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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
28 Vly Cres St Palmer Lake, CO 80133
Entity Owned
Free & Clear
Property ID
US13-1288900
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD FRAME
Total area
3,622 SF
Lot
2 ac (87,120 SF)
Zoning code
CC
APN
7105309007
UPID
US13-1288900
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
by Request
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$575k
Owner & transaction history
PALMER LAKE TOWN
PALMER LAKE TOWN
Zoning & alternative use
CC · Palmer Lake, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of CC zone is to provide restaurants, service establishments, commercial (business) offices, retail stores, medical and dental clinics offices
Zone name
Convenience Commercial Zone
General category
COMMERCIAL
Zone area
26.38 ac
Source
Realmo
Top alternative use upside
Medical building
$880,000
+12.3%
Retail stores
$850,000
+8.7%
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 Palmer Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer Lake 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%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$785,000
Current use
MEDICAL BUILDING
$880,000
Change: +12% · Conversion: Easy
RETAIL STORES
$850,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$655,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$159 / 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
Assessed value
$192,440
Assessed 2023
Previous assessed
$192,440
+0.0% YoY
Assessed land
$41,810
Assessed improvement
$150,630
Land market value
$149,846
Improvement market value
$539,903
Total market value
$689,749
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
HOT WATER
Buildings
2
Stories
2
Total area
3,622 SF
Lot
2 ac (87,120 SF)
Zoning code
CC
APN
7105309007
UPID
US13-1288900
Jurisdiction
EL PASO
Zoning & alternative use
CC · Palmer Lake, COZoning CC · permitted uses
CC · Palmer Lake, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of CC zone is to provide restaurants, service establishments, commercial (business) offices, retail stores, medical and dental clinics offices
Zone name
Convenience Commercial Zone
General category
COMMERCIAL
Zone area
26.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$785,000
MEDICAL BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$655,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1982
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
PALMER LAKE TOWN
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 208, PALMER LAKE, CO 80133-0208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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