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    Property profile & analytics

    224 Rainbow Blvd Salida, CO 81201-2347

    • Retail space
    • 3,046 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US13-1411513
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Exterior Co / Roofing Contractor
    • Oregon Ambulatory Surgery Center Association / Hospital
    • Lazy S Land / Real Estate Consultant
    • Remote Tax and Accounting Inc / Consultant
    • The Shipping Depot @Salida / Shipping Service

    Property Details for 224 Rainbow Blvd

    Year built
    1959
    Lot size
    0.26 lot acres
    Property size
    3,046 SF
    Property type
    Retail space
    APN
    R380705331164
    APU
    R380705331164

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $215,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $200,000
      Mixed-Use
      $235,000
      Hospitality
      $240,000
      Educational
      $225,000
      Residential Income
      $205,000
      Energy
      $200,000
      Income-Based Land
      $185,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Salida
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.006
    Latitude
    38.5244

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,198
    $57,790
    $61,490
    $119,280
    -
    $207,128
    $250,399
    $457,527

    Comparable in this City

    • Value Estimation
      $115,000
      419 SF

      130 Sackett Ave, Unit B

      RETAIL STORES (PERSONAL SERVICES) • 419 SF
      130 Sackett Ave, Salida, CO 81201-2007
      View Details
    • Value Estimation
      $590,000
      1,270 SF

      10525 County Rd 120

      RETAIL STORES (PERSONAL SERVICES) • 1,270 SF
      10525 County Rd 120, Poncha Springs, CO 81201-9714
      View Details
    • Value Estimation
      $425,000
      9,496 SF

      932 Rainbow Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,496 SF
      932 Rainbow Blvd, Salida, CO 81201-2963
      View Details
    • Value Estimation
      $730,000
      6,000 SF

      7859 Us Hwy 50

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      7859 Us Hwy 50, Salida, CO 81201-9345
      View Details
    • Value Estimation
      $2,375,000
      4,468 SF

      7420 Us Hwy 50

      RETAIL STORES (PERSONAL SERVICES) • 4,468 SF
      7420 Us Hwy 50, Salida, CO 81201-9342
      View Details
    • Value Estimation
      $940,000
      8,383 SF

      7555 Us Hwy 50

      RETAIL STORES (PERSONAL SERVICES) • 8,383 SF
      7555 Us Hwy 50, Salida, CO 81201-9343
      View Details

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    Similar Nearby for Lease

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    224 Rainbow Blvd
    Salida, CO 81201-2347
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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