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Property profile & analytics
OFF-MARKET
Estimated value
$4,470,000
Assisted living facilities
119 Bastille Dr Pagosa Springs, CO 81147-9388
Individually Owned
~
Est. High Equity
Property ID
US13-1976939
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Total area
27,891 SF
Lot
3.09 ac (134,600 SF)
Zoning code
COMMERCIAL
APN
569920204003
UPID
US13-1976939
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
-
Pine Ridge Rehabilitation & Healthcare Center Nursing Home Retirement Community
-
Kristin R. Morehouse, MSOT Physician
-
Patricia Vorhies, COTA Physician
-
Jeanette L. Pike, OTR Physician
-
Kimberly Dennis Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.47M
Owner & transaction history
Pine Ridge Rehabilitation And Healt
Pine Ridge Rehabilitation And Healt
since 2025
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
COMMERCIAL · Pagosa Springs, 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 Pagosa Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pagosa Springs 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
$4,230,000
ML approach
$4,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,415,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,900,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,590,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.47M
Range $4.02M – $4.92M · ±10% · vs last sale $4.50M (Sep 7 2022)
Last sale anchor
$4.50M
Sep 7 2022
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
$160 / 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
$7,828
Tax year 2023
Assessed value
$134,070
Assessed 2023
Previous assessed
$134,070
+0.0% YoY
Effective rate
5.84%
On assessed value
Assessed land
$13,100
Assessed improvement
$120,970
Land market value
$195,477
Improvement market value
$1,805,543
Total market value
$2,001,020
Applied tax rate
50.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Heating
RADIANT
Buildings
2
Stories
1
Total area
27,891 SF
Lot
3.09 ac (134,600 SF)
Zoning code
COMMERCIAL
APN
569920204003
UPID
US13-1976939
Jurisdiction
ARCHULETA
Zoning & alternative use
COMMERCIAL · Pagosa Springs, CO
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Pagosa Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pagosa Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.4M
RESTAURANT
Est. value
$3.9M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
RADIANT
Stories
1
Buildings
2
Lot
3.09 ac
Current owner
From public records · entity-resolved
Pine Ridge Rehabilitation And Healt
Individual
Mailing address
575 RTE 70, BRICK, NJ 08723-4042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Pine Ridge Rehabilitation And Healt
Centennial 7 Master Tenant LLC
Deed
$10,645,000 · Vium Capital LLC
Jun 14, 2016
—
Pine Ridge Extended Care Center
—
Deed
related
$100,000 · Citizens Bank Of Pagosa Springs
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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