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    Property profile & analytics

    227 Midland Ave, Unit 12B Basalt, CO 81621-8119

    • Retail space
    • 419 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US13-0655753
    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

    • Stephen Chase / Dental Implants Periodontist
    • TBI Therapy / Medical Clinic / Alternative Medicine Practitioner
    • Wren's Nest Art Studio / Art Studio
    • Basalt Dentistry / Dental Implants Periodontist / Emergency Dental Service
    • Our Nurses Inc / Home Health Care Service

    Property Details for 227 Midland Ave

    Year built
    2002
    Lot size
    0.02 lot acres
    Property size
    419 SF
    Property type
    Retail space
    APN
    2467 074 49 067
    APU
    246707449067

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $225,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $235,000
      Mixed-Use
      $230,000
      Hospitality
      $260,000
      Educational
      $265,000
      Residential Income
      $245,000
      Energy
      $210,000
      Income-Based Land
      $265,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Basalt
    County
    Eagle
    State
    Colorado
    Longitude
    -107.032
    Latitude
    39.3688
    CBSA code
    20780
    CBSA name
    EDWARDS, CO MICROPOLITAN STATISTICAL AREA

    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
    $3,163
    $0.00
    $37,880
    $37,880
    -
    $0.00
    $135,770
    $135,770

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      770 Vly Rd, Unit 124

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      770 Vly Rd, Basalt, CO 81621-8388
      View Details
    • Value Estimation
      $605,000
      2,995 SF

      251 Harris St, Unit C-111

      RETAIL STORES (PERSONAL SERVICES) • 2,995 SF
      251 Harris St, Basalt, CO 81621-8408
      View Details
    • Value Estimation
      $6,045,000
      2,894 SF

      351 Market St, Unit R706

      RETAIL STORES (PERSONAL SERVICES) • 2,894 SF
      351 Market St, Basalt, CO 81621-7409
      View Details
    • Value Estimation
      $6,225,000
      1,659 SF

      321 Market St, Unit R703

      RETAIL STORES (PERSONAL SERVICES) • 1,659 SF
      321 Market St, Basalt, CO 81621-7409
      View Details
    • Value Estimation
      $355,000
      455 SF

      231 Midland Ave Ste 201b

      RETAIL STORES (PERSONAL SERVICES) • 455 SF
      231 Midland Ave Ste 201b, Basalt, CO 81621-8253
      View Details
    • Value Estimation
      $260,000
      604 SF

      227 Midland Ave Ste 14a

      RETAIL STORES (PERSONAL SERVICES) • 604 SF
      227 Midland Ave Ste 14a, Basalt, CO 81621-8111
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $6,400 /Mo

      Luxury Furnished Condo in Basalt

      Luxury 2-bedroom condo in downtown Basalt available for lease.
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    • $90 SF/Yr
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      Basalt, CO Office Space for Lease

      Premium Office Suites in Willits Town Center
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      View Details
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    Basalt, CO 81621-8119
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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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