Financial
Distress signals
Property profile

151 W Main St New Castle, CO 81647

FOR SALE
Commercial real estate
Property ID
US13-1096234
16,453 SF 0.85 ac lot Built 1910
Last sale Dec 2018
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional opportunity presents itself in a beautifully restored historic school building, located in the heart of New Castle's vibrant downtown. The property, totaling over 16,000 square feet, offers a unique blend of character and modern convenience. Multiple tenancy options are available, with spaces ranging from a minimum of 390 square feet to a maximum contiguous space of 5,176 square feet. Currently, 5,566 square feet of office space is vacant and ready for immediate occupancy.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$315k
Assessed land$83k
Assessed improvement$233k
Effective rate6.23%

Value estimate

· Sep 2026
$440k
$396k – $484k
CAP approach$2.62M
Sales comparison$1.50M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$393/SF
County average, outlier-cleaned · 172 recorded sales of this use type
Observed band · Q1–Q3$230 – $617

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGARFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply14.9
Realty agency14.5
Dental Office14.2

Location

151 W Main St New Castle, CO 81647
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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