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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Commercial real estate
345 County Rd 262 New Castle, CO 81647
Entity Owned
5-yr Hold
Property ID
US13-1298916
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
METAL FRAME
Total area
3,150 SF
Lot
20.76 ac (904,306 SF)
APN
218106300135
UPID
US13-1298916
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
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.66M
Owner & transaction history
Red Barn Guest Ranch 2 LLC · 5 yrs held
Red Barn Guest Ranch 2 LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.5M
+101.0%
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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,235,000
Current use
WAREHOUSE, STORAGE
$2,485,000
Change: +101% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10% · vs last sale $1.57M (Aug 14 2020)
Last sale anchor
$1.57M
Aug 14 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
$527 / 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
$15,358
Tax year 2023
Assessed value
$253,070
Assessed 2023
Previous assessed
$191,650
+32.0% YoY
Effective rate
6.07%
On assessed value
Assessed land
$33,220
Assessed improvement
$219,850
Land market value
$426,120
Improvement market value
$1,697,770
Total market value
$2,123,890
Applied tax rate
15.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
3,150 SF
Lot
20.76 ac (904,306 SF)
APN
218106300135
UPID
US13-1298916
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
$1.2M
WAREHOUSE, STORAGE
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
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
1975
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Rooms
2
Bathrooms
2
Lot
20.76 ac
Current owner
From public records · entity-resolved
Red Barn Guest Ranch 2 LLC
Entity
Mailing address
1019 COLORADO AVE, GLENWOOD SPRINGS, CO 81601-3319
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
$1,565,000
Red Barn Guest Ranch 2 LLC
Red Barn Guest Ranch LLC
Special Warranty Deed
$6,016 · Del Rio Trust
Dec 18, 2017
—
Red Barn Guest Ranch LLC
—
Deed
related
$1,700,000 · Vectra Bk
Dec 12, 2017
—
Red Barn Guest Ranch LLC
—
Deed
related
$1,700,000 · Vectra Bk/co
Jun 27, 2017
—
Red Barn Guest Ranch LLC
—
Deed
related
$800,000 · Hallock R & L 2007 Tr (pt)
Mar 16, 2017
—
Red Barn Guest Ranch LLC
Chaney,fred B
Quit Claim Deed
related
$1,200,000 · Private Individual
—
—
Fred B Chaney
—
Deed Of Trust
related
$925,000 · Bank Of America
—
—
Red Barn Guest Ranch LLC
—
Deed Of Trust
related
$800,000 · Hallock R & L 2007 Tr (pt)
—
—
Red Barn Guest Ranch LLC
—
Deed Of Trust
related
$1,700,000 · Vectra Bk
—
—
Red Barn Guest Ranch LLC
—
Deed Of Trust
related
$1,700,000 · Vectra Bk/co
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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