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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    356 Elkhorn Ave, Unit 1 Estes Park, CO 80517

    • Retail space
    • 1,665 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2024
    $470,000
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    3.1%
    Retail space
    Location Intelligence
    Property ID
    US13-0703383
    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

    • Rocket Fizz / Candy Store / Beverage Distributor
    • Niche Design House / Building Materials Store / Furniture Store
    • Alteatude, Boba and More / Bubble Tea Store
    • Hands Down Best In Town Therapeutic Massage / Massage Therapist
    • Aspen and Evergreen Gallery / Tourist Attraction / Art Gallery

    Property Details for 356 Elkhorn Ave

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    1,665 SF
    Property type
    Retail space
    APN
    35251-24-001
    APU
    3525124001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $470,000
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $594,000
      Market price range: $297k - $633k
      AI Estimate
      $458,000
      Market price range: $177k - $470k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $425,000
      Current use
      MEDICAL BUILDING
      $515,000
      Change: +21% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $395,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $390,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Estes Park
    County
    Larimer
    State
    Colorado
    Longitude
    -105.518
    Latitude
    40.3771
    CBSA code
    22660
    CBSA name
    FORT COLLINS-LOVELAND, 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
    $12,120
    $13,504
    $163,215
    $176,719
    -
    $48,400
    $585,000
    $633,400

    Comparable in this City

    • Value Estimation
      $265,000
      1,396 SF

      600 Saint Vrain Ave, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 1,396 SF
      600 Saint Vrain Ave, Estes Park, CO 80517-7488
      View Details
    • Value Estimation
      $180,000
      860 SF

      129 Elkhorn Ave

      RETAIL STORES (PERSONAL SERVICES) • 860 SF
      129 Elkhorn Ave, Estes Park, CO 80517
      View Details
    • Value Estimation
      $310,000
      2,395 SF

      148 Elkhorn Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,395 SF
      148 Elkhorn Ave, Estes Park, CO 80517
      View Details
    • Value Estimation
      $285,000
      1,616 SF

      102 Elkhorn Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,616 SF
      102 Elkhorn Ave, Estes Park, CO 80517
      View Details
    • Value Estimation
      $455,000
      9,066 SF

      137 Elkhorn Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,066 SF
      137 Elkhorn Ave, Estes Park, CO 80517
      View Details
    • Value Estimation
      $600,000
      3,256 SF

      230 Elkhorn Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,256 SF
      230 Elkhorn Ave, Estes Park, CO 80517
      View Details

    Similar Nearby for Sale

    • $1,529,500

      Estes Park Income-Producing Property

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      Iconic Retail/Office Building For Sale

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      Iconic Retail/Office Building For Sale

      Highly visible retail/office building in Estes Park, Colorado.
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    • $2,400,000
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      Estes Park Commercial Gem

      14,776 SF, Multi-Tenant, High ROI
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    • $800,000
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      Estes Park Commercial Property For Sale

      Commercial property in high-demand area with multiple use and expansion potential.
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      View Details
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      0.37 Acres

      Commercial Building Near National Park

      Free-standing commercial building on busy thoroughfare near Rocky Mountain National Park.
      865 Moraine Ave, Estes Park, CO 80517
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      8,000 SF

      Retail Space in Stanley Village

      8,000 SF retail or entertainment space with parking.
      541-543 Big Thompson Ave, Estes Park, CO 80517
      View Details
    • $18 SF/Yr
      8,000 SF

      Estes Park Retail Space Available

      8,000 SF Retail/Entertainment Space
      543 Big Thompson Ave, Estes Park, CO 80517
      View Details
    • $12 SF/Yr
      1,247 SF

      Estes Park Office Space

      Office space in Stanley Village Shopping Center, Estes Park, CO.
      513 Big Thompson Ave, Estes Park, CO 80517
      View Details
    • $19 SF/Yr
      640 SF

      Office Space in Stanley Village

      Office space for lease in Stanley Village Shopping Center.
      517 Big Thompson Ave, Estes Park, CO 80517
      View Details
    • $2,742,000
      385 SF

      Estes Park Office Suites Available

      Small office suites for rent in central Estes Park location.
      363 E Elkhorn Ave, Estes Park, CO 80517
      View Details

    Property Visit Statistics

    • Visits by month
      5.4k
    • Visitors by month
      6.2k
    • Avg Time on site
      20 min
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    Estes Park, CO 80517
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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