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Property profile & analytics
OFF-MARKET
Estimated value
$7,535,000
Office buildings
351 Us Hwy 285 Fairplay, CO 80440-5009
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1535201
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
3,506 SF
Lot
1.69 ac (73,442 SF)
APN
R0032360
UPID
US13-1535201
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 Soup Pot Restaurant
-
Littlehorn Engineering & Surveying, LLC Civil Engineer Environmental Engineer
-
Burnett Land Surveying Land Surveyor
-
ATM (TRD Inc) Atm
-
Southpark Rehab Drug Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.54M
Owner & transaction history
T French Properties LLC · 2 yrs held
T French Properties LLC
since 2023
Last sale
$7.5M
7 recorded transactions
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 Fairplay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairplay 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
$7,855,000
ML approach
$7,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.54M
Range $6.78M – $8.29M · ±10% · vs last sale $7.50M (Nov 7 2023)
Last sale anchor
$7.50M
Nov 7 2023
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
$2,149 / 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
$33,098
Tax year 2023
Assessed value
$500,677
Assessed 2023
Previous assessed
$500,677
+0.0% YoY
Effective rate
6.61%
On assessed value
Assessed land
$61,080
Assessed improvement
$439,597
Land market value
$210,622
Improvement market value
$1,515,850
Total market value
$1,726,472
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
2
Stories
1
Rooms
5
Total area
3,506 SF
Lot
1.69 ac (73,442 SF)
APN
R0032360
UPID
US13-1535201
Jurisdiction
PARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Buildings
2
Rooms
5
Lot
1.69 ac
Current owner
From public records · entity-resolved
T French Properties LLC
Entity
Mailing address
PO BOX 2044, LONGMONT, CO 80502-2044
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
$7,500,000
T French Properties LLC
297 Hwy 285 LLC
Special Warranty Deed
$5,881 · Micks Fairplay Holdings LLC
Jun 30, 2022
—
351 Hwy 285 LLC
Sandra L Mundy
Beneficiary Deed
—
Jun 27, 2022
$893,699
Sandra L Mundy
351 Hwy 285 LLC
Special Warranty Deed
—
May 16, 2022
—
351 Hwy 285 LLC
Micks Fariplay Holdings LLC
Quit Claim Deed
related
—
May 16, 2022
$3,550
Colorado Department Of Transportati
351 Hwy 285 LLC
Warranty Deed
—
Oct 8, 2015
—
351 Highway 285 LLC
—
Trustees Deed
related
$125,000 · Collegiate Peaks Bk
May 6, 2015
—
351 Highway 285 LLC
—
Trustees Deed
related
$576,792 · Collegiate Peaks Bk
Apr 12, 2007
$575,000
Colorado East Bank & Trust
Peoples National Bank
Warranty Deed
—
—
—
Samuel L Mick
—
Deed Of Trust
related
$300,000 · Stockmen's Bank
—
—
Rocky Top Plaza
—
Deed Of Trust
related
$1,087,500 · Collegiate Peaks Bk
—
—
Samuel L Mick
—
Deed Of Trust
related
$550,000 · Stockmen's Bank
—
—
Rocky Top Plaza LLC
—
Deed Of Trust
related
—
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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