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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial real estate
315 1st Stb Parachute, CO 81635-5004
Entity Owned
Absentee Owner
Free & Clear
Property ID
US13-1001599
Property summary
AI-generated overview
This exceptional commercial property, located at 315 1st Street, Unit A&B, in Parachute, Colorado, presents a unique investment opportunity. The 4,608 square foot building boasts a prime downtown location with excellent Interstate 70 frontage, benefiting from an average daily traffic count of 22,400 vehicles. The property consists of two suites: Suite A, a 1,872 square foot former dispensary with a basement, fully remodeled in 2015 with approximately $200,000 in improvements, including one restroom
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Construction
METAL FRAME
Total area
2,400 SF
Lot
0.43 ac (18,731 SF)
APN
240912100029
UPID
US13-1001599
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
Current use
Occupant on record · Public records
-
The Green Joint - Parachute Recreational Cannabis Dispensary (Bike/Boat/Book/etc) Store
-
Trail Snax 100% Flower Big Box & Wholesale Store
-
Taqueria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$600k
Owner & transaction history
POWDERCAT 5 LLC
POWDERCAT 5 LLC
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 Parachute submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parachute 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%
$415,000
6.5%
$380,000
7%
$355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$735,000
Current use
OFFICE BUILDING
$725,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$250 / 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
Tax billed
$8,232
Tax year 2023
Assessed value
$135,060
Assessed 2023
Previous assessed
$151,850
-11.1% YoY
Effective rate
6.10%
On assessed value
Assessed land
$31,360
Assessed improvement
$103,700
Land market value
$112,390
Improvement market value
$371,680
Total market value
$484,070
Applied tax rate
48.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
METAL FRAME
Heating
WOOD FURNACE
Cooling
EVAPORATIVE
Stories
1
Units
1
Rooms
1
Bathrooms
2
Total area
2,400 SF
Lot
0.43 ac (18,731 SF)
APN
240912100029
UPID
US13-1001599
Jurisdiction
GARFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1997
Construction
METAL FRAME
Heating
WOOD FURNACE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
POWDERCAT 5 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
34505 GOLDEN EAGLE DR, STEAMBOAT SPRINGS, CO 80487-3201
Mailing matches property
Different — outreach signal
Owner-occupied
No
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.
Try Rey
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