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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
1121 Central Ave Dolores, CO 81323-5099
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-2175335
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2000
Total area
5,791 SF
Lot
0.35 ac (15,246 SF)
Zoning code
NR-3
APN
535910312007
UPID
US13-2175335
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Md1121 Limited · 10 yrs held
Md1121 Limited
since 2015
4 recorded transactions
Zoning & alternative use
NR-3 · Dolores, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ed for application in areas designated "Town Residential" on the Future Land Use Map in the Comprehensive Plan. Lot size: Single family or duplex: 3,000 to 6,000 sf, smaller for townhouse. 5. Neighborhood Residential 3 (NR-3). The NR-3 Neighborhood Residential 3 district is designed primarily to accommodate attached and multiunit dwellings. NR-3 zoning is ap…
Zone name
Neighborhood Residential 3
General category
COMMERCIAL
Zone area
17.80 ac
Source
Code of Ordinances
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 Dolores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dolores 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
$2,878
Tax year 2023
Assessed value
$45,434
Assessed 2023
Previous assessed
$36,744
+23.7% YoY
Effective rate
6.33%
On assessed value
Assessed land
$5,254
Assessed improvement
$40,180
Land market value
$66,000
Improvement market value
$504,768
Total market value
$570,768
Applied tax rate
41,029.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2000
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
5,791 SF
Lot
0.35 ac (15,246 SF)
Zoning code
NR-3
APN
535910312007
UPID
US13-2175335
Jurisdiction
MONTEZUMA
Zoning & alternative use
NR-3 · Dolores, COZoning NR-3 · permitted uses
NR-3 · Dolores, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ed for application in areas designated "Town Residential" on the Future Land Use Map in the Comprehensive Plan. Lot size: Single family or duplex: 3,000 to 6,000 sf, smaller for townhouse. 5. Neighborhood Residential 3 (NR-3). The NR-3 Neighborhood Residential 3 district is designed primarily to accommodate attached and multiunit dwellings. NR-3 zoning is appropriate adjacent to downtown Dolores and in areas walkable to downtown where full
Zone name
Neighborhood Residential 3
General category
COMMERCIAL
Zone area
17.80 ac
Source
Code of Ordinances
Building & site characteristics
From public records
Year built
2000
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Md1121 Limited
Individual
Mailing address
31 MOENKOPI DR, DURANGO, CO 81301-6901
Ownership since
2015
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
Oct 30, 2015
$450,000
Md1121 Limited
Clx Holding #32 LLC
Special Warranty Deed
—
Aug 19, 2015
$399,000
Clx Holding #32 LLC
Beta Properties LLC
Special Warranty Deed
—
Apr 21, 2015
—
Bank Of Colorado
Steven M Corser
Trustees Deed
related
—
Apr 21, 2010
—
Benchmark Investment Trust
Steven M Corser
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.
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