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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
15 Washington St Monte Vista, CO 81144-1406
Entity Owned
10-yr Hold
Free & Clear
Property ID
US13-1709857
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1921
Construction
CONCRETE
Total area
19,402 SF
Lot
0.48 ac (20,874 SF)
APN
3531307013
UPID
US13-1709857
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
-
Farms Fresh Direct Food Processing Plant
-
Farm Fresh Direct LLC Department Store
-
Wall Smith Bateman & Associates Inc Tax Preparation
-
Wall Smith Bateman & Associates Inc: Gjellum Robert Accounting Firm Tax Preparation
-
Spur Engineering Inc Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.28M
Owner & transaction history
Expo LLC · 10 yrs held
Expo LLC
since 2016
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 Monte Vista submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monte Vista 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
$1.28M
Range $1.15M – $1.41M · ±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
$66 / 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
$15,116
Tax year 2023
Assessed value
$190,925
Assessed 2023
Previous assessed
$200,158
-4.6% YoY
Effective rate
7.92%
On assessed value
Assessed land
$18,928
Assessed improvement
$171,997
Land market value
$67,841
Improvement market value
$616,477
Total market value
$684,318
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
1921
Construction
CONCRETE
Heating
HOT WATER
Stories
2
Total area
19,402 SF
Lot
0.48 ac (20,874 SF)
APN
3531307013
UPID
US13-1709857
Jurisdiction
RIO GRANDE
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
1921
Construction
CONCRETE
Heating
HOT WATER
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Expo LLC
Entity
Free & Clear · 10 yrs held
Mailing address
15 WASHINGTON ST #207, MONTE VISTA, CO 81144-1451
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Feb 12, 2016
—
Expo LLC
Jasper Properties INC
Re-recorded Document
related
—
Dec 15, 2014
—
Expo LLC
Jasper Properties INC
Quit Claim Deed
related
—
Nov 12, 2014
—
Expo LLC
Jasper Properties INC
Quit Claim Deed
related
—
Sep 29, 2014
—
Expo LLC
Luke W Anthony
Quit Claim Deed
related
—
Sep 3, 2013
$700,000
Farm Fresh Direct LLC
Bryan F Malouff
Warranty Deed
$700,000 · Bryan F Maloff Etal
Feb 29, 2012
$45,000
Bryan F Malouff
Robin M Jones
Warranty Deed
$475,000 · San Luis Valley Federal 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.
Try Rey
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