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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
101 Grand Ave Mancos, CO 81328-9268
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-1910319
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1904
Total area
6,107 SF
Lot
0.2 ac (8,712 SF)
Zoning code
DMU
APN
560528314001
UPID
US13-1910319
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
-
Artisans of Mancos Art Gallery
-
Look Look Design Marketing & Advertising Advertising Agency
-
Turning Beyond Ranch Ranch
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$885k
Owner & transaction history
Minouche LLC · 3 yrs held
Minouche LLC
since 2023
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
DMU · Mancos, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DMU: Downtown Mixed-Use. The Downtown Mixed-Use District is designed for application to Downtown Mancos to allow a vibrant mix of commercial, retail, office, light industrial, and residential uses that allow residents and visitors to enjoy the hub of the community. (h)
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
4.25 ac
Source
municipal code
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 Mancos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mancos 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
$945,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $900k (Apr 3 2023)
Last sale anchor
$900k
Apr 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$12,367
Tax year 2023
Assessed value
$171,417
Assessed 2023
Previous assessed
$138,408
+23.8% YoY
Effective rate
7.21%
On assessed value
Assessed land
$34,107
Assessed improvement
$137,310
Land market value
$117,612
Improvement market value
$473,482
Total market value
$591,094
Applied tax rate
61,039.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1904
Heating
FORCED AIR
Buildings
15
Stories
1
Total area
6,107 SF
Lot
0.2 ac (8,712 SF)
Zoning code
DMU
APN
560528314001
UPID
US13-1910319
Jurisdiction
MONTEZUMA
Zoning & alternative use
DMU · Mancos, COZoning DMU · permitted uses
DMU · Mancos, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DMU: Downtown Mixed-Use. The Downtown Mixed-Use District is designed for application to Downtown Mancos to allow a vibrant mix of commercial, retail, office, light industrial, and residential uses that allow residents and visitors to enjoy the hub of the community. (h)
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
4.25 ac
Source
municipal code
Building & site characteristics
From public records
Year built
1904
Heating
FORCED AIR
Stories
1
Buildings
15
Lot
0.2 ac
Current owner
From public records · entity-resolved
Minouche LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 281, MANCOS, CO 81328-0281
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
—
Minouche LLC
—
Deed
related
$1,011,397 · The Dolores State Bank
Apr 3, 2023
$900,000
Minouche LLC
Bauer Building LLC
Warranty Deed
—
Feb 11, 2020
—
Baner Building LLC
Absolute Bakery And Cafe INC
Bargain And Sale Deed
—
Jul 23, 2012
$400,000
Richard A Vick
Lone Canyon Ranch Lllp
Warranty Deed
$280,000 · Wells Fargo Bank NA
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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