Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    111 Garmisch St Aspen, CO 81611-1738

    • Residential income homes
    • 13,518 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $2,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2233554
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MOLLIE Aspen / Hotel & Motel

    Property Details for 111 Garmisch St

    Year built
    1967
    Lot size
    0.21 lot acres
    Property size
    13,518 SF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    273512455067
    APU
    273512455067

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,195,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aspen
    County
    Pitkin
    State
    Colorado
    Longitude
    -106.823
    Latitude
    39.1913
    CBSA code
    24060
    CBSA name
    GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $203,668
    $3,766,500
    $1,788,780
    $5,555,280
    -
    $13,500,000
    $6,411,400
    $19,911,400

    Comparable in this City

    • Value Estimation
      $10,825,000
      172,994 SF

      675 Durant Ave

      BOARDING/ROOMING HOUSE • 172,994 SF
      675 Durant Ave, Aspen, CO 81611-2001
      View Details
    • Value Estimation
      $9,115,000
      134,710 SF

      355 Monarch St

      BOARDING/ROOMING HOUSE • 134,710 SF
      355 Monarch St, Aspen, CO 81611-1846
      View Details
    • Value Estimation
      $820,000
      6,525 SF

      200 Main St

      BOARDING/ROOMING HOUSE • 6,525 SF
      200 Main St, Aspen, CO 81611-1712
      View Details
    • Value Estimation by Request
      680 SF

      200 Aspen St, Unit 2

      BOARDING/ROOMING HOUSE • 680 SF
      200 Aspen St, Aspen, CO 81611-1731
      View Details
    • Value Estimation by Request
      1,600 SF

      200 Aspen St, Unit 3

      BOARDING/ROOMING HOUSE • 1,600 SF
      200 Aspen St, Aspen, CO 81611-1731
      View Details
    • Value Estimation by Request
      925 SF

      200 Aspen St, Unit 4

      BOARDING/ROOMING HOUSE • 925 SF
      200 Aspen St, Aspen, CO 81611-1731
      View Details

    Similar Nearby for Sale

    • $4,300,000
      900 SF

      Remodeled Condo in Downtown Aspen

      Two-bedroom condo in Aspen, remodeled in 2022 with Lift One privileges.
      131 E Durant Ave, Aspen, CO 81611
      View Details
    • $1,495,000
      1,612 SF

      St Regis Residence Club Aspen

      Luxury St Regis Residence Club membership in Aspen, Colorado.
      315 E Dean St, Aspen, CO 81611
      View Details
    • $18,800,000
      4,483 SF

      Renovated Duplex with ADU

      Meticulously renovated duplex with detached ADU, move-in ready.
      103 S 7Th St, Aspen, CO 81611
      View Details
    • $185,000

      Aspen Mountain Residence Timeshare

      Spacious Aspen Mountain residence with fixed and float week interest.
      415 E Dean St, Aspen, CO 81611
      View Details
    • New
      $13,250,000
      Pending

      Aspen Mixed-Use Commercial Property

      Rare mixed-use property in the heart of Aspen, Colorado.
      122 W Main St, Aspen, CO 81611
      View Details
    • $9,875,000
      3,491 SF

      Aspen Mountain Retreat with Views

      Mountain retreat with views, luxurious amenities, and prime location.
      1540 Silver King Dr, Aspen, CO 81611
      View Details

    Similar Nearby for Lease

    • $13,500 /Mo

      Aspen Condo Near Downtown

      Condo near downtown Aspen, bike paths, and ski areas.
      814 W Bleeker St, Aspen, CO 81611
      View Details
    • $14,750 /Mo
      960 SF

      Remodeled Ski Condo with Views

      Remodeled corner unit with Aspen Mountain views and great amenities.
      1039 E Cooper Ave, Aspen, CO 81611
      View Details
    • $28,000
      1,150 SF

      Aspen Condo with Mountain Views

      Luxurious 3-bedroom condo in West Aspen, walk to downtown.
      124 W Hyman Ave, Aspen, CO 81611
      View Details
    • $4,500 /Mo
      350 SF

      Aspen Studio Apartment with Views

      Top-floor studio in Aspen with updated features and mountain views.
      725 E Main St, Aspen, CO 81611
      View Details
    • $48,400

      White River Lodge Slopeside Unit

      Ski view unit available slopeside in White River Lodge.
      0197 Prospector Rd, Aspen, CO 81611
      View Details
    • $35,000

      Luxury Rental with River View

      Premium rental featuring top finishes, river views, and community pool.
      1039 E Cooper Ave, Aspen, CO 81611
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 Garmisch St
    Aspen, CO 81611-1738
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.