Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    242 Main St Carbondale, CO 81623-2527

    • Office buildings
    • 2,326 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2024
    $1,300,000
    Value Estimations
    $1,300,000
    Show details
    Cap Rate Potential
    2.7%
    Office buildings
    Location Intelligence
    Property ID
    US13-0842376
    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

    • Office buildings

    Property Details for 242 Main St

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    2,326 SF
    Property type
    Office buildings
    APN
    239334417003
    APU
    239334417003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000
      ML approach
      $1,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,070,000
      Market price range: $362k - $1.07M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,835,000
      COMMERCIAL (GENERAL)
      $1,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Garfield
    State
    Colorado
    Longitude
    -107.209
    Latitude
    39.4003
    CBSA code
    24060
    CBSA name
    GLENWOOD SPRINGS, 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
    $19,950
    $150,660
    $102,630
    $253,290
    -
    $540,000
    $367,850
    $907,850

    Comparable in this City

    • Value Estimation by Request
      1,882 SF

      57 4th St

      OFFICE BUILDING • 1,882 SF
      57 4th St, Carbondale, CO 81623-2011
      View Details
    • Value Estimation
      $1,255,000
      4,312 SF

      985 Hwy 133

      OFFICE BUILDING • 4,312 SF
      985 Hwy 133, Carbondale, CO 81623-1833
      View Details
    • Value Estimation by Request
      3,571 SF

      1000 Dolores Way

      OFFICE BUILDING • 3,571 SF
      1000 Dolores Way, Carbondale, CO 81623-2221
      View Details
    • Value Estimation by Request
      1,326 SF

      3rd Ave

      OFFICE BUILDING • 1,326 SF
      3rd Ave, Carbondale, CO 81623
      View Details
    • Value Estimation
      $595,000
      3,590 SF

      100 3rd St

      OFFICE BUILDING • 3,590 SF
      100 3rd St, Carbondale, CO 81623-2090
      View Details
    • Value Estimation
      $995,000
      7,200 SF

      38 4th St

      OFFICE BUILDING • 7,200 SF
      38 4th St, Carbondale, CO 81623-2012
      View Details

    Similar Nearby for Sale

    • $2,225,000

      Downtown Carbondale Office Building

      Highly visible office building in downtown Carbondale with parking.
      1044 Main St, Carbondale, CO 81623
      View Details
    • $250,000
      524 SF

      Updated Commercial Unit in Carbondale

      524 sq ft commercial unit in a visible Carbondale plaza.
      600 Co-133, Carbondale, CO 81623
      View Details
    • New
      $6,050,000
      7,816 SF

      Downtown Carbondale Mixed-Use Opportunity

      Three parcels with income potential in Carbondale's Historic Commercial Core.
      50 Weant Blvd, Carbondale, CO 81623
      View Details
    • $2,000,000

      Carbondale Industrial Condo Investment

      Fully leased commercial industrial condo with long-term tenants.
      181 12Th St, Carbondale, CO 81623
      View Details
    • $625,000

      La Fontana Retail/Office Space

      Ground-level unit in La Fontana Plaza, ideal for retail/office.
      570 6Th St, Carbondale, CO 81623
      View Details
    • $3,745,000
      3,800 SF

      Historic Carbondale Commercial Core Opportunity

      Iconic 1898 brick building with modern functionality in Carbondale, CO.
      55 N 4Th St, Carbondale, CO 81623
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr

      Private Office Space For Rent

      Private office with shared amenities, convenient highway access.
      995 Cowen Ll60A, Carbondale, CO 81623
      View Details
    • $30 SF/Yr

      Carbondale Office Space For Lease

      Prime office space in Carbondale with shared amenities.
      319 Main St, Carbondale, CO 81623
      View Details
    • $30 SF/Yr

      Carbondale Office Space Available

      Prime office space with shared amenities in Carbondale, Colorado.
      319 Main St, Carbondale, CO 81623
      View Details
    • $29 SF/Yr

      1933 Dolores Way

      Space For Lease
      1933 Dolores Way, Carbondale, CO 81623
      View Details
    • $22 SF/Yr

      Modern Carbondale Commercial Space Available

      New construction with high visibility and Sopris views.
      920 Co-133, Carbondale, CO 81623
      View Details
    • $45 SF/Yr

      New Office Space Available

      New office space for rent, available late 2026.
      925 D, Carbondale, CO 81623
      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.
    242 Main St
    Carbondale, CO 81623-2527
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.