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    Property profile & analytics

    1506 Main St Lamar, CO 81052

    • Turn key restaurants
    • 3,496 SF
    OFF-MARKET
    Value Estimation
    $1,725,000
    Last Sale
    Mar 01, 2022
    $1,700,000
    Location Intelligence
    Property ID
    US13-1954293
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1506 Main St

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Property size
    3,496 SF
    Property type
    Turn key restaurants
    APN
    200011321
    APU
    200011321

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,685,000
      6.5%
      $1,595,000
      7%
      $1,885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,835,000
      Geo Method
      $1,870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,640,000
      Retail
      $1,645,000
      Mixed-Use
      $1,810,000
      Hospitality
      $1,850,000
      Educational
      $1,620,000
      Residential Income
      $1,525,000
      Energy
      $1,495,000
      Income-Based Land
      $1,830,000
      Food Service
      $1,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Lamar
    County
    Prowers
    State
    Colorado
    Longitude
    -102.618
    Latitude
    38.0745

    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
    2023
    $2,336
    $18,750
    $46,977
    $65,727
    -
    $37,500
    $109,065
    $146,565

    Comparable in this City

    • Value Estimation
      $220,000
      2,132 SF

      906 Main St

      RESTAURANT • 2,132 SF
      906 Main St, Lamar, CO 81052
      View Details
    • Value Estimation
      $85,000
      3,208 SF

      109 Main St

      RESTAURANT • 3,208 SF
      109 Main St, Lamar, CO 81052-2830
      View Details
    • Value Estimation by Request
      7,000 SF

      300-302 Main St

      RESTAURANT • 7,000 SF
      300-302 Main St, Lamar, CO 81052
      View Details
    • Value Estimation
      $125,000
      903 SF

      1231 Main St

      RESTAURANT • 903 SF
      1231 Main St, Lamar, CO 81052
      View Details
    • Value Estimation
      $230,000
      2,860 SF

      1001 Main St

      RESTAURANT • 2,860 SF
      1001 Main St, Lamar, CO 81052-2109
      View Details
    • Value Estimation
      $330,000
      4,536 SF

      113 Olive St

      RESTAURANT • 4,536 SF
      113 Olive St, Lamar, CO 81052-2836
      View Details

    Similar Nearby for Sale

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      20,000 SF

      Highway Travel Center with Income

      Travel center with fuel, restaurant, store, repair, and leases.
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    • $3,347,000
      40,522 SF

      Lamar Retail Investment Opportunity

      Retail property with long-term lease and strong tenant commitment.
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    • $30,000
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      Residential Land in Lamar, Colorado

      One-acre lots ideal for building a home in Lamar, CO.
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      Lamar Commercial Building - Prime Location

      High-traffic retail & shop space, great access.
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    • Contact for pricing

      Lamar Industrial Lots for Sale

      11 Lots, 12,499 - 72,578 sq ft
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    • $40,000
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      Lamar, CO Land Opportunity

      Two adjoining lots with development potential near hospital in Lamar.
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      View Details
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    1506 Main St
    Lamar, CO 81052
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    Realmo Value Estimation

    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.

    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.

    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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