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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Office Spaces
1130 Main Ave Durango, CO 81301-5136
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0499846
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1901
Total area
14,901 SF
Lot
0.17 ac (7,492 SF)
APN
5665-292-07-009
UPID
US13-0499846
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
-
Ashley Kerlin, The Wells Group of Durango, LLC Real Estate Agency
-
The Durango Team at The Wells Group Real Estate Agency
-
Kyle Wolff, The Wells Group of Durango, Inc. Real Estate Agency
-
Team Lorenz Real Estate Agency
-
Abbi Munn, The Wells Group of Durango, Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$2.97M
Owner & transaction history
1130 Main Avenue LLC · 9 yrs held
1130 Main Avenue LLC
since 2017
7 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
$2.97M
Range $2.67M – $3.26M · ±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
$199 / 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
$28,609
Tax year 2023
Assessed value
$678,060
Assessed 2023
Previous assessed
$678,060
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$208,900
Assessed improvement
$469,160
Land market value
$748,730
Improvement market value
$1,681,580
Total market value
$2,430,310
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
Off-Market
Year built
1901
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Bathrooms
8
Total area
14,901 SF
Lot
0.17 ac (7,492 SF)
APN
5665-292-07-009
UPID
US13-0499846
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
Cooling
Yes
Stories
3
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
1130 Main Avenue LLC
Entity
Mailing address
1130 MAIN AVE, DURANGO, CO 81301-5136
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2017
$2,400,000
1130 Main Avenue LLC
Lore Building LLC
Warranty Deed
$1,680,000 · Bank Of Co
Dec 20, 2013
—
Lore Building LLC
Bacon & Pamenter Trust
Warranty Deed
related
—
Feb 23, 2012
—
Bacon Of Parmenter Trust
Smi Real Estate Venture LLC
Warranty Deed
—
Feb 2, 1998
—
Real Estate Venture LLC
Self-management Institute INC
Grant Deed
related
—
—
—
Smi Real Estate Venture LLC
—
Deed Of Trust
related
$1,175,000 · Karen I Spear
—
—
Lore Building LLC
—
Loan Modification
related
—
—
—
Smi Real Estate Ventures LLC
—
Deed Of Trust
related
$450,000 · First National Bank Durango
—
—
Smi Real Estate Ventures LLC
—
Deed Of Trust
related
$65,000 · First National Bank Durango
—
—
Smi Real Estate Venture LLC
—
Deed Of Trust
related
$920,000 · Bank Of Colorado
—
—
Smi Real Estate Venture LLC
—
Deed Of Trust
related
$500,000 · Bank Of Colorado
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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