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    Property profile & analytics

    245 Rainbow Blvd Salida, CO 81201-2519

    • Office buildings
    • 5,028 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    $810,000
    Last Sale
    Jul 16, 2025
    $850,000
    Location Intelligence
    Property ID
    US13-1361403
    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

    • High Rockies Counseling Services - Gina Porter, MA, LPCC / Counselor / Psychotherapist
    • Kevin A. Armstrong - Rolfer & Personal Trainer / Massage Therapist / Holistic Medicine Practitioner
    • Good Skin Matters / Facial Spa / Skin Care Clinic
    • Jennifer Hayden / Counselor

    Property Details for 245 Rainbow Blvd

    Year built
    1964
    Construction
    FRAME
    Lot size
    0.87 lot acres
    Property size
    5,028 SF
    Property type
    Office buildings
    APN
    R380705300109
    APU
    R380705300109

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $835,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $830,000
      7%
      $745,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $760,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $710,000
      Retail
      $695,000
      Mixed-Use
      $810,000
      Hospitality
      $790,000
      Educational
      $795,000
      Residential Income
      $690,000
      Energy
      $730,000
      Income-Based Land
      $745,000
      Food Service
      $745,000

    Location Insight

    • Map
    • Local Demand
    City
    Salida
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.001
    Latitude
    38.5237

    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
    $10,145
    $95,810
    $115,120
    $210,930
    -
    $343,410
    $442,613
    $786,023

    Comparable in this City

    • Value Estimation
      $400,000
      1,440 SF

      16550 Us Hwy 285

      OFFICE BUILDING • 1,440 SF
      16550 Us Hwy 285, Salida, CO 81201-9562
      View Details
    • Value Estimation
      $210,000
      645 SF

      16105 Us Hwy 50

      OFFICE BUILDING • 645 SF
      16105 Us Hwy 50, Salida, CO 81201-9413
      View Details
    • Value Estimation
      $325,000
      1,052 SF

      7385 Us Hwy 50c

      OFFICE BUILDING • 1,052 SF
      7385 Us Hwy 50c, Salida, CO 81201-9341
      View Details
    • Value Estimation
      $980,000
      7,440 SF

      125 2nd St

      OFFICE BUILDING • 7,440 SF
      125 2nd St, Salida, CO 81201-2114
      View Details
    • Value Estimation by Request
      2,418 SF

      139 3rd St

      OFFICE BUILDING • 2,418 SF
      139 3rd St, Salida, CO 81201-2612
      View Details
    • Value Estimation
      $240,000
      1,597 SF

      132 F St, Unit 4

      OFFICE BUILDING • 1,597 SF
      132 F St, Salida, CO 81201-2102
      View Details

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    Similar Nearby for Lease

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    245 Rainbow Blvd
    Salida, CO 81201-2519
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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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