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Property profile & analytics
OFF-MARKET
Commercial real estate
18806 Hwy 491, Lewis, CO 81327-9758
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1778362
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1943
Total area
1,639 SF
Lot
1.97 ac (85,813 SF)
Zoning code
COMZ
APN
535707200004
UPID
US13-1778362
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bruce A Frizzell · 4 yrs held
Bruce A Frizzell
since 2021
Last sale
$147,000
4 recorded transactions
Zoning & alternative use
COMZ · Lewis, CO
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 Lewis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewis 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,536
Tax year 2023
Assessed value
$40,632
Assessed 2023
Previous assessed
$34,344
+18.3% YoY
Effective rate
3.78%
On assessed value
Assessed land
$15,950
Assessed improvement
$24,682
Land market value
$55,000
Improvement market value
$85,110
Total market value
$140,110
Applied tax rate
12,017.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1943
Heating
SPACE
Stories
1
Total area
1,639 SF
Lot
1.97 ac (85,813 SF)
Zoning code
COMZ
APN
535707200004
UPID
US13-1778362
Jurisdiction
MONTEZUMA
Zoning & alternative use
COMZ · Lewis, CO
Zoning COMZ · permitted uses
COMZ · Lewis, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lewis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1943
Heating
SPACE
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Bruce A Frizzell
Individual
Mailing address
PO BOX 551, CORTEZ, CO 81321-0551
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
$147,000
Bruce A Frizzell
F Leonard Linley
Warranty Deed
—
Feb 12, 2016
$173,000
F Leonard Linley
Victorino Nunez Gracia
Warranty Deed
—
Jun 8, 2010
$135,000
Victoria Nunez Gracia
Richet Enterprises INC
Special Warranty Deed
—
Oct 26, 2009
—
Richet Enterprises INC
Justin Honaker
Trustees Deed
related
—
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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