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Financial
Distress signals
Property profile

318 Elk Ave Crested Butte, CO 81224

OFF-MARKET
Retail space
Property ID
US13-1411788
6,780 SF 0.22 ac lot Built 1983
Last sale Sep 2005 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Butte Plaza is a downtown mixed-use building located at 318 Elk Ave in Crested Butte. The property contains 10 commercial suites and 8 residential studio apartments, for a total of approximately 13,770 rentable square feet. It is configured into 18 leased units and supports income diversification across both commercial and residential uses. The building has a membrane roof system that was recently installed, received recent exterior painting, and includes an elevator that is professionally…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value$498k
Assessed land$182k
Assessed improvement$317k
Effective rate6.86%

Value estimate

· Oct 2026
$590k
$531k – $649k
Submarket $/SF estimate$1.99M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$616/SF
County average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$171 – $952

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGUNNISON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop8.3
Convenience Store8.2
Garden Center8.2

Location

318 Elk Ave Crested Butte, CO 81224-5450
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
601 6th, Crested Butte, CO 81224-5672 $1,195,000 Dec 2025 1,696 SF
401 3rd, Crested Butte, CO 81224-5419 $625,000 Feb 2022 5,630 SF
218 Elk, Crested Butte, CO 81224-9608 $3,450,000 May 2021 3,111 SF
501 Elk, Crested Butte, CO 81224-5433 $1,850,000 Feb 2021 4,610 SF
123 Elk, Crested Butte, CO 81224 $1,700,000 Feb 2021 2,735 SF
509 Elk, Crested Butte, CO 81224-5433 $1,800,000 Feb 2019 1,702 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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