries)
L/8 Ratio
Adjustments
Bldg Size AdJ
Age Adj
Total Adjustments
Sale #5
97133-31-003
950,000
6/22/21
1510 S College
Ave
1922
6,390
148.67
0.33
2.25
0.9%
48.5%
49.4%
Sale #6
85171-11-002
2/150,000
2/8/21
3451 Mountain
Lion Dr
2013
6,107
352.06
1.61
11.48
0.8%
3.0%
Adjusted $/SF 222.04
3.8%
365.42
Sale #7
0807 2020 3004
1,290,000
7/17/20
1281 Main St
1999
4,289
300.77
1.01
10.26
0.4%
10.0%
10.4%
332.15
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Address �1City
Property
Info �r
Sale Info
1
1620 Foxtrail Dr
Loveland
4,105
Retail/Restaurant
SF General
Sold: $1,755,200 ($427.58/SF,
2
320 S
Link
Ln
Fort Collins
,
Retail/Restaurant
SF General
Sold: $2,000,000
($215.89/SF)
3
21
N Parish Ave
Johnstown
3,
0{
Retail/Restaurant
SF General
Sold: $965,000
($275.71/SF)
4
129 E 5th St
Loveland
3,403
SF General
Retail/Restaurant
Sold: $897,400
($263.71/SF)
5
1510 S College Ave
Fort + llins 6,390
Retail/Restaurant
SF General
Sold: $950,000
($148.67/SF)
6
3451 Mountain Lion Dr
Loveland
6,1
UH F General
Retail/Restaurant
Sold: $2,150,000
($352.06/SF)
7 1281 Main St Windsor
4,289
SF General
Retail/Restaurant
Sold: $'1,290,000 ($300.77/SF)
0 2022 Costar Group - Licensed to Pivotal Tax Solutions -12994 1269436.
6/1/2022
10
Page 1
1
1620
Loveland,
Sale
4,105
on
SF
Foxtrail
CO
516/2022
Retail
80538
for
Restaurant
Dr -
$1,755,200
McDonald's
Building
($427.58/SF)
Built
SOLD
- In Progress
in 2000
E
R
Ivilaittinney
Blvd
,Whitney
Blvd
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Map
data
(?)2022
Buyer & Seller Contact Info
Recorded Buyer: 1620 Foxtail
1000 Forest
Fort Worth,
True Buyer: -
Drive
Park
TX 76110
Blvd
LIc
Recorded Seller:
True Seller:
Seller Type:
NId Loveland
Benito
Benito
1000 Forest
Fort Worth,
(214) 981-8822
Individual
J
Hidalgo
Hidalgo
TX
Park
LIc
76110
Ave
Transaction Details ID: 6024241
Price/AC
Percent
Tenants
Escrow
No.
Asking
at
Document
Sale
Land
of
time
Sale
Sale
Price/SF:
Tenancy:
Tenants:
Parcel
Length:
Gross:
Leased:
of
History:
Date: 05/06/2022
-
Price: $1,755,200
Price: -
$427.58
$1,755,200.00
100.0%
Single
1
sale: McDonald's
No: 85103-22.003
No: 20220029625
Sold
Sold
-Full
for $1,755,200
on 11/14/2019
Value
Improved
($427.58/SF) on 51612022
Percent
Total
Land
Land
Year
Value
Value
Value
Assessed/AC:
Sale
Bldg
Built/Age:
Land
Improved:
Assessed:
Assessed
Assessed:
Type:
Type:
GLA:
Area:
Investment
Built
4,105
1
100.0%
$232,000
$232,000
-
-
Retail - Restaurant
in 2000 Age: 22
SF
AC (43,560 SF)
in 2021
2022 costar Group - Licensed to Pivotal Tax solutions -1269436.
6/1/2022
11
Paget
1620 Foxtrail i I Dr - McDonald's
4,105 SF Retail Restaurant Building Built in 2000 (con't)
SOLD
Current Retail Information
ID: 11043613
Property Type:
Center:
Bldg Status:
Owner Type:
Zoning:
Owner Occupied:
Retail - Restaurant
McDonald's
Built in 2000
-
No
Rent/SFr: -
CAM: -
Expenses: 2021 Tax @ $4.40/sf
Parking: 42 Surface Spaces are available
(3 LAw:
Total Avail:
% Leased:
Bldg Vacant:
Land Area:
Lot Dimensions:
Building FAR:
No. of Stores:
Location Information
4,105 SF
0 SF
100.0%
0 SF
1 AC
0.09
Metro Market:
Submarket:
County:
CBSA:
DMA:
Denver
Fort CollCollins Ret/Fort Collins Ret
Larimer
Fort Collins, GO
Denver, CO -WY -NE
2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
12
Page 3
2
320 S
Fort Collins,
Sale on 9/21/2021
9,264 SF
Link
Retail
CO
Ln
80524
for $2,000,000
Restaurant
($215.89/SF)
Building
SOLD
- Research Complete
Built in 1963, Renov 1980
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Buyer & Seller Contact Info
Recorded Buyer:
True Buyer:
Buyer Type:
Howland
Michael
Michael
1613
Fort
(970)
Other
Linden
Collins,
231-7635
-
Private
J
Howland
Link,
Howland
Lake
CO
LLC
Rd
80524
Recorded Seller: Torema
True Seller: Thomas
Thomas
2919
Fort
(970)
Seller Type: Individual
Teal
Collins,
299-0383
Lic
Stoner
Stoner
Eye Ct
CO 80526
Transaction Details r ID: 5695028
Price/AC
Percent
Tenants
Escrow
Asking
No.
at
Document
Sale
Land
of
time
Sale
Sale
Price/SF:
Tenancy:
Tenants:
Financing:
Parcel
Date:
Length:
Price:
Price:
Gross:
Leased:
of sale:
No:
No:
History:
09/21/2021
-
2,000,00
-
$215.89
$2,173,913.04
100.0%
Single
1
Spoons,
Down
$1,740,000.00
$200,000.00
87073-24-001
20210087917
Sold
Sold
Full Value
Soups & Salads
payment of $60,000.00
from Bank
from Bank
for $2,000,0 ($215.89/SF)
for $747,500 ($80.69/SF)
Improved
(3.0%)
of Colorado
of Colorado
on 9/21/2021
on 10/15/2015
Total
Land
Percent
Land
Year
Value
Value
Value
Assessed/AC:
Sale
Bldg
Land
Improved:
Assessed:
Assessed
Assessed:
Built/Age:
Type:
Type:
Area:
GLA:
Investment
Retail
Built
9,204
0.92
90.3%
$1,450,000
$1,310,000
$140,000
$152,173
in
AC
- Restaurant
1963, Renov 1980
SF
(40,075 SF)
in 2020
Age: 58
0 2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
13
Page 4
320SLinkLn
9,264 SF
Retail
Restaurant Building Built in 1963, Renov 1980 (con't)
SOLD
Transaction Notes
On
The
The
The
September 21,
property was
seller's motivation
information was
2021,
built
the
in 1963
for selling
verified
9,264
with
by Public
was
square
renovations
due
foot,
to retirement.
Record.
class
completed
c, general
retail building was sold at 320 5 Link Lane, Fort Collins, CO.
in 1980.
uill Income Expense
Data
Expenses
- Operating
Expenses
Total Expenses
- Taxes
$33,750
$33,750
Current Retail Information
ID: 8107408
Property
Bldg
Owner
Owner
Rent/SF
Street
Occupied:
Expenses:
Frontage:
Features:
Type:
Center:
Status:
Type:
Zoning:
CAM
Parking:
r:
Retail
-
Built
Other
I
No
-
: -
288
2021
50
Pylon
feet
free
- Restaurant GLA: 9,264
Total Avail: 0 SF
in 1963, Renov 1980 % Leased: 100.0%
- Private Bldg Vacant: 0 SF
Land Area: 0.92
Lot Dimensions: -
Building FAR: 0.23
No. of Stores: -
on Lincoln Ave (with 2 curb cuts)
Tax @ $3.64151.
Surface Spaces are available
Sign, Signage
Location Information
SF
AC
Metro
Submarket:
Market:
County:
CBSA:
DMA:
Denver
Fort Collins
Larimer
Fort Collins,
Denver,
Ret/Fort Collins Ret
CO
CO -WY -NE
O 2022 CoSiiar Group - Licensed to Pivotal Tax Solutions - 1269436.
6/1/2022
14
Page 5
320SLinkLn
07264 SF
Retail
SOLD
Restaurant Building Built in 1963, Renov 1980 (con't)
Parcel
Legal
Description:
Number:
County:
87073-24-001
-
Lari mer
Plat Map:
320 S Link Ln
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O 2022 CoStar Group - Licensed to Pivotal Tax Solutions -1299436.
6/1/2022
15
Page 6
3
21
Johnstown,
Sale
3,500
N
on
SF
Parish
CO
9/10/2021
Retail
Ave
80534
for
Restaurant
$965,000 ($275.71/SF)
Building
SOLD
- Research Complete
Built in 1918, Renov 2016
-.-
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Buyer & Seller Contact Info
Recorded Buyer:
True Buyer
Buyer Type:
Buyer Broker:
21 North
Wing
Brian
2700-2704
Greeley,
(970)
Corporate/User
Cushman
Aki
(970)
Palmer
Shack
Seifried
356-7900
267-7727
Parish
West,
S 8th
CO 80631
at Wakefield
LLC
Ave
Inc.
Recorded Seller: Kristen
True Seller: Kristen
Kristen
4125
Broomfield,
(303)
Seller Type: Individual
Listing Broker: Casey
Casey
(303)
Broadmoor
903-1037
903-1037
M
Schultz
Shultz
Schultz
M
Schultz
Schultz
CO 80023
Loop
■
Transaction Details ID: 5675529
Price/AC
Percent
Sale
Sale
Escrow
Sale
Asking
Price/
Land
Conditions:
Parcel
Length:
Gross:
Leased:
Date:
Price:
Price:
No:
0911012021
45
$965,000
$1,250,000
F: $275.71
$6,892,857.14
-
Business
Option
105904300007
days
-Confirmed
(57 days
Value
Included,
on market)
Lease
Improved
Total
Land
Land
Year
Percent
Value
Value
Value
Assessed/AC:
Sale
Bldg
Land
Improved:
Assessed:
Assessed:
Built/Age:
Assessed
Type:
Type:
GLA:
Area:
Owner
Retail
Built
3,500
0.14
92.1%
$315,000
$290,000
$25,000
$178,571
User
- Restaurant
in 1918, Renov 2016
SF
AC (6,098 SF)
in 2020
Age: 103
2022 Costar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
16
Pagel
21 N Parish Ave
3,500 SF Retail Restaurant Building Built in 1918, Renov 2016 (con't)
J
SOLD
Transaction Notes
1
On September 10, 2021, the 3,500 square foot retail/restaurant building located at 21 N Parish Ave, Johnstown, CO 80534 sold for
$965,000 or $275.71 per square foot. The property was delivered originally in 1918 but fully renovated in 2016, and is currently built out as a
restaurant/brewery setup.
This property was on the market for 58 days with an asking price of $1,250,000. It was in escrow for 45 days.
The intended tenant will be a Wing Shack in year end 2021.
Casey Shuzltz represented the buyer in this transaction.
Aki Palmer of Cushman & Wakefield represented the buyer.
The sale date, sale price, square footage, and property type were confirmed by the buyer brokerage and the true buyer of the property.
Income Expense Data
Expenses
- Taxes
- Operating Expenses
Total Expenses
$10,367
$10,367
Current Retail Information ID: 12304182
Property Type:
Center:
Bldg Status:
Owner Type:
Zoning:
Owner Occupied:
Retail - Restaurant
Built in 1918, Renov 2016
Corporate/User
Yes
Rent/SF/Yr: -
CAM: -
Expenses: 2021 Tax @$2.96/sf
GLA:
Total Avail:
% Leased:
Bldg Vacant:
Land Area:
Lot Dimensions:
Building FAR:
No. of Stores:
Location Information
3,500 SF
0SF
100.0%
0SF
0.14 AC
0.57
Metro Market:
Submarket:
County:
CBSA:
CSA:
DMA:
Denver
Greeley Ret/Greeley Ret
We l d
Greeley, CO
Denver -Aurora, CO
Denver, CO -WY -NE
O 2022 Costar Group - Licensed to Pivotal Tax Solutions -12994 1269436.
6/1/2022
17
Page 8
21
3,500
N
SF
Parish
Retail
Ave SOLD
Restaurant Building Built in 1918, Renov 2016 (con't)
Parcel
Legal
Description:
Number:
County:
105904300007
-
Weld
Plat Map:
21 N Parish Ave
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2022 Costar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
18
Page 9
4
129E
Loveland,
Sale
3,403
on
5th
6/30/2021
SF Retail
CO
St
80537
for $897,400
Restaurant
($263.71/SF)
Building
SOLD
- Research Complete
Built in 1901, Renov 2018
EathSt
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Map
data
Q2022
Buyer & Seller Contact
Info
_
Recorded Buyer:
True Buyer:
Buyer Type:
Buyer Broker:
129 E 5th
Hot Corner
Steve Taylor
107-109
Fort Collins,
(970) 266-2612
Corporate/User
Commercial
Patty Spencer
(970) 407-9900
N
Street,
College
LLC
Concepts
Ave
CO 80524
Real Estate Brokers, LLC
Recorded
True
Seller
Listing
Seller: Edward
Seller: Edward
Edward
2063
Longmont,
Type: Individual
Broker: NAI
Andy
(970)
C
C
Schroeder
Condor
Affinity
Smith
693-0075
Schroeder
Schroeder
CO80503
Ct
■ Transaction Details
ID: 5562450
Price/AC
Percent
Tenants
Escrow
No.
Sale
Sale
Asking
Price/SF:
Land
of Tenants:
at time
Financing:
Parcel
Document
Length:
Gross:
Leased:
of
Date:
Price:
Price:
sale:
No:
No:
06/30/2021
-
'};97,400
$'1,075,000
$263.71
$11,490,396.93
-
I
129
$957,007.00
95133-22-028
20210063784
E
-Confirmed
5th
(653 days
Street,
from
LLC
Bank
on market)
Improved
of Colorado
Total
Land
Percent
Land
Year
Value
Value
Value
Assessed/AC:
Sale
Bldg
Land
Improved:
Assessed:
Assessed:
Built/Age:
Assessed
Type:
Type:
GLA:
Area:
Owner User
Retail - Restaurant
Built in 1901, Renov 2018
3,403 SF
0.08 AC (3,402 SF)
91.8%
$333,700 in 2020
$306,500
$27,200
$348,271
Age: 120
2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
19
Page 10
129
3,403
E 5th
SF Retail
St
SOLD
Restaurant Building Built in 1901, Renov 2018 (con't)
Transaction Notes
On
per
The
No
Andy
Patty
The
June
square
initial
sale
sale
conditions
Smith
Spencer
30,
date,
foot.
ask
of
2021,
price
NAI
with
price,
The
the
property
for
affected
Affinity
Commercial
square
3,403
the
property
the
represented
square
was
footage,
foot
originally
was
price of this
the
Real Estate
and
retail/restaurant
delivered
$1,075,000
transaction.
seller.
Brokers,
property
type
and
in
LLD
property
1901
was
represented
were
and
on the
confirmed
located
was renovated
market
the
by
at 129
for
buyer.
the listing
E 5th St.,
in 2018.
21 months.
and
Loveland,
buyer
brokers.
CO 80537 so for $897,400 or $263.71
_ Income Expense
Data
Expenses
- Operating
- Taxes
Expenses
Total Expenses
$10,195
$10,195
Current Retail Information ID: 10897273
Property
Bldg
Owner
Owner
Rent/SF/Yr:
Street
Occupied:
Expenses:
Frontage:
Parking:
Features:
Center:
Status:
Zoning:
Type:
Type:
CAM
-
-
: -
188
2021
9
Retail
Built
Corporate/User
BE
Yes
feet
Surface
Restaurant,
- Restaurant
in 1901,
on
Tax @$3.00/sf
Spaces
GLA:
Total Avail:
Renov 2018 % Leased:
Bldg Vacant:
Land Area:
Lot Dimensions:
Building FAR:
No. of Stores:
East 5th Street
are available
Sig nage, Skylights
Location Information
3,403 SF
0 SF
100.0%
0 SF
0.08 AC
-
1.00
-
Metro
Submarket:
Market:
County:
CBSA:
DMA:
Denver
Fort Collins
Larimer
Fort Collins,
Denver,
Ret/Fort Collins Ret
CO
CO -WY -NE
O 2022 CoSiiar Group - Licensed to Pivotal Tax Solutions - 12694 36.
6/1/2022
20
Page 11
129
3,403
E 5th
SF Retail
St
SOLD
Restaurant Building Built in 1901, Renov 2018 (con't)
Parcel
Legal
Description:
Number:
County:
95133-22-028
-
Larimer
Plat Map:
129 E 5th St
A Itl*it St
•
CO
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2022 CoStar Group - Licensed to Pivotal Tax Solutions - 1269436.
6/1/2022
21
Page 12
5
1510
Fort
Sale
6,390
S College
Collins, CO
on 6/22/2021
SF Retail
80524
for $950,000
Restaurant
Ave
($148.67/S
Building
SOLD
F) - Research Complete
Built in 1922
Edwards
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Buyer & Seller Contact Info
Recorded Buyer: Foca Beer and
True Buyer DeLine Joseph
Joseph DeLine
607 City Park Ave
Fort Collins, CO
Buyer Type: Individual
Building,
80521
LLC Recorded
True
Seller
Listing
Seller:
Seller:
Type:
Broker:
Individual
(970)
(970)
Rustic
Michael
Susan
1510
Fort
The
Jason
The
Trade
S
Collins,
Group,
221-0700
Group,
229-0700
Table
Curiel
Billings
Milton
P
College
&
Inc.
Inc.
Lic
Susan C
Ave
CO 80524
Curiel
Transaction Details ID: 5551055
Sale
Escrow
Sale
Asking
Price/SF:
Price/AC Land
Percent
Tenancy:
No. of Tenants:
Tenants at time
Parcel
Document
Date:
Length:
Price:
Price:
Gross:
Leased:
of sale:
No:
No:
0612212021 (78 days on market)
-
$950,0 -Confirmed
$1,100,000
$148.67
$2,878,787.88
-
Multi
Improved
1
Wild Boar Coffee -Office
97133-31-003
20210060845
Percent
Total Value
Value
Land Value
Land
Sale Type:
Bldg Type:
Year Built/Age:
Land Area:
Improved:
Assessed:
Assessed
Assessed:
Assessed/AC:
LA:
Investment
Retail - Restaurant
Built in 1922 Age: 99
6,390 SF
0.33 AC (14,375 SF)
42.3%
$619,500 in 2020
$262,000
$357,500
$1,083,333
2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
22
Page 13
1510
6,390
S College
SF Retail
Ave
Restaurant Building Built in 1922 (con't)
SOLD
Sale History: Sold for $950,000 ($14t
Sold for $729,000 ($114.08/SF)
67/SF) on 6/22/2021
on 5/3/2007
Transaction Notes
On
$950,000.
also
property
June 22,
The
verified
was
2021,
listing
the sale
delivered
a 6,390
date,
brokers
in
1922.
square foot class B general
were able to confirm that
buyer, and seller. The building
retail
the
maintains
property
space
located
sold
a three
at 1510 S College Ave in
on this date and confirmed
star rating and is situated
Fort Collins, CO was
the final sale price. The
on .33 acres within
sold
deed
CC
zoning.
for
document
The
Income Expense
Data
Expenses
- Operating
Total
- Taxes
Expenses
Expenses
$16,664
$16,664
Current Retail Information
ID: 648252
Property
Bldg
Owner
Owner
Rent/SF/Yr:
Occupied:
Expenses:
Type:
Center:
Status:
Type:
Zoning:
CAM:
Parking:
Features:
Retail
-
Built
Individual
CC
No
-
-
2021
14 free
Bus
- Restaurant
in 1922
Tax g $2.61/sf;
Surface Spaces
Line, Signage
2006
are
Est Ops
available
Location
@$5.81/sf
Bldg
Lot Dimensions:
Building
No.
Information
Total
%
Land
of
Leased:
Vacant:
Stores:
GLA:
Avail:
Area:
FAR:
6,390 SF
0 SF
100.0%
0 SF
0.33 AC
-
0.44
-
Metro
Submarket:
Located:
Market:
County:
CBSA:
DMA:
Prospect
Denver
Fort
Larimer
Fort
Denver,
& College
Collins Ret/Fort
Collins, CO
CO -WY
Collins
-NE
Ret
2022 Costar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
23
Page 14
1510
6,390
S College
SF Retail
Ave SOLD
Restaurant Building Built in 1922 (cen't)
Parcel
Legal
Description:
Number:
County:
97133-31-003
-
Larimer
Plat Map:
1510 S College Ave
li
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2022 Costar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
24
Page 15
6
3451
Loveland,
Sale on
6,107
SF
Mountain
2/8/2021
CO 80537
Retail
for $2,150,000
Restaurant
Lion
Building
Dr
($352.06/SF)
SOLD
Built in 2013
ll
ii
E15thSt
_ -�~
pi -
E nhover-
yr
__ - _.-E
1 _
1 fr
w
I
fthe
ountain tJ
,�. .
\ i cloia
ckti
Li \o‘•
rests
o
A'v - i
ed. _
-I ,
-300c0
.4i
a
P
!vial)
data
g12022
Buyer & Seller Contact Info
Recorded Buyer: Monarch
True Buyer: Monarch
Group
Bobby
2195
Franktown,
(303)
Buyer Type: Developer/Owner-NIL
Buyer Broker: CARR
Phillip
(970)
S
416-2900
409-0307
Nicolls
Hwy
Redmond
Investment
Real
CO
83
Estate
80116
Group Llc
and Management
Recorded Seller:
True Seller:
Seller Type:
Listing Broker:
Pizza
Pizza
Ryan
204 19th
Orange
(712)
Corporate/User
SVN I
Jerry
(970) 488-3179
Ranch Rel Llc
Ranch, Inc.
Achterhoff
St SE
City, IA 51041
707-8800
Denver Commercial
Chilson
Transaction Details ID: 5389694
Price/AC
Percent
Tenants
Escrow
No.
Asking
at
Document
Land
of
time
Sale
Sale
Price/SF:
Tenants:
Financing:
Parcel
Length:
Gross:
Leased:
of
Date:
Price:
Price:
sale:
No:
No:
02/08/2021
-
$2,150,000
$2,450,000
$352.06
$1,335,403.73
-
1
Pizza
$3,450,000.00
85171-11-002
20210014555
Ranch
(180
-Confirmed
days
from
Live
on market)
Oak
Banking
Improved
Company
Percent
Total
Land
Land
Year
Value
Value
Value
Assessed/AC:
Sale
Bldg
Built/Age:
Land
Improved:
Assessed:
Assessed
Assessed:
Type:
Type:
Built
GLA: 6,107
Area: 1.61
31.5°l
$1,900,000
$1,549,100
$350,900
$217,950
Owner
Retail
-
in
SF
AC
User
Restaurant
2013 Age:
(70,132 SF)
in 2019
2022 Costar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
25
Page 16
3451
6,107
SF
Mountain
Retail
Restaurant
Lion
Building
Dr SOLD
Built in 2013 (con't)
Transaction Notes r
On 02108/2021,
6,107
SF, retail
building,
located
at 3451
Mountain
Lion Dr, in
Loveland, CO sold for $2,150,000.
The seller, Pizza Ranch REI LLC, was represented
by Jerry Chi'son of SVN I Denver Commercial. The buyer, Monarch Real Estate Group
LLC was represented by Phillip Redmond
of CARR Inc.
The majority of this report's information was confirmed
with
representatives
on
both
sides of this transaction, with
additional
details obtained
by way of public record.
Income Expense
Data
Expenses - Taxes $34,572
- Operating Expenses
Total Expenses
$34,572
Current Retail Information ID: 11262567
Property Type: Retail - Restaurant LA: 6,107 SF
Center: - Total
Avail: 0 SF
Bldg
Status: Built
in 2013
%
Leased: 100.0%
Owner Type:
Developer/Owner-NTL
Bldg
Vacant: 0 SF
Zoning: B Land
Area: 1.61
AC
Owner Occupied:
Yes Lot Dimensions: -
Building FAR: 0.09
Rent/SF/Yr: - No. of Stores: -
CAM
: -
Expenses:
2021 Tax @$ 5.56/sf
Parking:
90 free Surface Spaces
are available
Location Information
Metro
Market:
Denver
Submarket:
Fort Collins Ret/Fort Collins
Ret
County: Larimer
CBSA: Fort Collins; CO
DMA:
Denver, CO -WY -NE
2022 CoSta r Group - Licensed to Pivotal Tax Solutions -12994 1269436.
6/1/2022
26
Page 17
3451
6,107
SF
Mountain
Retail
Restaurant
Lion
Building
Dr SOLD
Built in 2013 (con't)
Parcel
Legal
Description:
Number:
County:
85171-11-002
-
Lari
mer
Plat Map:
3451 Mountain Lion Dr
e'_
at
-
: ILi
-
1 ".•'.r —I G
-
-. - I
, t
7 u v 1C Y - Ih i u . u n1 I Y n.
'—
_ _' _ . ..... _ .e ._•. . •—.
`I
-
IIIE
11.1 9'
a I
-
a
-
• •
•
_
-
+ a •
_
•
..
a v -P-.• • •
•
• �.l •. v c • • . .. .. . a v • .. • v • •
06
9
i 1
i
_
1
Ind
n i ..-,':.,oa
r.
r
I -
-
07
i 71
;=n.
•
ill
(45.62 A
cm_i.
+
07
71
P AC)
i
—I-
. I�
`
i
�nl
Y�o
__r
.. .
4ei
Li
.... 2 ..,
..,
_ .
.J
L
1 7 1 . ..
Si
d
II
iIN
N
ii
b_-
1 !
7
_ _ . ...
•
- _- •!39.81,
7!a .)
_
I1
ri_'
O 2022 CoSta r Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
27
Page 18
7
1281
Windsor,
Sale
4,289
on
SF
Main
7/17/2020
St
CO 80550
Retail Restaurant
- Guadalajara
for $1,290,000
Building
($300.77/SF)
Built
Family
in 1999,
- Research
Renov
Mexican
Complete
2006
Restaurant
SOLD
�r s __,
cre
ei
-'g- -
to Ash St
µ,
5
litr—
1
' , eta f-■ $ �r�l_ _
I
- . s.
di
I
44
r'r
e
a
St
Cote_
tia5:
CO
oar_
a
Sr
U • R
i
i
S' , 'tip
S..
'It
Map
data
C)2
2.2 Google
Walnut
$
■ , Buyer & Seller Contact Info
Recorded Buyer:
True Buyer:
Buyer Type:
Buyer Broker:
Ent
Ent
Ron
7250
Colorado
(719)
Bank/Finance
Waypoint
Joshua
(970)
Greg
(970)
Credit Union
Credit Union
Swanson
Campus
Springs,
574-1100
Real
Guernsey
218-2331
Roeder
632-5050
Recorded Seller: Sharon
True Seller:
Dr 1720
CO 80920
(707)
Seller Type: Individual
Estate Listing Broker: SVN
Jerry
(970)
Sharon
Sharon
Petaluma,
I
Kearny
765-2253
488-3179
Denver
Chilson
L
L
McNamara
McNamara
McNamara
CA
St
94954
Commercial
Transaction Details L ID: 5182563
Sale Date: 07/17/2020 (401
Escrow Length: -
Sale Price: $13290,000 -Confirmed
Asking Price: $1,850,000
Price/ SF: $300.77
Price/AC Land Gross: $1,277,227.72
Percent Leased: -
Tenancy: Single
No. of Tenants: 1
Tenants at time of sale: Ent Credit Union
Parcel No: 080720203004
Document No: 4610162
days
on market)
Improved
Total
Land
Percent
Land
Value
Value
Value
Year
Assessed/AC:
Sale
Bldg
Land
Improved:
Assessed:
Assessed:
Built/Age:
Assessed
Type:
Type:
GLA:
Area:
Owner
Retail
Built
4,289
1.01
56.0%
$897,574
$502,627
$394,947
$391,036
-
in
SF
AC
User
Restaurant
1999,
(43,996
in
Renov 2006 Age: 21
SF)
2019
O 2022 Costar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
28
Page 19
1281
4,289
SF
Main
St
Retail Restaurant
- Guadalajara
Building
Built
Family
in 1999,
Renov
Mexican
2006 (con't)
Restaurant
SOLD
Sale History: Sold
Portfolio
Sold
for $1,290,000
sale
for $705,000
($300.77/SF) on 7/17/2020
of 2 properties sold for $1,635,000
($164.37/SF) on 8/30/2004
on 8/30/2017
Transaction Notes
On
for
The
was
The
The
obtained
07/17/20,
$1,290,000.
seller,
represented
buyer
majority
The
plans
by
4,289
Sharon
of this
way
to
by
of
sf
Joshua
remodel
report's
public
retail
L
building
McNamara
Guernsey
the
information
record.
building
located
Trust
and
into
was
at 1281
was represented
Greg Roeder
a comfortable
confirmed
Main
with
of
St,
W1laypoint
service
representatives
also
by
Jerry
known as Guadalajara
Chilson of SVI
Real Estate
center for its members.
on the
LLC.
both
I
Family
Denver Commercial.
sides of
this
Mexican
Restaurant, in Windsor,
The buyer, ENT
transaction, with additional
CO sold
Credit Union
details
Income Expense
Data
Expenses
- Operating
- Taxes
Expenses
Total Expenses
$22,444
$22,444
Current Retail Information ID: 767523
Property
Bldg
Owner
Owner
Rent/SF/Yr:
Occupied:
Expenses:
Type:
Center:
Status:
Type:
Zoning:
CAM:
Parking:
Features:
Retail
Guadalajara
Built
Bank/Finance
GC-PUD
Yes
-
-
2021
40
Signage
Surface
-
in
Tax
Restaurant
1999,
- Windsor
g $6.37/sf,
Spaces
Family Mexican
Renov 2006
2003 Est
are available
Restaurant Total
% Leased:
Bldg Vacant:
Land
Lot Dimensions:
Building
No. of Stores:
Tax @ $ .701sf
Location Information
GLA: 4,289
Avail: 0
10+.0%
0
Area: 1.01
-
FAR: 0.10
-
SF
SF
SF
AC
Cross
Metro
Submarket:
Located:
Street:
Market:
County:
CBSA:
CSA:
DMA:
12th
South
Denver
Greeley
Weld
Greeley,
Denver
Denver,
St
Side of
Ret/Greeley
CO
-Aurora,
CO -WY
Main
CO
-NE
St
Ret
2022 Costar Group - Licensed to Pivotal Tax Solutions -1299436.
6/1/2022
29
Page 20
Cost Analysis
Marshall and Swift (Calculator Method)
Description
SF Year Built Eff Year Exp Life Eff Age Class Type $/SF
Adjusted Items:
RCN- Restaurants (350)
Current Muttipler
Local Multiplier
Depreciation
Adjusted RCNLD
Total RCN:
SubTotal RCNLD of Adjusted Items:
Non Adjusted items:
Extra Features
2,129 2019 2019 35 3 C Good
366,188 172.00
(3,662) 0.99
$
4%
$ 348,025
366,188
$ 348,025
$ 100,000
Total of Non Adjusted Items:
Total Square Feet
Entrepreneurial Profit
Total RCNLD
2,129
10%
$ 100,000
46,619
1.00
494,644 $ 232.34
Adjusted Land Value 331,763 $ 6.06
Indicated Cost Value (5)
Value / SF (S)
826,407
388.17
SECTION 13 PA G E 14
May 202 0
CALCULATOR METHOD
RESTAURANTS (350)
CLASS
A -B
TYPE
Excellent
EXTERIOR WALLS
Stone, face brick, best metal walls,
usually part of a building
INTERIOR FINISH
Best plaster and paneling, highly
ornamental, carpeted; deluxe quality
LIGHTING, PLUMBING
AND MECHANICAL
Special lighting fixtures and
effects, deluxe restrooms
*HEAT
Complete
H.V.A.C.
COST
Sq. M. Cu. Ft. Sq. Ft.
3207.64
24.82 298.00
Good
Average
Concrete, metal/glass or masonry
panels, usually part of a building
Brick or concrete, usual
a building
y part of
Plaster with enamel & vinyl, carpet
& vinyl flooring, decorated interior
Plaster or drywall, acoustic tile, carpet,
ceramic, rubber, or vinyl comp. tile
Good lighting and outlets, good
plumbing and restrooms
Adequate lighting outlets,
adequate plumbing
Complete
H.V.A.C.
Complete
H.V.A.C.
2400.35 18.58 223.00
1808.34
13.99
168.00
Excellent
Individual design, highly High -quality detail, best acoustics, Special lighting effects, tiled Complete
ornamental exterior carpeted, deluxe quality restrooms, good fixtures H.V.A.C.
3078.48
23.82
286.00
Very good
Individual design, brick, good Typically best chain restaurants, Good lightingfrestrooms with Complete
metal and glass, ornamentation carpeted lounge and dining room good -quality fixtures and tile H.V.A.C.
2378 82
13 41
221 _a0
Good
Brick, concrete or metal and glass Typical chain restaurant or coffee Good lighting and service outlets, CompleteC
panels, ornamentation shop, vinyl and ceramic floors tiled restrooms H.V.A.C.
1851.39
14.33
172.00
Average
Brick, block, tilt -up, plain building, Typical neighborhood restaurant, Adequate lighting and outlets, Complete
stock plans vinyl composition, small kitchen small restrooms H.V.A.C.
1442.36
11.16
134.00
Low cost
Cheap brick or block, very plain, Low-cost short order cafe, Minimum lighting and outlets, Forced air and
low-cost front minimum finish, asphalt tile minimum plumbing ventilation
1049.48
8.12
97.50
CI
`'`1 1
Excellent
Individual design, highly High -quality detail, best acoustics, Special lighting effects, tiled Complete
ornamental exterior, stone veneer carpeted, deluxe quality restrooms, good fixtures H.V.A.C.
2949.31
22.82
274.00
Very good
Individual design, brick veneer, good Typically best chain restaurants. Good fixtures, good restrooms Complete
metal and glass, ornamentation carpeted lounge and dining room w/good-quality fixtures and tile H.V.A.C.
2249.66
17.41
209.00
Cood
Stucco or siding, metal and glass, Typical chain restaurant or coffee Good lighting and service outlets, Complate
some ornamentation shop, vinyl and ceramic floors tiled restrooms H.V.A.C.
1732.99
13.41
,161 00
Average
Stucco or siding, plain building Typical neighborhood restaurant, Adequate lighting and outlets, Complete
and front, stock plans vinyl composition, small kitchen small restrooms H.V.A.C.
,334.72
10.33
124.00
Low cost
Cheap stucco or siding, very plain Low-cost short order cafe, min. finish Minimum lighting and plumbing Forced airlvent.
952.61
7.37
88.50
IDPLE
Low cost
Pole frame, good metal panels, Low-cost short order cafe, minimum Minimum lighting and outlets, Forced air and
lined and insulated, plain front finish, asphalt tile minimum plumbing ventilation
871.88
6.75
81.00
SAverage
Good
Insulated sandwich panels, metal Comparable to typical chain coffee Good lighting and service outlets, Complete
and glass, some ornamentation shop, vinyl and ceramic floors tiled restrooms H.V.A.C.
1700.70
13.16
158.00
Insulated panels, metal and glass, Typical neighborhood coffee shop, Adequate lighting and outlets, Complete
little ornamentation vinyl comp., some ceramic or pavers small restrooms H.V.A.C.
1280.90
9.91
119.00
Low cost
Finished interior, some front Low-cost finish, asphalt tile Minimum lighting and plumbing Forced airivent.
882.64
6.83
82.00
BASEMENTS AND MEZZANINES
A -B
Basement,
Plaster interior
finished
Finished ceiling and floors,
banquet, service functions
Adequate lightingfplumbing, Low-cost
restrooms, utility rooms complete H.V.A.C.
1205.56
9.33
112.00
Mezzanine,
Not included
open
Open, finished floors, plaster soffit.
minimum work stations
Adequate lighting, minimum Included in
plumbing building cost
46$ 23
-
43.50
DSBsmt.
Basement,
finished ' Plaster or drywa I interior
Finished ceiling and floors,
banquet, service functions
Adequate lightingfplumbing Forced air and
restrooms, utility rooms ventilation
828.82
6.41
77.00
storage ';'Painted interior, outside entry
Paint only, some partitions
Adequate lighting, drains None
398.26
3.08
37.00
Mezzanine,
Not included
open
Open; finished floors and soffit,
minimum work stations
Adequate lighting, minimum Included in
Plumbing building cost
336 37
31.25
For fire-resistant Type I basements, with concrete slab separation under Class C, D or S units, add
NOTES: For other basement types, see Page 30.
MULTISTORY BUILDINGS
Add 0.5% (1/2%) for each story over three, above ground, to all base costs, including basements
but excluding mezzanines, up to 30 stories. Over 30 stories, add 0.4% (411 0%) for each
additional story.
BALCONIES
To determine the cost for exterior balconies use one of the following: Page 40 in this section;
compute from the Segregated Costs in Section 43; or from Unit -In -Place Costs in Section 66.
S 6.47 per square foot ($69.64 per square meter). *Adjust for heat from table on following page.
MEZZANINES
Do not use story height or area/perimeter multipliers with mezzanine costs.
SPRINKLERS
Sprinkler systems are not included. Costs should be added from Page 40.
ELEVATORS
Elevators are not included. Costs should be added from Page 39. Add for dumbwaiters from
Section 58_
MARSHALL VALUATI SERVICE TI:,e data included on this page becomes obsolete after update delivea'y, scheduledfor May 2022.
C. 2020 C of'_'L.o ie R "Pc. and if licensors, all rights reserved. Aiiy i p!'l 1thg, distribution, creation ofde!'R atii'e itY,}rks., and/or" public di.ipkCq's is strictly prohibited.
5/2020
LIFE EXPECTANCY GUIDELINES
SECTION 97 PAGE 11
December 202.0
OCCUPANCY CLASS
TYPICAL BUILDING LIVES
A BCDS
OCCUPANCY CLASS
A BCDS
SECTIONS 12 & 42, RESIDENCES, MULTIPLES (GARDEN APTS.) AND MOTELS (Continued) SECTIONS 13 & 43, STORES AND COMMERCIAL BUILDINGS (Continued)
Single-family, historical residences, excellent
good and very good _
low cost, fair and average
Town and row houses, excellent _
good
average
low cost and fair
Tropical houses, good
average .. _
low cost .. _
Yurts, good
average .. _
low cost
SECTIONS 13 & 43, STORES AND COMMERCIAL BUILDINGS
Banquet halls, excellent .. _
good
average .. _
low cost .. _
Barber and beauty shops, good - low cost and average
Bars and taverns, good ... _ average
low cost
Cafeterias, excellent ..
good
low cost and average
Cocktail lounges, good and excellent .
average
low cost
Convenience stores, excellent .. _
average and good
lost ..
Mini -marts, good and excellent
low cost and average _
Dairy sales buildings, average .. _
Department stores, good and excellent
low cost and average _
mall anchor stores, average and good ... _
lost ...
Dining atriums and playrooms, good to excellent ... _
low cost and average .. _
cheap _
Discount stores, good
low cost and average
Drug stores, excellent
average and good
low cost _
Fast-food restaurants, very good and excellent
low cost, average and good
Florist shops, excellent ..
average and good
low cost _
Kiosks, miscellaneous stands
700 65 ----
65 60
60 55
60 55
55 50 50
55 50 50
50 45
55
50
45 ----
30
20
15
50
45
40
35
45 45 40
40 40 35
---- ---- 45
45 45 40
40
---- 45
45 45 35
40 40 35
45 45 40
40 40 40
35
45
45 45 40
35
40
35
35
55 55 50
50 50 45
50 50 45
45 45 40
35
30
40
40 40 35
45
45 45 40
---- ---- 35
40 40 35
35 35 30
50 50 40
35
45
40 40
35 35
30 30
3r en -
30 30
40
40 40
35 35
40
35 35
30 30
40 40
35 35
35 35
40 40
3
30 30
t3 30
30 25
30 30
40
35
35
30
35
30
40
35
30
35
30
40
35
30
5 to 20 years
35
35
30
10
35
30
30
35
30
40
35
30
Laundry/dry cleaning, good --- 45 40 40
average _ 40 35 35
Laundromats, average _ ---- ---- 35 30 30
Luxury boutiques, good 60 60 55 50
low cost and average 55 55 50 45
Markets and supermarkets, excellent ... _ 45 40 40
average and good .. _ 40 40 40 35 35
low cost .35 30 30
Modular, resturants excellent _ 35
low cost, average and good _ 30
Restaurants, very good and excellent . _ 45 45 40 40 40
average and good .. _ 40 40 35 35 35
low cost .30 30 30
Retail stores, good and excellent _ 55 55 50 45 45
average .. _ 50 50 45 40 40
low cost .. _ 45 45 40 40 40
Roadside markets, excellent ..40 35 35
good _ 35 30 30
average .30 25 25
low cost .. _ 20 20
cheap _ ---- ---- ---- 15
Shopping centers, neighborhood, good 45 40
average 40 35 35
east 35 30 30
community, good and excellent 50 45 45
average 45 40 40
regional, good and excellent _ 55 55 55 50
average _ 50 45 45
regional discount, good _ 50 50 50 45
average ... _ 45 45 45 40 40
mixed retail centers with office/residential units, good 50 45
low cost and average 45 40
Snack bars, excellent 35 35
good _ 35 30 ----
average 30 25 25
low cast 25 20 20
cheap 20 15 15
Truck slop restaurants, good ... _ 35 35 35
average 30 30 30
Warehouse discount stores, good 35 30 30
low cost and average 30 30 30
mega discount, average and good
to ost ... _
food, good ... .
average ... _
lest ... _
showroom, good
low cost and average
Winery shops, excellent
good -
average
low cost
3r 30
30 ---- ; 0
40 35 35
35 30 30
30 30 30
40 .35 35
35 30 30
50 45
45 40
40 r 5
35 30 30
MARSHALL VALUATION- SERVICE
202.0 CoreLogicei, mr7t'- iind itS 11t'eta.' w- , ail rights TVSOrtied. .4h1- reprinting, distribution, creation of dell' k rtIvf' wok , and:lor public d7kp1Ui'.9 1S.`trict]vprohibited.
12/2020
SECTION 97 PAGE 24
December 2020
DEPRECIATION - COMMERCIAL PROPERTIES
EFFECTIVE
AGE IN YEARS
70
60
TYPICAL LIFE EXPECTANCY IN YEARS
55 50 45 40 35 30 25 20
DEPRECIATION — PERCENTAGE
1
0
0
0
0 1 1 1 2 2 3
2
0
1
1
1 1 2 2 3 5 7
3
0
1
1
1 2 3 4 5 7 10
4
1
1
1
2 3 4 5 7 10 14
5
1
1
2
3 4 5 6 9 13 18
6
1
2
2
3 4 6 8 11 16 22
7
1
2
3
4 5 7 10 14 19 26
8
1
2
3
5 6 8 11 16 22 30
9
2
3
4
5 7 10 13 18 25 35
10
2
3
4
6 8 11 15 21 29 40
11
2
4
5
7 9 13 17 24 32 45
12
2
4
6
8 10 14 19 26 36 50
13
2
5
6
9 12 16 22 29 40 55
14
3
5
7
10 13 18 24 32 44 60
15
3
6
8
11 14 20 26 35 48 65
16
3
7
9
12 16 22 28 39 52 69
17
4
7
10
13 18 24 31 42 56 73
18
4
8
11
14 19 26 34 46 60 76
19
4
9
12
16 21 28 36 49 64 78
20
5
9
13
17 23 30 39 53 68 79
c,,, 21
5
10
14
18 25 32 42 57 71 80
`' 22
6
11
15
20 27 35 45 60 73
23
6
12
16
21 29 37 48 63 75
24
7
13
17
23 31 40 52 66 77
25
7
14
19
25 33 43 55 69 79
26
8
15
20
27 35 46 58 72 80
27
9
16
21
28 37 49 61 75
28
9
17
23
30 40 52 64 77
29
10
18
24
32 42 54 68 78
30
11
20
26
34 45 57 72 79
32
13
22
30
38 50 62 75 80
34
15
25
34
43 55 68 77
36
17
28
38
48 61 73 79
38
19
32
42
53 67 77 80
40
21
35
46
59 72 79
42
25
39
51
65 75 80
PROPERTIES INCLU
44
28
43
56
70 77
Section 11 All apartments, hotels, reso
46
31
48
60
74 78
Section 12 Motels, lodges, large multip
48
34
53
64
77 7
Section 1 All
Section 14 All
50
38
58
68
79 80
Section 15 All except libraries
55
48
67
75
80
Section 16 All except churches and fra
60
57
74
78
Section 17 All commercial and industri•
65
65
78
80
Section 18 None
Section 64 All commercial and industri
70
71
80
For lives less than 20 years. see Page 2
75
75
80
78
DED
its
les & res
ernal bld
d uses
I uses
6.
EFFECTIVE
AGE IN YEARS
70
60
TYPICAL LIFE EXPECTANCY IN YEARS
55 50 45 40 35 30
REMAINING LIFE EXPECTANCY — YEARS
25
20
1
69
59
54
49
44
39
34
29
24
19
2
68
58
53
48
43
38
33
28
23
18
3
67
57
52
47
42
37
32
27
22
17
4
66
56
51
46
41
36
31
26
21
16
5
65
55
50
45
40
35
30
25
20
15
6
64
54
49
44
39
34
29
24
19
14
7
63
53
48
43
38
33
28
23
18
13
8
62
52
47
42
37
32
27
22
17
12
9
61
51
46
41
36
31
26
21
16
11
10
60
50
45
40
35
30
25
20
15
10
11
59
49
44
39
34
29
24
19
14
9
12
58
48
43
38
33
28
23
18
13
8
13
57
47
42
37
32
27
22
17
12
7
14
56
46
41
36
31
26
21
16
11
6
15
55
45
40
35
30
25
20
15
10
5
16
54
44
39
34
29
24
19
14
9
4
17
53
43
38
33
28
23
18
13
8
4
18
52
42
37
32
27
22
17
12
7
3
19
51
41
36
31
26
21
16
11
6
2
20
50
40
35
30
25
20
15
10
5
2
21
49
39
34
29
24
19
14
9
5
2
22
48
38
33
28
23
18
13
8
4
23
47
37
32
27
22
17
12
7
3
24
46
36
31
26
21
16
11
6
3
25
45
35
30
25
20
15
10
6
2
26
44
34
29
24
19
14
9
5
2
27
43
33
28
23
18
13
8
4
28
42
32
27
22
17
12
7
4
29
41
31
26
21
16
11
7
3
30
40
30
25
20
15
10
6
3
32
38
28
23
18
13
8
5
2
34
36
26
21
16
11
7
4
36
34
24
19
14
10
6
3
38
32
22
17
12
8
5
2
40
30
20
15
10
7
4
42
28
18
13
9
6
3
44
26
16
12
8
5
arts
46
24
14
10
7
4
48
22
13
9
6
3
50
20
11
8
5
3
s.
55
16
8
6
3
60
12
6
4
65
9
4
3
70
7
3
75
5
80
4
A' 4RSIL4LL VALUATION SERVICE
.C. 202.0 ( orello ri(:'J ', Inc. and its licensors, all rights I e..very .''d. Any reprinting., distribution., rea ion of derivative works, and iof" ?t.ihll .' thvplavv is strictly prohibited.
122/1070
MONTHLY GREEN
SUPPLEMENT
CURRENT COST MULTIPLIERS
SECTION 99 PAGE
Jccnuucn'v 2022
(Effective Date
of Cost Pages)
EASTERN
CENTRAL
WESTERN
Sec. Page
51 2-3
51- 4
51 - 7-8
51 - 3,7
52- 1-4,6
52 - 5
53 - 1-8
53 - 9-12
54- 1-6
55 - 3-7
56 - 1-2
56 - 3-6
56- 7
56- 8
56- 8
57 - 1-6
58 - 1
58 - 2-8
Date
(3/21)
(3/21)
(3/21)
(3/21)
(3/21)
(3/21)
(6/21)
(6/21)
(6/21)
(8/21)
(8/21)
(8/21)
(8/21)
(8/21)
(8/21)
(9/21)
(9/21)
(9/21)
These multipliers bring costs from preceding pages up to date. Also apply Local Multipliers, Section 99, Pages 5 through 10.
CALCULATOR COST SECTIONS
11 12 13 14 15 16 17 18
(11/20) (8/20) (5/20) (2/20) (11/21) (8/21) (5/21) (2/21)
A 1.25 1.25 1.24 1.23 1.07 1.15 1.21 1.24
B 1.21 1.21 1.19 1.21 1.01 1.08 1.15 1.18
C 1.20 1.20 1.22 1.21 1.01 1.09 1.16 1.15
C 1.21 1.22 1.23 1.22 0.97 1.07 1.13 1.16
S 1.28 1.27 1.26 1.25 1.04 1.10 1.16 1.22
A 1.21
B 1.14
C 1.17
EP 1.17
S 1.17
A 1.21
B 1.15
C 1.18
Q 1.22
S 1.20
1.20
1.16
1.18
1.20
1.20
1.24
1.16
1.21
1.22
1.21
1.20
1.15
1.19
1.20
1.18
1.26
1.21
1.20
1.23
1.26
1.21
1.16
1.18
1.21
1.21
1.27
1.20
1.24
1.25
1.25
t03
too
0.96
0.98
0.98
1.08
1.03
a99
0.97
1.01
1.12
1.04
1.03
1.06
1.05
1.14
1.10
1.09
1.05
1.14
1.16
1.08
1.10
1.10
1.14
1.19
1.14
1.13
1.17
1.18
1.18
1.10
1.12
1.14
1.15
1.18
1.13
1.17
1.17
1.15
(Effective Date
of Cost Pages)
EASTERN
CENTRAL
WESTERN
A
B
C
D
S
A
B
C
a
S
A
B
C
0
S
SEGREGATED COST SECTIONS
41 42 43 44 45 46 47 48
(12/20) (9/20) (6/20) (3/20) (12/21) (9/21) (6/21) (3/21)
1.25 1.25 1.24 1.23 1.07 1.15 1.21 1.24
1.21 1.21 1.19 1.21 1.01 1.08 1.15 1.18
1.20 1.20 1.22 1.21 1.01 1.09 1.16 1.15
1.21 1.22 1.23 1.22 027 1.07 1.13 1.16
1.28 1.27 1.26 1.25 1.04 1.10 1.16 1.22
UNIT -IN -PLACE COST SECTIONS (51 - 70)
Eastern Central Western
Concrete Foundations 1.14 1.10 1.14
Pilings 1.17 1.12 1.16
Steel and Concrete Frame 1.15 1.09 1.14
Wood Foundations, Frame 1.13 1.12 1.17
Interior Construction 1.15 1.14 1.10
Bank Vaults and Equipment 1.20 1.14 1.17
Heating, Cooling & Ventilating 1.14 1.12 1.16
Plumbing, Fire Protection, etc_ 1.16 1.12 1.17
Electrical, Security 1.17 1.20 1.17
Wall Costs 1.08 1.06 1.12
Stained Glass 1.09 1.07 1.11
Storefronts 1.09 1.07 1.11
Stonework 1.04 1.05 1.10
Columns, Stone & Concrete 1.04 1.05 1.10
Columns, Wood & Aluminum 1.06 1.05 1.11
Roofs .1.04 1.04 1.07
Cold Storage 1.04 1.02 1.08
Elevators, Conveying Systems 1.11 1.09 1.12
Sec. Page Date
61 - 1-8 (12/20)
52 - 1
62 - 2-3, 6
52 - 4
52 - 5
62- 5
62- 6
53 - 1-4
63 - 5-10
64- 1-6
54 - 7-9
54 - 7-8
55- 1-12
1.21
1.14
1.17
1.17
1.17
1.21
1.15
1.18
1.22
1.20
Tanks
(6/20) Industrial Pumps & Boilers
(6/20) Piping
(6/20) Electrical Motors
(6/20) Steel Stacks, Chutes
(6/20) Masonry & Concrete Chimneys
(6/20) Compactors, Incinerators
(9/20)
(9/20)
(3/20)
(3/20)
(3/20)
(3/20)
1.20
1.16
1.18
1.20
1.20
1.24
1.16
1.21
1.22
1.21
1.20
1.15
1.19
1.20
1.18
1.20
1.21
1.20
1.23
1.26
1.21
1.16
1.18
1.21
1.21
1.27
1.20
1.24
1.25
1.25
00 - 1 (12/21)
85 - 2-9 (12/21)
85 - 10-11 (12/21)
07 - 1-2 (12/21)
67 - 3-7 (12/21)
70 - 1-32 (1/22)
Trailer and Mfg. Housing Parks
Manufactured Housing
Service Stations, Car Washes .
Prefabricated Metal Structures
Prefab. Wood & Air Structures .
Equipment Costs
Subdivision Costs
Yard Improvements
Demolition & Remediation
Golf Courses
Recreational Facilities
Green Section
1.03
1.00
0.96
0.98
0.98
1.08
1.03
0.99
0.97
1.01
1.12
1.04
1.03
1.00
1.05
1.14
1.10
1.09
1.05
1.14
1.18
1.08
1.10
1.10
1.14
1.19
1.14
1.13
1.17
1.18
1.18
1.10
1.12
1.14
1.15
1.18
1.13
1.17
1.17
1.15
Eastern Central Western
1.21 1.19 1.23
1.25 1.17 1.29
1.25 1.17 1.29
1.25 1.17 1.29
1.25 1.17 1.29
1.18 1.14 1.22
1.25 1.17 1.29
1.18 1.18 1.25
1.20 1.20 1.23
1.24 1.21 1.22
1.24 1.20 1.26
1.23 1.22 1.25
1.22 1.21 1.22
1.00 0.07 1.03
0.99 0.96 1.04
0.99 0.99 1.03
0.99 1.00 1.02
0.99 0.99 1.03
0.99 0.99 1.04
/f•4 RSH4J [ T•AL. U,477 ON' SERVICE
2(1 22 CoreLogie®; Inc. and its lieerr.sor.5, all rights reserved.
The data included on this page becomes obsolete after update deliveey, scheduled_frt. February 2022.
Any reprinting, di'str'ibution, creation of derivative works, acwf/orpublic displays is strictly prohibited.
bite d.
1/2022
LOCAL MULTIPLIERS
SECTION 99PAGE 7
fan (icily 2022
CLASS A BCD S
COLORADO
Aspen
Boulder
Colorado Springs
Coslilla a County
Denver
Durango
Eagle Co. (x/resort areas)
Fort Collins
Grand Junction
Greeley
r
Gunnison County
Kit Carson County
Logan County
Longmont
Loveland
Moffat County
Montrose County
Prowers County
Pueblo
Steamboat Springs
Vail
CONNECTICUT
Bridgeport
Bristol
Danbury
Fairfield
Greenwich
Hartford
Meriden
Middletown
Milford
New Britain
New Haven
New London
Norwich
Stamford
Waterbury
Windsor Locks
DELAWARE
Dover
Wilmington
0.98 1.00 1.00 1.00 1.00
1.07 1.11 1.12 1.10 1.10
0.95 0.97 0.96 0.95 0.96
0.95 0.98 0.95 0.97 0.98
0.85 0.86 0.85 0.85 0.87
0.97 0.97 0.97 0.98 0.99
0.90 0.89 0.90 0.88 0.90
0.92 0.93 0.93 0.94 0.95
0.95 0.99 1.00 0.98 0.99
0.99 0.97 0.97 0.97 0.99
0.95 0.98 0.99 0.98 0.97
0.92 0.97 0.95 0.96 0.96
0.86 0.88 0.88 0.88 0.89
0.88 0.90 0.90 0.89 0.90
0.94 0.96 0.98 0.96 0.97
0.93 0.97 1.00 0.98 0.97
0.90 0.92 0.90 0.90 0.91
0.90 0.90 0.90 0.87 0.90
0.91 0.90 0.89 0.90 0.90
0.98 0.94 0.98 0.98 0.93
1.13 1.15 1.14 1.14 1.18
1.10 1.14 1.12 1.12 1.13
1.12 1.14 1.12 1.12 1.13
1.14 1.15 1.14 1.14 1.15
1.10 1.13 1.11 1.09 1.12
1.13 1.16 1.15 1.15 1.15
1.11 1.12 1.13 1.13 1.12
1.27 1.26 1.20 1.22 1.28
1.13 1.17 1.16 1.15 1.16
1.09 1.12 1.10 1.10 1.10
1.09 1.12 1.12 1.11 1.09
1.07 1.07 1.05 1.05 1.07
1.11 1.14 1.12 1.11 1.11
1.11 1.12 1.11 1.08 1.11
1.05 1.08 1.06 1.11 1.06
1.05 1.08 1.07 1.09 1.06
1.24 1.26 1.20 1.22 1.27
1.10 1.11 1.07 1.06 1.10
1.11 1.15 1.12 1.11 1.14
1.09 1.08 1.08 1.09 1.08
1.07 1.06 1.06 1.06 1.06
1.11 1.10 1.09 1.11 1.10
DIST. OF COLUMBIA 1.04 1.07 1.04 1.03 1.03
FLORIDA
Bradenton
Brevard County
Broward County
Dade County
Daytona Beach
Fart Myers
Fort Pierce
Gainesville
Jacksonville
Key West
Lakeland
Marathon
0.97 0.95 0.95 0.95 0.97
0.97 0.97 0.95 0.96 0.98
0.98 0.95 0.92 0.93 0.95
0.97 0.95 0.95 0.96 0.98
0.96 0.94 0.97 0.96 0.99
0.95 0.94 0.93 0.92 0.95
0.94 0.93 0.93 0.93 0.96
0.97 0.93 0.92 0.92 0.97
0.95 0.94 0.94 0.92 0.94
0.98 0.95 0.95 0.95 0.97
1.13 1.11 1.13 1.11 1.12
0.95 0.96 0.96 0.96 0.96
1.09 1.05 1.07 1.04 1.09
Apply to costs brought up-to-date from preceding pages_ Do not apply to Section 98 or any other indexes.
UNITED STATES
A BCDS
CLASS
FLORIDA (Continued)
Miami
Naples
Ocala
Orlando
Palm Beach
Panama City
Pensacola
Pinellas County
Sarasota
Tallahassee
Tampa
Vero Beach
GEORGIA
Albany
Athens
Atlanta
Augusta
Columbus
Macon
Rome
Savannah
Valdosta
HAWAII
Hilo
Kauai
Maui
Oahu
IDAHO
Boise
Caldwell
Coeur d' Alene
Idaho Falls
Lewiston
Moscow
Pocatello
Twin Falls
ILLINOIS
Alton
Aurora
Be leville
Bloomington
Carbondale
Centralia
Champaign
Chicago
Danville
De Kalb
Decatur
East St. Louis
Elgin
Evanston
Galesburg
Joliet
Kankakee
Marion
Moline
0.96 0.94 0.97 0.96 0.99
0.94 0.95 0.93 0.93 0.96
0.95 0.93 0.94 0.92 0.95
1.01 0.99 0.97 0.97 0.97
1.00 0.97 0.95 0.97 1.00
0.81 0.82 0.80 0.82 0.81
0.85 0.84 0.83 0.85 0.85
0.98 0.99 0.97 0.98 0.99
0.97 0.98 0.95 0.98 0.98
0.96 0.94 0.94 0.94 0.96
0.96 0.99 0.97 0.98 0.98
0.98 0.95 0.92 0.90 0.96
0.92 0.91 0.87 0.86 0.88
0.89 0.89 0.83 0.83 0.85
0.96 0.94 0.89 0.86 0.91
1.01 0.98 0.95 0.95 0.96
0.91 0.90 0.84 0.83 0.86
0.91 0.90 0.85 0.83 0.85
0.92 0.91 0.88 0.86 0.89
0.93 0.93 0.89 0.87 0.89
0.86 0.89 0.88 0.88 0.88
0.85 0.84 0.82 0.83 0.82
1.54 1.61 1.59 1.61 1.56
1.58 1.64 1.63 1.66 1.62
1.69 1.76 1.75 1.78 1.72
1.46 1.52 1.52 1.53 1.47
1.43 1.50 1A7 1.48 1.44
1.02 1.03 1.02 1.01 1.03
1.06 1.03 1.05 1.05 1.04
1.04 1.01 1.04 1.04 1.02
1.00 1.03 1.02 0.99 1.04
1.04 1.04 1.04 1.02 1.04
1.00 1.02 0.98 0.96 1.01
1.01 1.03 0.98 0.97 1.02
1.00 1.02 0.99 0.98 1.01
1.01 1.03 1.03 1.03 1.02
1.11 1.13 1.13 1.13 1.12
1.00 1.03 1.05 1.04 1.01
1.19 1.22 1.23 1.21 1.19
1.05 1.08 1.10 1.07 1.04
1.04 1.14 1.10 1.12 1.11
1.07 1.08 1.07 1.06 1.05
1.05 1.06 1.07 1.05 1.04
1.07 1.09 1.08 1.09 1.09
1.23 1.25 1.24 1.24 1.22
1.09 1.10 1.08 1.09 1.09
1.18 1.21 1.21 1.19 1.18
1.06 1.08 1.09 1.11 1.09
1.04 1.06 1.08 1.08 1.06
1.20 1.23 1.21 1.21 1.20
1.21 1.23 1.23 1.21 1.20
1.08 1.09 1.07 1.07 1.09
1.19 1.22 1.21 1.21 1.19
1.20 1.24 1.23 1.25 1.24
1.07 1.08 1.07 1.06 1.06
1.07 1.05 1.07 1.04 1.05
CLASS
ILLINOIS (Continued)
Normal
Peoria
Quincy
Rock Island
Rockford
Skokie
Springfield
Urbana
Waukegan
INDIANA
Anderson
Bloomington
Columbus
Elkhart
Evansville
Fort Wayne
Gary
Hammond
Indianapolis
Kokomo
Lafayette
Logansport
Marion
Michigan City
Muncie
Richmond
South Bend
Terre Haute
IOWA
Burlington
Cedar Rapids
Council Bluffs
Davenport
Des Moines
Dubuque
Fort Dodge
Iowa City
Mason City
Sioux City
Waterloo
KANSAS
Dodge City
Fort Scott
Garden City
Goodland
Hays
Kansas City
Lawrence
Liberal
Manhattan
Olathe
Overland Park
Pittsburg
Salina
Topeka
Wichita
A BCDS
1.05 1.14 1.11 1.13 1.12
1.05 1.10 1.08 1.08 1.09
1.06 1.11 1.11 1.10 1.10
1.08 1.06 1.08 1.08 1.07
1.10 1.16 1.13 1.14 1.11
1.22 1.24 1.24 1.25 1.22
1.02 1.05 1.06 1.06 1.06
1.07 1.09 1.08 1.09 1.09
1.21 1.23 1.23 1.21 1.22
1.01 1.02 1.01 1.01 1.03
0.95 0.94 0.94 0.95 0.95
1.00 0.99 1.00 0.99 1.02
0.98 0.98 0.96 0.97 0.97
1.04 1.04 1.02 1.02 1.04
0.94 1.00 0.99 0.99 1.00
1.01 1.03 1.02 1.01 1.03
1.20 1.21 1.21 1.21 1.20
1.20 1.21 1.21 1.21 1.20
1.01 0.99 0.99 0.99 1.01
0.98 0.98 0.95 0.97 0.98
0.96 1.01 1.01 1.00 1.04
0.94 0.94 0.91 0.92 0.96
0.94 0.95 0.92 0.92 0.96
1.21 1.21 1.20 1.20 1.20
0.93 0.94 0.95 0.96 0.95
0.94 0.95 0.93 0.94 0.96
1.02 1.02 1.02 1.01 1.02
1.01 1.01 0.99 1.00 1.01
0.98 1.00 0.99 0.99 1.00
0.98 0.98 0.96 0.97 0.98
0.96 1.00 0.98 0.99 0.99
0.91 0.97 0.93 0.92 0.94
1.07 1.06 1.07 1.07 1.06
1.00 0.95 0.97 0.96 0.98
1.02 1.04 1.01 1.04 1.02
0.97 0.99 0.98 0.98 0.99
0.96 1.01 0.99 1.01 1.00
0.99 1.04 1.02 1.05 1.03
0.91 0.95 0.94 0.94 0.95
0.98 1.01 0.99 1.00 1.01
0.95 0.95 0.95 0.94 0.95
0.93 0.91 0.93 0.92 0.91
0.92 0.92 0.91 0.93 0.92
0.87 0.87 0.87 0.87 0.86
0.88 0.88 0.89 0.89 0.88
0.88 0.87 0.86 0.84 0.87
1.08 1.07 1.08 1.07 1.07
1.03 1.03 1.05 1.05 1.04
0.87 0.86 0.86 0.84 0.85
0.93 0.95 0.96 0.97 0.94
1.08 1.07 1.09 1.06 1.06
1.07 1.08 1.09 1.06 1.06
0.90 0.89 0.88 0.88 0.89
0.92 0.93 0.92 0.92 0.94
1.01 1.01 0.99 0.97 1.04
0.94 0.93 0.91 0.89 0.94
MARSHALL VALU ,4BBOA',SLRi SERVICE The data included on this page becomes obsolete after update delive y, scheduled forApril2022.
2.022 ({ii'eLoLgic _, Inc. and T1.y lTC'E.'fr,l{ii',_, au Tights i'ego"pea. Any reprinting. distribution., {..reatioi, ofderivative works. and/or public displays is strictly prohibited,
1/2022
Land Sales Comparables
Parcel
Address
Sale Price
Sale Date
Zoning
Land Size (Acres)
$ / Acre
/SF
Subject
R5274308
1585 Main St
629,602
Commercial
1.26
500,877
11.50
Land Sale #1 Land Sale #2 Land Sale #3 Land Sale #4
080719109003 080722318001 080720203006
1625 Main St
430,000
5/18/22
Commercial
0.99
435,531
10.00
821 Automation
Dr
321,000
3/11/22
179 12th St
100,000
8/2/21
Limited Industrial GC- PUD Windsor
1.47
218,367
5.01
030
143,596
130
86273-31-002
5895 Rockwell
Ave
390,000
5/5/21
I
1.50
260,000
5.97
Adjustments
Size
Total Adjustments
0.0%
0.0%
- 0.5%
- 0.5%
0.4%
0.4%
0.5%
0.5%
Adjusted $/Acre
Adjusted $/SF
500,877
11.50
433,182
9.94
219,298
5.03
141,986
3.26
261,264
6.00
Average Adjusted 5/Acre 263,932
Average Adjusted 5/SF 6.06
Adjusted Average Land Value (5) 331,763
36
Timnath
Twin Silo Park
9
.4h
co
O
O.
Northern
Colorado
Regional La
Airport if
9
"CEi1 TERRA
Loveland
Sports Park
Address
1625 Main St
821 Automation Dr
179 12th St
5895 Rockwell Ave
I0
vArs
60
City
3
74
FM
Boardwalk
Park
9
19
Windsor
Eastman Park
, k tii4
ill
17
Ow)
21
4
Severiince
70
23
Property Info
Windsor 0.99 AC Land
Windsor
1.47 AC Land
Windsor 0.70 AC Land
Lorrela nd 1.50 AC Land
Map
I
data @2022 Google
* 1585 Main Street,
Windsor, CO
(USA)
Sale Info
Sold: $430,000
Sold: $321,000
Sold: $100,000
Sold: $390,000
0 2022 Costar Group - Licensed to Pivotal Tax Solutions -12994 1269436.
6/1/2O22
37
Page 1
1
1625
Windsor,
Sale
Commercial
on
Main
5/18/2022
St
CO 30550
Land
-
for
of 0.99
Lot
$430,000
3
($435,531.25/AC)
AC (43,007
SOLD
- Public Record
SF)
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Map
data.
(?)2022
Buyer & Seller Contact Info
Recorded Buyer: - Recorded Seller:
Listing Broker:
Windsor
3555
Fort
Precept
Stephen
(970)
20 LIc
Stanford Rd
Collins, CO 80525
Properties
Greenlee
231-2700
Transaction Details
ID: 6020109
Escrow
Price/AC
On
Off
Improvements:
Asking
-Site
-Site
Land
Topography:
Salle
Sale
Ilmprov:
Imprav:
Length:
Price:
Price:
Gross:
Zoning:
Date:
05/'18/2022
-
$430,000
430070
$435,531.25
Commercial
Level
Finished
Cable,
fully
-Confirmed
lot
Curb/Gutter/Sidewalk,
improved
(4,748 days
($'1 0.00/SF)
lot
on
market)
Electricity,
Proposed
Gas, Irrigation,
Sale Type: Investment
Land Area: 0.99 AC (43,007
Use: Commercial
Sewer, Streets, Telephone,
SF)
Water
2022 CoStar Group - Licensed Flo Pivotal Tax Solutions -1269436.
6/1/2022
38
Paget
1625 Main St - Lot 3
Commercial Land of 0.99 AC (43,007 SF) (can't)
SOLD
Current Land Information
ID: 7071681
Zoning:
Density Allowed:
Number of Lots:
Max # of Units:
Units per Acre:
Improvements:
Topography:
Off Site Improv:
Corn mercial
fully improved lot
Proposed Use:
Land Area:
On -Site Improv:
Lot Dimensions:
Owner Type:
Commercial
0.99 AC (43,007 SF)
Finished lot
Level
Cable, Curb/Gutter/Sidewalk, Electricity, Gas, Irrigation, Sewer, Streets, Telephone, Water
Location Information
Metro Market:
Submarket:
County:
CBSA :
CSA:
DMA:
Denver
Weld County/Weld County
Weld
Greeley, CO
Denver -Aurora, CO
Denver, CO -WY -NE
+ 2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
39
Page 3
2
821
Windsor,
Sale
Commercial
Automation
on 3/11/2022
CO 60550
Land
for $321,000
of 1.47
Dr - Windsor
($218,367.35/AC)
AC (64,033
SF)
Land
SOLD
- Public Record
set
is C
Technology Cir
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Map
data
Q2022
Buyer & Seller Contact Info
Recorded Buyer: - Recorded Seller: S &
True Buyer - True Seller: Eugene
1417
Fort
(970)
Seller Type: Individual
Listing Broker: RENIAX
Michelle
(970)
K
Linden
Collins,
215-7016
LLC
482-7723
C
eh
Koehnke
Commercial
Hickey
n
Lake
CO
ke
Rd
80524
Alliance
Crawford CCIM
Transaction Details ID: 5917585
Price/AC
Sale
Escrow
Sale
Asking
Land
On -Site
Off -Site
Sale
Date: 031'1'1/2022
Length: -
Price: $321,000
Price: 320166
Gross: $218,367.35
Zoning: Limited
Improv: Raw
Improv: Cable,
History: Sold
Sold
land
Industrial
Curb/Gutter/Sidewalk,
for
on
-Confirmed
$321,000
4/25/2018
(44
($5.01/SF)
days
on
on market)
3/11/2022
Proposed
Electricity, Gas, Irrigation,
Sale
Land
Sewer,
Type:
Area:
Use:
Investment
1.47 AC (64,033
Industrial,
Streets, Telephone,
SF)
Warehouse
Water
O 2022 CoStar Group - Licensed to Pivotal Tax Solutions - 12694 36.
6/1/2022
40
Page 4
821 Automation Dr -Windsor Land
Commercial Land of 1.47 AC (64,033 SF) (can't)
SOLD
a ■
Current Land Information
ID: 7325796
Zoning:
Density Allowed:
Number of Lots:
Max # of Units:
Units per Acre:
Improvements:
Off -Site Improv:
Limited Industrial
I
Proposed Use:
Land Area:
On -Site Improv:
Lot Dimensions:
Owner Type:
Industrial/Warehouse
1.47 AC (64,033 SF)
Raw land
Cable, Curb/Gutter/Sidewalk, Electricity, Gas, Irrigation, Sewer, Streets, Telephone, Water
Location Information
Metro Market:
Submarket:
County:
CBSA:
GSA:
DMA:
Denver
Weld County/Weld County
Weld
Greeley, CO
Denver -Aurora, CO
Denver, CO -WY -NE
2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
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Page 5
3
179
Windsor,
Sale
Commercial
12th
on
8/2/2021
St
CO 30550
Land
for $100,000 ($143,595.63/AC)
of 0.70 AC (30,335
SOLD
- Public Record
SF)
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St - - -
w
Goog;
I
Map
data
ig2022 Google
Buyer & Seller Contact Info
Recorded Buyer:
True Buyer:
Buyer Type:
Buyer Broker:
PBco,
Mark
Mark
317
Windsor,
(970)
Individual
SVN
Jerry
(970)
7th
I
LLC
Despain
Despain
460-3019
Denver
Chilson
488-3179
St
CO
Recorded Seller:
True Seller:
80550
Seller Type: Individual
Commercial Listing Broker:
(970)
C2
Rebate
Lars
7255
Mesa,
(480)
SVN
Jerry
INVEST
Christensen
E
558-3366
I
488-3179
AZ
Denver
Chilson
Promotions
Hampton
85209
L
L C
Ave
Commercial
Transaction Details * ID: 5623356
Price/AC
Lot
Escrow
Asking
Topography:
On -Site
Sale
Sale
Land
Dimensions:
Sale
Parcel
Length:
Zoning:
Improv:
History:
Gross:
Date:
Price:
Price:
No:
08/02/2021
-
$100,000
150000
$143,595.63
GC-
Irregular
Level
Finished
080720203006
Sold
Portfolio
PIED
for
-Confirmed
lot
$100,000
sale
(265
Windsor
($3.30/SF)
days
of
on
2 properties
on market)
812/2021
sold
Improved
for $1,635,000
Total
La
Percent
nd
Land
Proposed
Value
Value
Value
on
Sale
Land
Improved:
Assessed:
Assessed:
Assessed/AC:
8/30/2017
Assessed
Type:
Area:
Use:
Investment
0.70
Retail,
-
$212,338
-
$212,338
$304,908
AC (30,335 SF)
Office
in 2020
0 2022 CoSts r Group - Licensed to Pivotal Tax Solutions - 12694 36.
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Page 6
179
Commercial
12th
St
Land
of 0.70 AC (30,335 SF) (can't)
SOLD
Income Expense
Data
Expenses
- Operating
Expenses
Total Expenses
- Taxes
$5,414
$5,414
Current Land Information
ID: 10258988
Zoning:
Density Allowed:
Number of Lots:
Max # of Units:
Units per Acre:
Improvements:
Topography:
GC- PUD Windsor
-
-
-
-
-
Level
Proposed
Land
On -Site Improv:
Lot Dimensions:
Owner
Location Information
Use: Retail/Office
Area: 0.70
Finished
Irregular
Type: Individual
AC (30,335 SF)
lot
Metro
Submarket:
Market: Denver
Weld
County: Weld
CBSA: Greeley,
CSA: Denver
DMA: Denver,
County/Weld
CO
-Aurora, CO
CO -WY -NE
County
2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
6/1/2022
43
Pagel
4
5895
Loveland,
Sale on
Commercial
Rockwell
CO
5/5/2021
Land
80538
for
of
Ave -
$390,000
1.50 AC (65,340
Lots
($260,000.00/AC)
1
SF)
and
2 - Centre
- Public
Record
Point
Business
Park
- Centre
Point
B SOLD
..e:g
yir
Rockwell
%.4
0.
Ave =
as
toi
ID
ER 22
1
pr
Goo
;
I
Map
data
Q2022
Buyer & Seller Contact Info
Recorded Buyer: - Recorded Seller: 5A Developments, LLC
Listing Broker: Cushman & Wakefield
Aki Palmer
(970) 267-7727
Transaction Details ID: 5490628
Price/AC
Escrow
On
Off
Improvements:
Asking
-Site
-Site
Sale
Land
Topography:
Sale
Sale
Length:
Gross:
Zoning:
Improv:
Improv:
History:
Date:
Price:
Price:
05/05/2021
-
$390,000
475000
$260,000.00
Level
Raw
Cable,
None
Sold
Sold
land
-Confirmed
Curb/Gutter/Sidewalk,
for $300,000
for $350,000
(173
days
($5.97/S9
on
on
on market)
5/5/2021
1/30/2020
Electricity, Gas, Irrigation,
Land
Proposed
Sale
Land
Area
Sewer,
Type:
Area:
-
Net:
Use:
Investment
1.50 AC (65,340 SF)
0.66 AC (28,750 SF)
Commercial, Industrial, Industrial Park
Streets, Telephone, Water
Income Expense Data
Expenses - Taxes $3,943
- Operating Expenses
Total
Expenses $3,943
2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
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Page 8
5895 Rockwell Ave - Lots I and 2 - Centre Point Business Park - Centre Point Business
Commercial Land of 1.50 AC (05,340 SF) (can't)
SOLD
Current Land Information
ID: 8285385
Zoning:
Density Allowed:
Number of Lots:
Max # of Units:
Units per Acre:
Improvements: None
Legal Desc:
Topography:
Off -Site Improv:
I
Proposed Use:
Land Area:
Land Area - Net:
On -Site Improv:
Lot Dimensions:
Owner Type:
Commercial/Industrial/Industrial Park
1.50 AC (65,340 SF)
0.66 AC
Raw land
Lot 2, Block 4
Level
Cable, Curb/Gutter/Sidewalk, Electricity, Gas, Irrigation, Sewer, Streets, Telephone, Water
Location Information
Park Name:
Metro Market:
Submarket:
County:
CBSA:
DMA:
Centre Point Business Park
Denver
Fort Coll ins/Loveland/Fort Collins/Loveland
Lari mer
Fort Collins, CO
Denver, CO -WY -NE
2022 CoStar Group - Licensed to Pivotal Tax Solutions -1269436.
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Page 9
PIS OTAL
TAX OLUT I
STATS ft LOCAL TAX ADVJSORM
Packet Summary
In conclusion, based on our analysis, we are requesting the following value for this property
Method
Value $/SF
Sales Comparison
Cost
$ 761,751 / $ 357.80
5
826,407 / $
388.17
Requested Value
5
826,407 / $ 388.17
July 18, 2022
Petitioner:
HUTTON WINDSOR CO ST LLC
736 CHERRY ST
CHATTANOOGA, TN 37402-1909
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldgov.com
1150O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
PIVOTAL TAX SOLUTIONS
202 N LINDSAY RD STE 201
MESA, AZ 85213-9295
RE: THE BOARD OF EQUALIZATION 2022, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket 2022-2024, AS0109 Appeal 2008231032 Hearing 8/3/2022 1:30 PM
Account(s) Appealed:
R5274308
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of August 3, 2022, at or about the hour of
1:30 PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld
County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado.
You have a right to attend this hearing and present evidence in support of your petition. The Weld
County Assessor or his designee will be present. The Board will make its decision on the basis of
the record made at the aforementioned hearing, as well as your petition, so it would be in your
interest to have a representative present. If you plan to be represented by an agent or an attorney
at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an
authorization for the agent or attorney to represent you. If you do not choose to attend this hearing,
a decision will still be made by the Board by the close of business on August 5, 2022, and mailed to
you within five (5) business days.
Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10
minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide
evidence to support your position. This may include evidence that similar homes in your area are
valued less than yours or you are being assessed on improvements you do not have. Please note:
The fact that your valuation has increased cannot be your sole basis of appeal. Without
documented evidence as indicated above, the Board will have no choice but to deny your appeal.
If you wish to discuss your value with the Assessor's Office, please call them at (970) 400-3650. If
you wish to obtain the data supporting the Assessor's valuation of your property, please submit a
written request directly to the Assessor's Office by emailing assessor@weldgov.com or sending a
fax to (970) 304-6433. Upon receipt of your written request, the Assessor will notify you of the
estimated cost of providing such information. Payment must be made prior to the Assessor
providing such information, at which time the Assessor will make the data available within three (3)
working days, subject to any confidentiality requirements.
Please advise me if you decide not to keep your appointment as scheduled. If you need any
additional information, please call me at your convenience.
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Assessor
July 18, 2022
Agent: Petitioner:
PIVOTAL TAX SOLUTIONS
202 N LINDSAY RD STE 201
M ESA, AZ 85213-9295
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldgov.com
1150O STREET
P.O. BOX 758
GREELEY CO 80632
HUTTON WINDSOR CO ST LLC
736 CHERRY ST
CHATTANOOGA, TN 37402-
1909
RE: THE BOARD OF EQUALIZATION 2022, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket 2022-2024, AS0109 Appeal 2008231032 Hearing 8/3/2022 1:30 PM
Account(s) Appealed:
R5274308
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of August 3, 2022, at or about the hour of
1:30 PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld
County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado.
You have a right to attend this hearing and present evidence in support of your petition. The Weld
County Assessor or his designee will be present. The Board will make its decision on the basis of
the record made at the aforementioned hearing, as well as your petition, so it would be in your
interest to have a representative present. If you plan to be represented by an agent or an attorney
at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an
authorization for the agent or attorney to represent you. If you do not choose to attend this hearing,
a decision will still be made by the Board by the close of business on August 5, 2022, and mailed to
you within five (5) business days.
Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10
minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide
evidence to support your position. This may include evidence that similar homes in your area are
valued less than yours or you are being assessed on improvements you do not have. Please note:
The fact that your valuation has increased cannot be your sole basis of appeal. Without
documented evidence as indicated above, the Board will have no choice but to deny your appeal.
If you wish to discuss your value with the Assessor's Office, please call them at (970) 400-3650. If
you wish to obtain the data supporting the Assessor's valuation of your property, please submit a
written request to assessor@weldgov.com. Upon receipt ofyour written request, the Assessor will
notify you of the estimated cost of providing such information. Payment must be made prior to the
Assessor providing such information, at which time the Assessor will make the data available within
three (3) working days, subject to any confidentiality requirements.
Please advise me if you decide not to keep your appointment as scheduled. If you need any
additional information, please call me at your convenience.
Very truly yours,
BOARD OF EQUALIZATION
4Lls. �IG"l.
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Assessor
August 4, 2022
Petitioner:
HUTTON WINDSOR CO ST LLC
736 CHERRY ST
CHATTANOOGA, TN 37402-1909
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldgov.com
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
PIVOTAL TAX SOLUTIONS
202 N LINDSAY RD STE 201
MESA, AZ 85213-9295
RE: THE BOARD OF EQUALIZATION 2022, WELD COUNTY, COLORADO
CONFIRMATION OF WITHDRAWAL REQUEST
Docket #: 2022-2024 Appeal #: 2008231032
Dear Petitioner:
Based upon information furnished to the Weld County Board of Equalization, we understand that you
have withdrawn the petition challenging the valuation of the below account number(s). Please be
informed that a withdrawn petition precludes any further challenge to the valuation of the below account
number(s) for this assessment period. Therefore, the Board of Equalization took no action on your petition
and the assessed value remains as set by the Assessor.
Actual Value as
Account # Decision Determined by Assessor
R5274308 Withdrawn $1,064,500
Very truly yours,
BOARD OF EQUALIZATION
azY,„,, `r ccv rc G
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Weld County Assessor
August 4, 2022
Agent: Petitioner:
PIVOTAL TAX SOLUTIONS
202 N LINDSAY RD STE 201
MESA, AZ 85213-9295
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldgov.com
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
HUTTON WINDSOR CO ST LLC
736 CHERRY ST
CHATTANOOGA, TN 37402-1909
RE: THE BOARD OF EQUALIZATION 2022, WELD COUNTY, COLORADO
CONFIRMATION OF WITHDRAWAL REQUEST
Docket #: 2022-2024 Appeal #: 2008231032
Dear Petitioner:
Based upon information furnished to the Weld County Board of Equalization, we understand that you
have withdrawn the petition challenging the valuation of the below account number(s). Please be
informed that a withdrawn petition precludes any further challenge to the valuation of the below account
number(s) for this assessment period. Therefore, the Board of Equalization took no action on your petition
and the assessed value remains as set by the Assessor.
Actual Value as
Account # Decision Determined by Assessor
R5274308 Withdrawn $1,064,500
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Weld County Assessor
Hello