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Property profile & analytics
OFF-MARKET
Estimated value
$22,920,000
Industrial properties
204 Galena St Aspen, CO 81611-1904
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2501875
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2013
Total area
18,400 SF
Lot
0.21 ac (9,000 SF)
APN
273707340001
UPID
US13-2501875
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
-
lululemon (Bike/Boat/Book/etc) Store
-
BALENCIAGA Clothing Store Fashion Accessories Store
-
Madhappy Aspen Clothing Store
-
Gucci Aspen Clothing & Fashion Store
-
Dolce & Gabbana Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.07M
Blend (final)
Blend
$22.92M
Owner & transaction history
Matthew L Brown · 6 yrs held
Matthew L Brown
since 2020
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 Aspen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aspen 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.92M
Range $20.63M – $25.21M · ±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
$1,246 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$458,193
Tax year 2022
Assessed value
$12,497,750
Assessed 2023
Previous assessed
$12,497,750
+0.0% YoY
Effective rate
3.67%
On assessed value
Assessed land
$6,277,500
Assessed improvement
$6,220,250
Land market value
$22,500,000
Improvement market value
$22,294,800
Total market value
$44,794,800
Applied tax rate
1.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2013
Heating
BASEBOARD
Cooling
YES
Stories
1
Total area
18,400 SF
Lot
0.21 ac (9,000 SF)
APN
273707340001
UPID
US13-2501875
Jurisdiction
PITKIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2013
Heating
BASEBOARD
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Matthew L Brown
Individual
Mailing address
625 E MAIN ST UNIT 102BUNIT10, ASPEN, CO 81611-2153
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
—
201 East Main Street LLC
—
Deed
related
$220,000,000 · Deutsche Bank National Trust Co
May 15, 2020
—
Matthew L Brown
Jet View LLC
Warranty Deed
related
—
Nov 7, 2019
—
204 South Galena Street LLC
—
Grant Deed
related
$178,650,000 · Loancore Cap Credit Reit LLC
Jun 28, 2019
—
Lcc Warehouse I LLC
—
Deed
related
$1,450,000 · Lc Warehouse LLC
Jun 18, 2014
—
204 South Galena Street LLC
—
Loan Modification
related
$83,450,000 · Jefferies Loancore
Oct 26, 2012
—
204 South Galena Street LLC
Colorado Cable Co
Grant Deed
$20,600,000 · Aristone Galena Street B Note
Feb 7, 2008
$222,222
Colorado Cable Co
Hartmann Michael G Trust
Grant Deed
—
Feb 7, 2008
$222,322
Colorado Cable Co
Hartmann Karen Trust
Grant Deed
—
Jan 30, 2008
$666,666
Colorado Cable Co
Staton,lavone K
Grant Deed
—
Nov 26, 2007
$333,300
Colorado Cable Co
Mcnulty,ronald J
Grant Deed
—
Apr 9, 2007
$4,000,000
Colorado Cable Co
Bullock W G Fam Trust
Warranty Deed
—
Oct 13, 2006
—
Hartmann,g & L Trust
Hartmann Lois A
Quit Claim Deed
related
—
Apr 21, 2006
—
Roger W Bullock
G E Bullock Grandchildrens
Quit Claim Deed
—
Feb 6, 2004
—
Bullock,william G Trust
Bullock,william G
Quit Claim Deed
related
—
—
—
Bullock,william G Trust
—
Deed Of Trust
related
$120,000 · Weststar Bank
—
—
Bullock,william G Trust
—
Deed Of Trust
related
$75,000 · Weststar Bank
—
—
Bullock,william G Trust
—
Deed Of Trust
related
$170,000 · Ernst R & Lacy A Fyrwald
—
—
Lcc Warehouse I LLC
—
Deed Of Trust
related
$1,450,000 · Lc Warehouse LLC
—
—
204 South Galena Street LLC
—
Deed Of Trust
related
$60,000,000 · Jefferies Loancore
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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