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    Property profile & analytics

    351 Us Hwy 285 Fairplay, CO 80440-5009

    • Office buildings
    • 3,506 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimation
    $7,475,000
    Last Sale
    Nov 07, 2023
    $7,500,000
    Location Intelligence
    Property ID
    US13-1535201
    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

    • The Soup Pot / Restaurant
    • Littlehorn Engineering & Surveying, LLC / Engineer / Architectural Designer
    • Burnett Land Surveying / Land Surveyor
    • ATM (TRD Inc) / Atm
    • Southpark Rehab / Drug Testing Service

    Property Details for 351 Us Hwy 285

    Year built
    1980
    Lot size
    1.69 lot acres
    Property size
    3,506 SF
    Property type
    Office buildings
    APN
    R0032360
    APU
    R0032360

    Description

    This exceptional two-story office building, situated at 351 US Hwy 285 in Fairplay, Colorado, presents a unique investment opportunity. Boasting 3,336 square feet of gross building area on a substantial 51,529 square foot lot, this property offers versatile space suitable for a variety of office uses, including traditional, executive, medical, creative, or coworking environments. Constructed in 1980, the building features a brick exterior and a pitched roof. Its prime location offers ideal frontage on both Highway 285 and Main Street, the two main thoroughfares in Park County, ensuring high visibility and accessibility. The property is zoned commercial and includes air conditioning and heating. Utilities are master-metered. The building is a single-tenant space, offering a unique opportunity for a business seeking a prominent location in a thriving community. The Net Net Net (NNN) lease rate is $13 per square foot. This property is an excellent choice for businesses seeking a well-established presence in the heart of Fairplay, Colorado. The zip code is 80440.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,855,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,460,000
      6.5%
      $7,190,000
      7%
      $8,265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,720,000
      Geo Method
      $6,550,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,535,000
      Retail
      $6,500,000
      Mixed-Use
      $8,590,000
      Hospitality
      $7,825,000
      Educational
      $7,705,000
      Residential Income
      $7,805,000
      Energy
      $6,510,000
      Income-Based Land
      $6,780,000
      Food Service
      $6,790,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairplay
    County
    Park
    State
    Colorado
    Longitude
    -105.993
    Latitude
    39.2216
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    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
    $33,098
    $61,080
    $439,597
    $500,677
    -
    $210,622
    $1,515,850
    $1,726,472

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      1507 County Rd 16

      OFFICE BUILDING • 2,016 SF
      1507 County Rd 16, Fairplay, CO 80440
      View Details
    • Value Estimation
      $425,000
      1,248 SF

      281 State Hwy 285

      OFFICE BUILDING • 1,248 SF
      281 State Hwy 285, Fairplay, CO 80440
      View Details
    • Value Estimation
      $305,000
      3,840 SF

      1101 Mdw Dr

      OFFICE BUILDING • 3,840 SF
      1101 Mdw Dr, Fairplay, CO 80440
      View Details
    • Value Estimation by Request
      2,836 SF

      295 5th St

      OFFICE BUILDING • 2,836 SF
      295 5th St, Fairplay, CO 80440-5016
      View Details
    • Value Estimation
      $245,000
      1,294 SF

      1150 Castello Ave

      OFFICE BUILDING • 1,294 SF
      1150 Castello Ave, Fairplay, CO 80440-5095
      View Details
    • Value Estimation
      $295,000
      480 SF

      22254 Hwy 285

      OFFICE BUILDING • 480 SF
      22254 Hwy 285, Fairplay, CO 80440
      View Details

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    351 Us Hwy 285
    Fairplay, CO 80440-5009
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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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