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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Office Spaces
24505 Hwy 82 Basalt, CO 81621-9204
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-2648027
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1974
Total area
11,250 SF
Lot
1.54 ac (67,082 SF)
APN
246717401035
UPID
US13-2648027
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.73M
Owner & transaction history
1 Acre LLC · 6 yrs held
1 Acre LLC
since 2020
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Basalt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Basalt 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
$1,595,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10% · vs last sale $1.81M (Jan 2 2020)
Last sale anchor
$1.81M
Jan 2 2020
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
$153 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$39,484
Tax year 2022
Assessed value
$482,000
Assessed 2023
Previous assessed
$482,000
+0.0% YoY
Effective rate
8.19%
On assessed value
Assessed land
$209,250
Assessed improvement
$272,750
Land market value
$750,000
Improvement market value
$977,600
Total market value
$1,727,600
Applied tax rate
16.0000
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
OFFICE (GENERAL)
Status
Off-Market
Year built
1974
Heating
YES
Cooling
YES
Stories
2
Total area
11,250 SF
Lot
1.54 ac (67,082 SF)
APN
246717401035
UPID
US13-2648027
Jurisdiction
PITKIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Heating
YES
Cooling
Yes
Stories
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
1 Acre LLC
Entity
Mailing address
131 DRISKELL LN, SNOWMASS, CO 81654-9307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
—
1 Acre LLC
Independence Invt Grp LLC
Grant Deed
$1,353,750 · Alpine Bank
Jan 24, 2019
—
Independence Invs Grp LLC
—
Deed
related
$1,051,628 · Midfirst Bk
Mar 30, 2016
$1,115,000
Independence Investment Group
Smith,wendy
Grant Deed
related
—
Aug 17, 2005
$1,115,000
Independence Inv Group LLC
Smith,gailen B & Wendy
Warranty Deed
$1,300,500 · Gailen B & Wendy Smith
Jun 21, 2005
—
Gailen B Smith
Oken Thomas C
Trustees Deed
related
—
—
—
Independence Invs Grp LLC
—
Loan Modification
related
$1,051,628 · Midfirst Bk
—
—
Acre LLC
—
Deed Of Trust
related
$1,353,750 · Alpine Bk
—
—
Independence Inv Group LLC
—
Deed Of Trust
related
$1,399,900 · Steele Street State Bank
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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