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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Retail space
135 Elkhorn Ave Estes Park, CO 80517
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0565724
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1902
Construction
WOOD FRAME
Total area
3,985 SF
Lot
0.07 ac (3,049 SF)
APN
35251-17-014
UPID
US13-0565724
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
-
Car Donations Driving Successful Lives Estes Park CO Advocacy Group Social Service Agency
-
Craftsmen In Leather Department Store Clothing & Fashion Store
-
Trailhead Threads (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.44M
Owner & transaction history
B Wade Investments LLC · 5 yrs held
B Wade Investments LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+20.7%
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 Estes Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Estes Park 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
$1,515,000
ML approach
$1,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,020,000
Current use
MEDICAL BUILDING
$1,230,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$950,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$930,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.40M (Nov 2 2020)
Last sale anchor
$1.40M
Nov 2 2020
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
$360 / 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
$28,213
Tax year 2023
Assessed value
$400,253
Assessed 2023
Previous assessed
$287,100
+39.4% YoY
Effective rate
7.05%
On assessed value
Assessed land
$83,700
Assessed improvement
$316,553
Land market value
$300,000
Improvement market value
$1,134,600
Total market value
$1,434,600
Applied tax rate
3,317.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1902
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Total area
3,985 SF
Lot
0.07 ac (3,049 SF)
APN
35251-17-014
UPID
US13-0565724
Jurisdiction
LARIMER
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
RETAIL STORES Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$950,000
OFFICE BUILDING
Est. value
$930,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE 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
1902
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
B Wade Investments LLC
Entity
Mailing address
6624 POWELL ST, LOVELAND, CO 80538-8714
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
$1,400,000
B Wade Investments LLC
Kathleen A George Revocable Living
Warranty Deed
$1,050,000 · Bank Of Colorado
Dec 26, 2018
—
George,kathleen A Living Trust
—
Deed
related
$920,000 · Farmers Bk
Jun 11, 2014
—
George,kathleen A Living Trust
George,kathleen A
Quit Claim Deed
related
—
Jan 21, 2011
$840,000
Kathleen A George
Sanford Dianne D Trust
Warranty Deed
$140,000 · Farmers Bank
Oct 18, 2007
—
Sanford Dianne D Trust
Sanford,dianne D
Quit Claim Deed
related
—
—
—
George,kathleen A Living Trust
—
Deed Of Trust
related
$920,000 · Farmers Bk
—
—
Kathleen A George
—
Deed Of Trust
related
$149,500 · Farmers Bank
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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