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    Property profile & analytics

    408 Hersum Ave Olathe, CO 81425-5081

    • Residential income homes
    • 2,157 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 24, 2021
    $10,000
    Location Intelligence
    Property ID
    US13-1373489
    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

    • Residential income homes

    Property Details for 408 Hersum Ave

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    2,157 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    3723-103-44-010
    APU
    372310344010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Montrose
    State
    Colorado
    Longitude
    -107.984
    Latitude
    38.6057
    CBSA code
    33940
    CBSA name
    MONTROSE, CO MICROPOLITAN 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
    $1,781
    $3,330
    $20,840
    $24,170
    -
    $22,500
    $139,950
    $162,450

    Comparable in this City

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      $505,000
      3,392 SF

      211 Rebekah Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,392 SF
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      View Details
    • Value Estimation
      $290,000
      3,060 SF

      935 Camillo Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,060 SF
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    • Value Estimation
      $380,000
      13,720 SF

      4806 Riv Rd

      APARTMENT HOUSE (5+ UNITS) • 13,720 SF
      4806 Riv Rd, Olathe, CO 81425-9016
      View Details
    • Value Estimation
      $280,000
      3,496 SF

      309 Main St

      APARTMENT HOUSE (5+ UNITS) • 3,496 SF
      309 Main St, Olathe, CO 81425-5079
      View Details
    • Value Estimation
      $315,000
      6,000 SF

      723 2nd St

      APARTMENT HOUSE (5+ UNITS) • 6,000 SF
      723 2nd St, Olathe, CO 81425-5009
      View Details
    • Value Estimation
      $370,000
      8,759 SF

      306 Hersum Ave

      APARTMENT HOUSE (5+ UNITS) • 8,759 SF
      306 Hersum Ave, Olathe, CO 81425
      View Details

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    408 Hersum Ave
    Olathe, CO 81425-5081
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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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