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Property profile & analytics
FOR SALE
Office Spaces
1129 Main Ave Durango, CO 81301
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US13-0384918
For Sale
1 / 15
$1,700,000
1129 Main Ave, Durango, CO 81301
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1901
Total area
3,775 SF
Lot
0.06 ac (2,614 SF)
APN
5665-292-06-011
UPID
US13-0384918
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
-
Speicher Financial Group Financial Advisor
-
Durango Storage Units Storage Facility
-
Sunnyside Construction Construction Company
-
Horizon Properties of Durango Real Estate Agency
-
Classique Builders, LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.38M
Owner & transaction history
Envision LLC · 23 yrs held
Envision LLC
since 2003
6 recorded transactions
Zoning & alternative use
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 Durango submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durango 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
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$366 / 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
$14,546
Tax year 2023
Assessed value
$344,760
Assessed 2023
Previous assessed
$303,220
+13.7% YoY
Effective rate
4.22%
On assessed value
Assessed land
$112,410
Assessed improvement
$232,350
Land market value
$402,890
Improvement market value
$832,810
Total market value
$1,235,700
Applied tax rate
1,317.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1901
Heating
FORCED AIR
Stories
2
Bathrooms
6
Total area
3,775 SF
Lot
0.06 ac (2,614 SF)
APN
5665-292-06-011
UPID
US13-0384918
Jurisdiction
LA PLATA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1901
Heating
FORCED AIR
Stories
2
Bathrooms
6
Lot
0.06 ac
Current owner
From public records · entity-resolved
Envision LLC
Entity
Mailing address
10007 COUNTY RD 250, DURANGO, CO 81301-3115
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
—
Envision LLC
—
Deed
related
$300,000 · Bank Of The San Juans
Sep 16, 2020
—
Envision LLC
—
Deed
related
$66,000 · Eugenie A Schlittgen
Apr 4, 2003
$589,900
Envision LLC
Leonard,edward A
Grant Deed
$550,000 · Bank Of The San Juans
Jan 3, 2000
$460,000
Edward A Leonard
Paris,keith & Linda
Grant Deed
$275,000 · Seller
—
—
Envision LLC
—
Deed Of Trust
related
$540,949 · Alpine Bank
—
—
Envision LLC
—
Deed Of Trust
related
$66,000 · Eugenie A Schlittgen
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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