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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Warehouses
205 Fiou Ln Basalt, CO 81621
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-1172975
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
6,450 SF
Lot
1.66 ac (72,135 SF)
APN
246718112001
UPID
US13-1172975
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
-
Basalt Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.97M
Owner & transaction history
Northfork LLC · 8 yrs held
Northfork LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+14.3%
Retail stores
$1.7M
+9.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,520,000
Current use
COMMERCIAL (GENERAL)
$1,740,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,675,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,305,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$305 / 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
$98,422
Tax year 2023
Assessed value
$1,178,800
Assessed 2023
Previous assessed
$1,178,800
+0.0% YoY
Effective rate
8.35%
On assessed value
Assessed land
$301,880
Assessed improvement
$876,920
Land market value
$1,082,000
Improvement market value
$3,143,100
Total market value
$4,225,100
Applied tax rate
28.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
YES
Stories
2
Total area
6,450 SF
Lot
1.66 ac (72,135 SF)
APN
246718112001
UPID
US13-1172975
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
Heating
YES
Stories
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Northfork LLC
Entity
Mailing address
PO BOX 710, BASALT, CO 81621-0710
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Northfork LLC
—
Deed
related
$13,000,000 · Alpine Bank
Jul 23, 2025
—
Nothfork LLC
—
Deed
related
$13,000,000 · Alpine Bank
Aug 28, 2023
—
Northfork LLC
—
Deed
related
$3,400,000 · Community Banks Of Colorado
May 26, 2022
—
Northfork LLC
—
Deed
related
$2,400,000 · Community Bank Of Colorado
Nov 18, 2020
—
Northfork LLC
—
Deed
related
$2,800,000 · Community Bk/co
Sep 20, 2019
—
Northfork LLC
—
Grant Deed
related
$2,500,000 · Community Banks/co
Apr 20, 2018
—
Northfork LLC
Davidco LLC
Special Warranty Deed
—
Apr 30, 2015
—
Basalt Mini Storage LLC
Grange Family Ranches LLC
Quit Claim Deed
related
—
—
—
Basalt Mini Storage LLC
—
Deed Of Trust
related
$2,786,662 · Us Bank NA
—
—
Northfork LLC
—
Loan Modification
related
$2,800,000 · Community Bk/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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