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Property profile & analytics
FOR SALE
Bars & Pubs
108 Main St, Collbran, CO 81624
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-0914554
For Sale
1 / 27
$399,000
108 Main St, Collbran, CO 81624
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,214 SF
Lot
0.14 ac (6,250 SF)
Zoning code
2230
APN
2667-351-03-004
UPID
US13-0914554
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
-
Collbran Cafe Cafe & Coffee Shop
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
Michael Miller · 8 yrs held
Michael Miller
since 2017
7 recorded transactions
Zoning & alternative use
2230 · Collbran, CO
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 Collbran submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collbran 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
$3,240
Tax year 2023
Assessed value
$52,240
Assessed 2023
Previous assessed
$32,910
+58.7% YoY
Effective rate
6.20%
On assessed value
Assessed land
$4,360
Assessed improvement
$47,880
Land market value
$15,630
Improvement market value
$171,620
Total market value
$187,250
Applied tax rate
20,100.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
2,214 SF
Lot
0.14 ac (6,250 SF)
Zoning code
2230
APN
2667-351-03-004
UPID
US13-0914554
Jurisdiction
MESA
Zoning & alternative use
2230 · Collbran, CO
Zoning 2230 · permitted uses
2230 · Collbran, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collbran. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Michael Miller
Individual
Mailing address
PO BOX 83, COLLBRAN, CO 81624-0083
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
—
Britany Miller
—
Deed
related
$15,000 · Grand Vly Bk
Nov 20, 2019
—
Britany Miller
—
Deed
related
$15,000 · Grand Vly Bk
Sep 18, 2018
—
Britany Miller
—
Deed
related
$15,000 · Grand Vly Bk
Aug 28, 2017
$105,000
Michael Miller
Thomas Patrick Noel
Warranty Deed
$78,750 · Grand Valley Bank
Nov 2, 2012
$176,358
Thomas P Noel
Public Trustee Of Mesa County
Trustees Deed
—
Oct 19, 2012
$176,358
John Lopez
Public Trustee Of Mesa County
Certificate Of Purchase
$185,000
Oct 4, 2006
$248,500
John Lopez
Hendricks,jane
Warranty Deed
$185,000 · Jane J Hendricks
—
—
John Lopez
—
Deed Of Trust
related
$177,187 · Jane J Hendricks
—
—
Britany Miller
—
Loan Modification
related
$15,000 · Grand Vly Bk
—
—
Britany Miller
—
Loan Modification
related
$15,000 · Grand Vly Bk
—
—
Britany Miller
—
Loan Modification
related
$15,000 · Grand Vly Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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