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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Retail space
174 Midland Ave Basalt, CO 81621-8911
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-1051446
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
4,811 SF
Lot
0.08 ac (3,267 SF)
APN
2467 074 03 017
UPID
US13-1051446
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
-
Allen H Adger PC Law Firm
-
Excell Property Services Property Management Company
-
Thunder Construction Inc Construction Company
-
The Art Base Theater & Performing Art Venue
-
Candy Florist (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.66M
Owner & transaction history
Wyly Community Arts · 5 yrs held
Wyly Community Arts
since 2020
Last sale
$1.7M
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 Basalt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Basalt 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
$1,605,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,035,000
7%
$965,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,130,000
Current use
COMMERCIAL (GENERAL)
$1,710,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.70M (Nov 20 2020)
Last sale anchor
$1.70M
Nov 20 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
$344 / 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
$8,805
Tax year 2023
Assessed value
$336,500
Assessed 2023
Previous assessed
$311,190
+8.1% YoY
Effective rate
2.62%
On assessed value
Assessed land
$34,910
Assessed improvement
$301,590
Land market value
$125,120
Improvement market value
$1,080,960
Total market value
$1,206,080
Applied tax rate
3.0000
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
1992
Heating
FORCED AIR
Stories
2
Units
1
Rooms
9
Bathrooms
2
Total area
4,811 SF
Lot
0.08 ac (3,267 SF)
APN
2467 074 03 017
UPID
US13-1051446
Jurisdiction
EAGLE
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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
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
1992
Heating
FORCED AIR
Stories
2
Units
1
Rooms
9
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Wyly Community Arts
Individual
Mailing address
PO BOX 4300, BASALT, CO 81621-4300
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
$1,700,000
Wyly Community Arts
Three Bears Inn Ltd
Special Warranty Deed
$1,190,000 · Alpine Bank
Oct 9, 2019
—
Three Bears Inn Ltd
—
Trustees Deed
related
$48,000 · Bank Of Co
May 9, 2017
—
Three Bears Inn Ltd
—
Deed
related
$50,000 · Bank Of Co
Dec 30, 2016
—
Three Bears Inn Ltd
—
Deed
related
$151,401 · Bank Of Co
—
—
Three Bearns Inn Ltd
—
Deed Of Trust
related
$30,000 · Bank Of Colorado
—
—
Three Bearns Inn Ltd
—
Deed Of Trust
related
$30,000 · Bank Of Colorado
—
—
Three Bears Inn Ltd
—
Deed Of Trust
related
—
—
—
Three Bears Inn Ltd
—
Loan Modification
related
—
—
—
Three Bears Inn Ltd
—
Deed Of Trust
related
$30,000 · Bank Of Colorado
—
—
Three Bears Inn Ltd
—
Deed Of Trust
related
$151,401 · Bank Of Co
—
—
Three Bears Inn Ltd
—
Loan Modification
related
$50,000 · Bank Of Co
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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