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    1210 Tomichi Ave Gunnison, CO 81230
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    Property profile & analytics

    1210 Tomichi Ave Gunnison, CO 81230

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    • Residential income homes
    • 0.78 lot acres
    Off-Market
    Property ID
    US13-1326212
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1210 Tomichi Ave

    Lot size
    0.78 lot acres
    Property type
    Residential income homes

    Description

    This exceptional 0.783-acre development parcel in Gunnison, Colorado, presents a unique opportunity for multifamily construction. Located at 1210 W Tomichi Ave, Gunnison, CO 81230, this property is zoned R3 Multifamily, the highest density permitted under current city code, offering significant flexibility in project design. The site benefits from extensive preliminary site work and entitlements already completed by the current owner, an experienced builder/developer, significantly streamlining the development process. Its strategic location adjacent to a recently completed housing development and close proximity to W. Tomichi Avenue ensures easy access and high desirability. Residents will enjoy convenient access to amenities and the Gunnison River, appealing to an outdoor-oriented lifestyle. The property's integration within Gunnison's expanding infrastructure and growth trajectory makes it an ideal investment for meeting the area's growing housing demands. This is a chance to contribute to Gunnison's development with a project tailored to the valley's needs. The asking price is $849,000. Broker co-op is available. This offering includes a single-family rental portfolio subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gunnison
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.9433044
    Latitude
    38.5450307

    Comparable in this City

    • $1,800,000
      3,534 SF

      Mixed-Use Property in Gunnison, CO

      Versatile commercial space with two residential units in Gunnison.
      322 N Main St, Gunnison, CO 81230
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    • $925,000
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      Gunnison Triplex with Income Potential

      Downtown Gunnison triplex featuring historic charm and modern construction.
      709 W New York Ave, Gunnison, CO 81230
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    • $1,295,000
      3,757 SF

      Desirable Fourplex Near Downtown, University

      Well-maintained fourplex near downtown and university in Gunnison, Colorado.
      216 N Taylor St, Gunnison, CO 81230
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    • $825,000
      3,841 SF

      Victorian Fiveplex Near Western University

      Historic Victorian fiveplex with strong rental history near Western University.
      518 E Georgia Ave, Gunnison, CO 81230
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    • $1,450,000
      5,724 SF

      Gunnison Industrial Zone Flex Space

      Industrial flex space with secure yard in Gunnison, Colorado.
      601 S 10Th St, Gunnison, CO 81230
      View Details

    Similar Nearby for Sale

    • $1,295,000
      3,757 SF

      Desirable Fourplex Near Downtown, University

      Well-maintained fourplex near downtown and university in Gunnison, Colorado.
      216 N Taylor St, Gunnison, CO 81230
      View Details
    • $825,000
      3,841 SF

      Victorian Fiveplex Near Western University

      Historic Victorian fiveplex with strong rental history near Western University.
      518 E Georgia Ave, Gunnison, CO 81230
      View Details
    • $1,800,000
      3,534 SF

      Mixed-Use Property in Gunnison, CO

      Versatile commercial space with two residential units in Gunnison.
      322 N Main St, Gunnison, CO 81230
      View Details
    • $925,000
      2,847 SF

      Gunnison Triplex with Income Potential

      Downtown Gunnison triplex featuring historic charm and modern construction.
      709 W New York Ave, Gunnison, CO 81230
      View Details
    • $1,450,000
      5,724 SF

      Gunnison Industrial Zone Flex Space

      Industrial flex space with secure yard in Gunnison, Colorado.
      601 S 10Th St, Gunnison, CO 81230
      View Details
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    Gunnison, CO 81230
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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