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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office Spaces
241 Elm Ave 2 Eaton, CO 80615-8266
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0472111
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Total area
2,296 SF
Lot
0.06 ac (2,444 SF)
APN
R4909107
UPID
US13-0472111
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
-
Modern Dental Arts: Kurth Jennifer DDS Dental Office
-
Edward Jones - Financial Advisor: Emily A Wiedeman, CFP®|ChFC®|RICP®|AAMS™ Financial Advisor
-
Eaton Family Dental Dental Office
-
Smokin' Bros Barbecue Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$505k
Owner & transaction history
Ew Investments LLC · 12 yrs held
Ew Investments LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$825,000
+96.5%
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 Eaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eaton 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%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$420,000
Current use
AUTO REPAIR, GARAGE
$825,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$395,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$385,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$375,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$220 / 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
$9,669
Tax year 2023
Assessed value
$137,730
Assessed 2023
Previous assessed
$137,730
+0.0% YoY
Effective rate
7.02%
On assessed value
Assessed improvement
$137,730
Improvement market value
$493,640
Total market value
$493,640
Applied tax rate
6,324.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
2,296 SF
Lot
0.06 ac (2,444 SF)
APN
R4909107
UPID
US13-0472111
Jurisdiction
WELD
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
OFFICE BUILDING Current
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$825,000
RETAIL STORES
Est. value
$395,000
MEDICAL BUILDING
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$375,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2005
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Ew Investments LLC
Entity
Mailing address
35520 COUNTY RD 43, EATON, CO 80615-9205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2013
$145,000
Ew Investments LLC
Bank Of Co
Grant Deed
$196,000 · Guaranty Bank
May 2, 2013
$156,400
Bank Of Co
New West Bk
Grant Deed
—
May 24, 2011
—
New West Bk
Public Trustee Of Weld County
Trustees Deed
related
—
Jun 30, 2005
—
J Arthur Holdings LLC
P2 Eaton Properties LLC
Quit Claim Deed
related
—
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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