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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office buildings
120 Railroad Ave Parachute, CO 81635-9902
Individually Owned
2-yr Hold
Free & Clear
Property ID
US13-0647567
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
METAL FRAME
Total area
9,984 SF
Lot
0.29 ac (12,500 SF)
APN
240912107014
UPID
US13-0647567
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
-
Parachute Lube & Services Auto Repair Shop
-
Farmers Insurance - Christopher Vashus Insurance Agency
-
United States Postal Service Shipping And Mailing Service Post Office
-
Andi Marie Photography Photography Service (Bike/Boat/Book/etc) Store
-
NAPA Auto service Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.21M
Owner & transaction history
Cynthia Lutz · 2 yrs held
Cynthia Lutz
since 2024
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 Parachute submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parachute 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
$1.21M
Range $1.08M – $1.33M · ±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
$121 / 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
$4,435
Tax year 2023
Assessed value
$72,760
Assessed 2023
Previous assessed
$86,140
-15.5% YoY
Effective rate
6.10%
On assessed value
Assessed land
$20,930
Assessed improvement
$51,830
Land market value
$75,000
Improvement market value
$185,780
Total market value
$260,780
Applied tax rate
48.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
3
Rooms
10
Bathrooms
4
Total area
9,984 SF
Lot
0.29 ac (12,500 SF)
APN
240912107014
UPID
US13-0647567
Jurisdiction
GARFIELD
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
1982
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
3
Rooms
10
Bathrooms
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
Cynthia Lutz
Individual
Free & Clear · 2 yrs held
Mailing address
106 S FLDS CIR, CHAPEL HILL, NC 27516-7797
Ownership since
2024
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
Jun 12, 2024
—
Cynthia Lutz
Loren Leon Lutz II
Deed
related
—
Jul 6, 2017
$275,000
Cynthia Loren
Joyce E & Samuel L Trust
Quit Claim Deed
related
—
Jul 3, 2017
—
Cynthia Lutz
Joyce Samuel L & E Trust
Quit Claim Deed
related
—
Jun 8, 2015
—
Cynthia Lutz
Lutz Loren L & Rebecca A
Quit Claim Deed
related
—
Jan 31, 2014
—
Lutz Cynthia
Lutz,loren L
Quit Claim Deed
related
—
Aug 20, 2007
—
Holland,samuel L & E J Trust
Holland,sam L & Joyce
Quit Claim Deed
related
—
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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