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Property profile & analytics
OFF-MARKET
Office Spaces
11 Victory Way Craig, CO 81625-1911
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-1784069
Property summary
AI-generated overview
This exceptional 1,560 square foot commercial building is ideally situated in the heart of downtown Craig, Colorado, at the highly visible corner of Victory Way and Yampa Avenue. The single-story structure has undergone tasteful renovations, boasting a modern and functional layout. The interior features individual offices, a dedicated conference room, a welcoming reception area, a convenient kitchenette, and multiple bathrooms. The flexible floor plan offers the potential to reconfigure the space to meet diverse business needs
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1928
Construction
WOOD
Total area
1,560 SF
Lot
0.14 ac (6,250 SF)
APN
R007464
UPID
US13-1784069
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
-
jolein a harro pc Law Firm
-
RAM Designs LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Noble James A Foster Care Service Social Service Agency
-
Greg Neal Financial Advisor
-
Western Slope Health Insurance LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
11 East Victoria Way LLC · 5 yrs held
11 East Victoria Way LLC
since 2021
5 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 Craig submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Craig 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,966
Tax year 2023
Assessed value
$46,469
Assessed 2023
Previous assessed
$55,700
-16.6% YoY
Effective rate
8.53%
On assessed value
Assessed land
$25,110
Assessed improvement
$21,359
Land market value
$90,000
Improvement market value
$76,554
Total market value
$166,554
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
1,560 SF
Lot
0.14 ac (6,250 SF)
APN
R007464
UPID
US13-1784069
Jurisdiction
MOFFAT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1928
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
11 East Victoria Way LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2474 PATTERSON RD STE #200, GRAND JUNCTION, CO 81505-3612
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2021
—
11 East Victoria Way LLC
2474 Patterson Road LLC
Special Warranty Deed
—
Jul 24, 2019
—
2474 Patterson Road LLC
—
Deed
related
$515,000 · Timberline Bank
Feb 13, 2017
$185,000
2474 Patterson Road LLC
Yvonne Gustin
Warranty Deed
$120,000 · Bank Of Colorado
May 8, 2008
$250,000
Yvonne Gustin
Mountain West Insurance & Financial
Warranty Deed
$382,875 · First National Bank Of The Rockies
Mar 30, 2006
$120,000
Mountain West Insurance & Financial
The Mary Madge Pleasant Revocable T
Warranty Deed
$84,000 · Mary Madge Pleasant Trust
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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