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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Specialty properties
38122 Us Hwy 24 Lake George, CO 80827-9715
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0295412
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1949
Construction
FRAME
Total area
3,240 SF
Lot
1.71 ac (74,488 SF)
APN
R0021047
UPID
US13-0295412
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
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Picks Properties INC · 3 yrs held
Picks Properties INC
since 2023
Last sale
$1.5M
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 Lake George submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake George 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
$1,385,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.50M (Jun 21 2023)
Last sale anchor
$1.50M
Jun 21 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
$449 / 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
$14,259
Tax year 2023
Assessed value
$343,508
Assessed 2023
Previous assessed
$270,875
+26.8% YoY
Effective rate
4.15%
On assessed value
Assessed land
$21,346
Assessed improvement
$322,162
Land market value
$73,608
Improvement market value
$1,110,904
Total market value
$1,184,512
Applied tax rate
9.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1949
Construction
FRAME
Heating
NONE
Buildings
8
Stories
1
Rooms
3
Bathrooms
2
Total area
3,240 SF
Lot
1.71 ac (74,488 SF)
APN
R0021047
UPID
US13-0295412
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
1949
Construction
FRAME
Heating
NONE
Stories
1
Buildings
8
Rooms
3
Bathrooms
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Picks Properties INC
Entity
Mailing address
16270 FRST LGT DR, COLORADO SPRINGS, CO 80908-2074
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
$1,500,000
Picks Properties INC
Peters Holdings Company Ltd
Warranty Deed
$975,000 · Firstbank
Nov 8, 2021
$1,160,000
Peters Holdings Company Ltd
Mountain River Lodge LLC
Warranty Deed
$953,810 · Pikes Peak National Bank
Apr 6, 2017
—
Mountain River Lodge LLC
—
Trustees Deed
related
$652,112 · Pikes Peak Nat'l Bk
Jan 19, 2016
$245,000
Mountain River Lodge LLC
Camus,kristen L
Grant Deed
$196,000 · 5star Bank
Aug 1, 2011
$205,000
Camus Kristen L
Ib Property Holdings LLC
Grant Deed
$205,000 · Five Star Bank
May 18, 2010
—
Skyelined LLC
Public Trustee Of Park County
Trustees Deed
related
—
Apr 21, 2010
$299,000
Bayview Ln Svcg LLC
Public Trustee Of Park County
Certificate Of Purchase
$385,000
Jun 6, 2007
$495,000
Skyelined LLC
Brown,thomas & Patricia A
Warranty Deed
$385,000 · Thomas & Patricia A Brown
—
—
Thomas Brown
—
Deed Of Trust
related
$118,638 · Park State Bank & Trust
—
—
Thomas Brown
—
Deed Of Trust
related
$107,764 · Park State Bank & Trust
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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