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Property profile & analytics
FOR SALE
Commercial real estate
1000 Grand Ave Grand Lake, CO 80447
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-1845234
For Sale
1 / 27
Contact for pricing
1000 Grand Ave, Grand Lake, CO 80447
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1922
Construction
WOOD
Total area
7,781 SF
Lot
0.23 ac (10,019 SF)
Zoning code
LC
APN
119305223004
UPID
US13-1845234
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.11M
Owner & transaction history
Grand Spirit LLC · 4 yrs held
Grand Spirit LLC
since 2021
7 recorded transactions
Zoning & alternative use
LC · Grand Lake, CO
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 Grand Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,480,000
Current use
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / 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
$19,496
Tax year 2023
Assessed value
$318,120
Assessed 2023
Previous assessed
$254,020
+25.2% YoY
Effective rate
6.13%
On assessed value
Assessed land
$205,420
Assessed improvement
$112,700
Land market value
$864,470
Improvement market value
$580,910
Total market value
$1,445,380
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1922
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
2
Total area
7,781 SF
Lot
0.23 ac (10,019 SF)
Zoning code
LC
APN
119305223004
UPID
US13-1845234
Jurisdiction
GRAND
Zoning & alternative use
LC · Grand Lake, COZoning LC · permitted uses
LC · Grand Lake, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
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
1922
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Grand Spirit LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1286, GRAND LAKE, CO 80447-1286
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
—
Grand Spirit LLC
Grand Spirit LLC
Intrafamily Transfer
related
—
Sep 29, 2017
$1,010,000
Grand Spirit LLC
T & S Lorens LLC
Warranty Deed
$700,000 · Firstoak Bank
Jun 10, 2015
—
T&s Lorens LLC
C Stanton Lorens
Quit Claim Deed
related
—
Apr 20, 2015
—
C Stanton Lorens
Judith B Lorens
Quit Claim Deed
related
—
Mar 19, 2015
—
C Stanton Lorens
Judith B Lorens
Quit Claim Deed
related
—
Oct 10, 2012
—
Judith B Lorens
Mtnmax INC
Quit Claim Deed
related
—
Oct 23, 2006
$1,800,000
Mtnmax INC
Judith B Lorens
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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