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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Casinos
131 Main St Black Hawk, CO 80422
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0835853
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,032 SF
Lot
3.63 ac (158,036 SF)
APN
1833-073-01-096
UPID
US13-0835853
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$895k
Owner & transaction history
Horseshoe Casino LLC · 9 yrs held
Horseshoe Casino LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+142.8%
Medical building
$1.1M
+98.2%
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 Black Hawk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Black Hawk 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
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CASINO
$545,000
Current use
RETAIL STORES
$1,320,000
Change: +143% · Conversion: Difficult
MEDICAL BUILDING
$1,075,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$89 / 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
$206,307
Tax year 2023
Assessed value
$8,002,300
Assessed 2023
Previous assessed
$6,672,260
+19.9% YoY
Effective rate
2.58%
On assessed value
Assessed land
$4,684,310
Assessed improvement
$3,317,990
Land market value
$16,789,630
Improvement market value
$11,892,430
Total market value
$28,682,060
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
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
3
Rooms
19
Bathrooms
16
Total area
10,032 SF
Lot
3.63 ac (158,036 SF)
APN
1833-073-01-096
UPID
US13-0835853
Jurisdiction
GILPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
CASINO Current
Est. value
$545,000
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
CASINO Current
RETAIL STORES
MEDICAL BUILDING
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
19
Bathrooms
16
Lot
3.63 ac
Current owner
From public records · entity-resolved
Horseshoe Casino LLC
Entity
Free & Clear · 9 yrs held
Mailing address
11700 US HWY 1ST #600, NORTH PALM BEACH, FL 33408-3023
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2017
—
Dakota-canyon LLC
—
Grant Deed
related
$50,000,000 · Credit Suisse Ag Cayman Iss Br
May 10, 2017
$5,825,900
Horseshoe Casino LLC
Aces & Eights LLC
Grant Deed
—
May 10, 2017
$3,700,000
Jije LLC
Eagle Gaming LP
Trustees Deed
$18,612,500 · Eagle Gaming LP
May 10, 2017
—
Horseshoe Casino LLC
Aces & Eights LLC
Quit Claim Deed
related
—
Jan 30, 2017
—
Eagle Gaming LP
—
Loan Modification
related
$5,000,000 · Egf LLC
Jun 18, 2010
—
Horseshoe Casino LLC
—
Grant Deed
related
$5,000,000 · Egf LLC
—
—
Horseshoe Casino LLC
—
Deed Of Trust
related
—
—
—
Eagle Gaming LP|horseshoe Casino LLC
—
Loan Modification
related
$5,000,000 · Egf LLC
—
—
Horseshoe Casino LLC
—
Deed Of Trust
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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