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    1280 Ute Ave Aspen, CO 81611-2126
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    Property profile & analytics

    1280 Ute Ave, Aspen, CO 81611-2126

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    • Specialty properties
    • 999 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Mar 28, 2025
    $580,000
    Property ID
    US13-1299076
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Ian Lowell / Dental Office
    • Alfred Braun Hut System / Vacation Rental / Campground & RV Park
    • Dr. Teresa Salvadore / Alternative Medicine Practice
    • 10th Mountain Division Hut Association / Charitable Organization / Social Service Agency
    • Persiko Bo / Family Counselor

    Property Details for 1280 Ute Ave

    Construction
    LOG
    Lot size
    0.02 lot acres
    Property type
    Specialty properties
    APN
    264113200801
    APU
    264113200801

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 7, 2026 $595,000 Powder House Holdings LLC Oates Family LLC Special Warranty Deed —
    Apr 1, 2026 — Powder House Holdings LLC — Deed · related $3.5M · Timberline Bank
    Oct 1, 2025 $295,000 Sydney Marie Kirsch Eric A Haynie Special Warranty Deed $145k · Alpine Bank
    May 22, 2025 — Oates Family LLC Oates Properties LLC Deed · related —
    Mar 28, 2025 $580,000 Oates Properties LLC Alta Mesa Advisors LLC Special Warranty Deed $400k · Alpine Bank
    Feb 27, 2025 $430,000 Powder House 1 LLC Mike Otte Special Warranty Deed —
    Oct 9, 2024 — Mike Otte Michael Merlin Otte Deed · related —
    Aug 2, 2024 $180,000 Powder House Holdings LLC John W Reese Special Warranty Deed —
    Jan 2, 2024 — Powder House Holdings LLC — Deed · related $201k · Timberline Bank
    Oct 12, 2023 — Advanced Aesthetics Of Aspen INC Eric Haynie Quitclaim Deed · related $352k · Zb NA
    Aug 31, 2023 $275,000 Ph18 LLC Patricia K Otte Special Warranty Deed $245k · Patricia Olte
    Aug 19, 2022 — Advance Aesthetics Of Aspen INC Eric Haynie Quitclaim Deed · related $352k · Zb NA
    Apr 13, 2022 $400,000 Benedict Condo Group LLC Project 8 LLC Special Warranty Deed $320k · Zb NA
    Jan 3, 2022 $440,000 Eric Haynie Richard J Cote Special Warranty Deed $400k · Richard J Cote Etal
    Dec 17, 2021 — Richard J Cote Richard J Cote Deed · related —
    Feb 8, 2021 — Powder House Holdings 2 LLC — Deed · related $300k · Timberline Bank
    Jan 12, 2021 — Powder House Holdings 2 LLC Teresa Salvadore LLC Grant Deed · related —
    Jan 6, 2021 — Alfred A Braun Hut System INC Rocky Mt Legal Foundation Grant Deed —
    Dec 9, 2020 — Mike Otte Patricia K Otte Quitclaim Deed · related —
    Nov 2, 2020 — Powder House Holdings LLC — Deed · related $4.9M · Timberline Bk
    Oct 7, 2020 — Mary F Szoradi Teresa Salvadore LLC Grant Deed —
    Oct 2, 2020 — Project 8 LLC — Deed · related $254k · Alpine Bank
    Jun 12, 2020 — Powder House Holdings LLC Richard A Fallin Warranty Deed · related —
    Jun 3, 2020 $1,200,000 Powder House Hldgs LLC Alden A Fallin Grant Deed $960k · Timberline Bk
    Oct 17, 2019 $74,500 John W Reese John W Reese Warranty Deed · related —
    Oct 11, 2019 — Tenth Mountain Division Hut As — Deed · related —
    Sep 11, 2019 — Eric A Haynie — Deed · related $141k · Alpine Bk
    Jul 24, 2019 $188,000 Eric A Haynie 1280 Ute LLC Grant Deed —
    Jun 18, 2018 — Bjr Propertiese LLC Gibson,dylan J Grant Deed —
    May 22, 2018 $319,100 Project 8 LLC 1280 Ute LLC Warranty Deed $236k · Alpine Bank
    — — Tenth Mtn Div Hut Assn INC — Deed Of Trust · related $100k · Community Banks Of Colorado

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Aspen
    County
    Pitkin
    State
    Colorado
    Longitude
    -106.713
    Latitude
    39.2753
    CBSA code
    24060
    CBSA name
    GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $472
    $0.00
    $16,910
    $16,910
    -
    $0.00
    $250,000
    $250,000

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      1280 Ute Ave Ste, Unit 22

      CHARITABLE ORGANIZATION
      1280 Ute Ave Ste, Aspen, CO 81611-2259
      View Details
    • Value Estimation by Request

      Aspen, CO 81611

      SBE - SPECIAL ASSESSMENTS
      Aspen, CO 81611
      View Details
    • Value Estimation by Request
      137 SF

      1280 Ute Ave Ste, Unit 4

      CHARITABLE ORGANIZATION
      1280 Ute Ave Ste, Aspen, CO 81611-2383
      View Details
    • Value Estimation by Request
      10.06 Acres

      Hunter Crk Vly

      CHARITABLE ORGANIZATION
      Hunter Crk Vly, Aspen, CO 81611
      View Details
    • Value Estimation by Request

      205 Ml S St

      SBE - SPECIAL ASSESSMENTS
      205 Ml S St, Aspen, CO 81611
      View Details
    • Value Estimation by Request
      0.42 Acres

      Riverside Ave

      CHARITABLE ORGANIZATION
      Riverside Ave, Aspen, CO 81611
      View Details

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    Similar Nearby for Lease

    • $85 SF/Yr

      Aspen Airport Business Center Space

      Commercial space in high-demand Aspen Airport Business Center location.
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      Aspen Condo Near Downtown

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      Downtown Aspen Office Space Available

      Office space with Aspen Mountain view, available June 1, 2026.
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      View Details
    • New
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      Class A Office Suite with Balcony

      Refined office suite with glass walls, six offices, conference room, balcony, and private amenities.
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      Aspen Studio Apartment with Views

      Top-floor studio in Aspen with updated features and mountain views.
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      Aspen Flex Space For Lease

      Flexible ground floor unit suitable for various commercial uses.
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    Aspen, CO 81611-2126
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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.

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