Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24 Main St Red Feather Lakes, CO 80545
    Back to Search
    Property profile & analytics

    24 Main St, Red Feather Lakes, CO 80545

    View on Map
    • Retail space
    • 2,704 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US13-2681842
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Panhandle Creek Ace Hardware / Building Supply / Hardware & Home Improvement

    Property Details for 24 Main St

    Year built
    1958
    Construction
    WOOD FRAME
    Lot size
    0.41 lot acres
    Property type
    Retail space
    APN
    30282-00-044
    APU
    3028200044

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2014 — The Steven Michael White Revocable Steven Michael White Trust Intrafamily Transfer · related $150k · Advantage Bank
    Nov 27, 2013 $200,000 White,steven M Trust Panhandle Creek Holdings LLC Warranty Deed —
    Nov 29, 2005 — Panhandle Creek Holdings LLC Hewlett,frederick P & Dianne C Quit Claim Deed · related $140k · Home State Bank
    Feb 16, 2005 — Frederick P Hewlett — Trustees Deed · related $150k · Home State Bank
    Aug 12, 2004 $128,000 Frederick P Hewlett Horak,scott D Grant Deed $91k · Home State Bank
    Nov 16, 2000 $70,000 Scott D Horak Stoner,s E Grant Deed $70k · Seller
    — — Panhandle Creek Holdings LLC — Deed Of Trust · related $135k · Home State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Red Feather Lakes
    County
    Larimer
    State
    Colorado
    Longitude
    -105.59
    Latitude
    40.8017
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, CO METROPOLITAN 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
    $13,977
    $7,858
    $151,665
    $159,523
    -
    $42,300
    $572,400
    $614,700

    Comparable in this City

    • Value Estimation by Request
      408 SF

      25 Main St

      RETAIL STORES (PERSONAL SERVICES)
      25 Main St, Red Feather Lakes, CO 80545-5049
      View Details
    • Value Estimation by Request
      3,160 SF

      99 Hiawatha Hwy

      RETAIL STORES (PERSONAL SERVICES)
      99 Hiawatha Hwy, Red Feather Lakes, CO 80545-5038
      View Details
    • Value Estimation by Request
      7,630 SF

      41 Main St

      RETAIL STORES (PERSONAL SERVICES)
      41 Main St, Red Feather Lakes, CO 80545
      View Details
    • Value Estimation by Request
      2,740 SF

      92 Hiawatha Ct

      RETAIL STORES (PERSONAL SERVICES)
      92 Hiawatha Ct, Red Feather Lakes, CO 80545
      View Details
    • Value Estimation by Request
      1,202 SF

      137 County Rd 67a

      RESTAURANT
      137 County Rd 67a, Red Feather Lakes, CO 80545-8964
      View Details
    • Value Estimation by Request
      5,000 SF

      Fox Acres W Dr

      PARKING LOT
      Fox Acres W Dr, Red Feather Lakes, CO 80545
      View Details

    Similar Nearby for Sale

    • $1,200,000
      2,740 SF

      Commercial Building Overlooking Mountain Lakes

      Commercial building with development potential in Red Feather Lakes, Colorado.
      92 Hiawatha Hwy, Red Feather Lakes, CO 80545
      View Details
    • Contact for pricing

      Mixed-Use Investment in Red Feather

      Mixed-use property with grocery store, residential units, and income potential.
      137 County Road 67A, Red Feather Lakes, CO 80545
      View Details
    • Contact for pricing

      Commercial Building Overlooking Mountain Lakes

      Commercial building on 1.9 acres with development potential.
      92 Hiawatha Ct, Red Feather Lakes, CO 80545
      View Details
    • $150,000
      1.39 Acres

      Improved Lot in Crystal Lakes

      1.39 acre lot with improvements ready for outdoor enjoyment.
      5449 N County Road 73C, Red Feather Lakes, CO 80545
      View Details
    • $190,000
      2.39 Acres

      Land in Red Feather Lakes

      Two adjacent lots totaling 2.39 acres near national forest.
      171 Spokane Ct, Red Feather Lakes, CO 80545
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24 Main St
    Red Feather Lakes, CO 80545
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24 Main St, Red Feather Lakes, CO, 80545
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!