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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
154 Colorado Ave Montrose, CO 81401-3651
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-1954684
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
WOOD
Total area
7,919 SF
Lot
0.82 ac (35,773 SF)
APN
3767-342-52-001
UPID
US13-1954684
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
-
Dr. Dan H. Morris Jr, MD Pediatrician Physician
-
Dr. Richard C. Gingery, MD Pediatrician Physician
-
Uncompahgre Family Medicine Medical Clinic
-
Montrose VA Clinic Medical Clinic
-
Nuyou Acupuncture & Wellness Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$695k
Owner & transaction history
Mayberry Building LLC · 12 yrs held
Mayberry Building LLC
since 2014
7 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 Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose 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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,150,000
Current use
RESTAURANT
$1,120,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$965,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$88 / 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
$25,417
Tax year 2023
Assessed value
$392,140
Assessed 2023
Previous assessed
$392,140
+0.0% YoY
Effective rate
6.48%
On assessed value
Assessed land
$82,060
Assessed improvement
$310,080
Land market value
$282,960
Improvement market value
$1,069,230
Total market value
$1,352,190
Applied tax rate
1,140.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
REFRIGERATOR
Buildings
2
Stories
2
Units
1
Total area
7,919 SF
Lot
0.82 ac (35,773 SF)
APN
3767-342-52-001
UPID
US13-1954684
Jurisdiction
MONTROSE
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
MEDICAL BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$965,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Mayberry Building LLC
Entity
Mailing address
PO BOX 71, MONTROSE, CO 81402-0071
Ownership since
2014
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
Oct 9, 2024
—
Mayberry Building LLC
—
Deed
related
$3,261,375 · Timberline Bank
Feb 4, 2020
—
Mayberry Building LLC
—
Deed
related
$855,000 · Timberline Bank
Feb 18, 2014
—
Mayberry Building LLC
Summers Hagle
Quit Claim Deed
related
—
Mar 18, 2013
$670,000
Summers Hagle
Ww Mayberry Building LLC
Warranty Deed
$520,000 · Wells Fargo Bank NA
May 17, 2007
—
Stsa Group LLC
Mayberry Holdings LLC
Quit Claim Deed
related
$720,000 · Montrosebank
May 17, 2007
$950,000
Atsa Group LLC
Mayberry Holdings LLC
Warranty Deed
—
Feb 28, 2005
$777,000
Mayberry Holdings LLC
Joel Sax
Warranty Deed
—
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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