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    687 Gcr 517 Granby, CO 80442
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    687 Gcr 517, Granby, CO 80442

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    • Mixed-use properties
    • 4,914 SF
    • 5.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 687 Gcr 517

    Year built
    1967
    Lot size
    5.74 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Hospitality properties

    Description

    This exceptional mixed-use property, located in Fraser, Colorado, presents a lucrative income-producing opportunity. Situated on 5.74 acres, this rustic destination venue and vacation home boasts breathtaking 360-degree views of the Rocky Mountains. The property includes two buildings, spanning 4,914 square feet across two stories, built in 1967. With 11 bedrooms and 9 bathrooms, it comfortably accommodates up to 34 guests. Amenities include indoor and outdoor hot tubs, a sauna, and a fitness room. Ample parking is available, accommodating up to 30 cars in winter and 70 in summer, along with an on-site electric vehicle charging station. The property's prime location offers easy access to Winter Park Resort, Rocky Mountain National Park, and several golf courses. This unique offering is priced at $4,000,000 ($814 per square foot) and presents a rare chance to own a high-demand, income-generating mountain retreat. The property has been recognized as one of the 10 Best VRBO Wedding Venues in Colorado by Trip 101 powered by VRBO. Nearby attractions include Granby Ranch, Fairways at Pole Creek, and Grand Elk Golf Course. Outdoor recreation opportunities abound, with hiking, biking, and cross-country skiing readily accessible. The property is just a 5-minute drive to the town of Fraser, offering a perfect blend of convenience and tranquility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Granby
    County
    Grand
    State
    Colorado
    Longitude
    -105.865
    Latitude
    39.9643

    Comparable in this City

    • Value Estimation by Request
      6,308 SF

      319 County Rd

      Mixed-use properties
      319 County Rd, Fraser, CO 80442
      View Details
    • Value Estimation by Request
      25,265 SF

      201 Wapiti Dr

      Mixed-use properties
      201 Wapiti Dr, Fraser, CO 80442
      View Details
    • Value Estimation by Request
      1.35 Acres

      77725 Us Hwy 40

      VACANT COMMERCIAL LAND
      77725 Us Hwy 40, Fraser, CO 80442-5192
      View Details
    • Value Estimation
      $965,000
      4,100 SF

      76981 Us Hwy 40

      CONDOMINIUM OFFICES
      76981 Us Hwy 40, Fraser, CO 80442-5190
      View Details
    • Value Estimation
      $860,000
      8,552 SF

      425 County Rd 5001

      BOARDING/ROOMING HOUSE
      425 County Rd 5001, Fraser, CO 80442
      View Details
    • Value Estimation
      $800,000
      20,858 SF

      551 Zerex St

      COMMERCIAL (GENERAL)
      551 Zerex St, Fraser, CO 80442-5373
      View Details

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      Turnkey Mountain Townhome with Hot Tub

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      Spacious Townhome with Lockoff Option

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    Granby, CO 80442
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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