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    Property profile & analytics

    309 1st Ave Otis, CO 80743

    • Retail space
    • 1,118 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 31, 2024
    Location Intelligence
    Property ID
    US13-1739766
    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

    • Retail space

    Property Details for 309 1st Ave

    Year built
    1964
    Lot size
    0.09 lot acres
    Property size
    1,118 SF
    Property type
    Retail space
    APN
    98041011004
    APU
    98041011004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Otis
    County
    Washington
    State
    Colorado
    Longitude
    -102.962
    Latitude
    40.1493

    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
    $97
    $2,205
    $14,290
    $16,495
    -
    $7,920
    $51,215
    $59,135

    Comparable in this City

    • Value Estimation by Request
      567 SF

      211 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 567 SF
      211 1st Ave, Otis, CO 80743-9535
      View Details
    • Value Estimation by Request
      791 SF

      102 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 791 SF
      102 1st Ave, Otis, CO 80743-9536
      View Details
    • Value Estimation by Request
      6,500 SF

      105 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      105 Washington St, Otis, CO 80743
      View Details
    • Value Estimation by Request
      2,100 SF

      101 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      101 Washington St, Otis, CO 80743
      View Details
    • Value Estimation
      $365,000
      2,025 SF

      730 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,025 SF
      730 1st Ave, Otis, CO 80743-9503
      View Details
    • Value Estimation by Request
      2,534 SF

      310 Gilpin St

      BARBER, HAIR SALON • 2,534 SF
      310 Gilpin St, Otis, CO 80743-9122
      View Details
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    309 1st Ave
    Otis, CO 80743
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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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