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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
414 Pagosa St Pagosa Springs, CO 81147
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2361514
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1895
Total area
2,278 SF
Lot
0.09 ac (3,920 SF)
Zoning code
MIXED-USE TOWN CENTER
APN
569913304024
UPID
US13-2361514
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
-
Galles Properties Real Estate Real Estate Agency
-
Brent Christians Real Estate Agency
-
Edward Keyes, Jr., Galles Properties Real Estate Agency
-
Loren Talley, Realtor at Galles Properties Real Estate Agency
-
Pagosa Springs Real Estate Agent - Marcie Lewis, Galles Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Kmp Group LLC · 1 yrs held
Kmp Group LLC
since 2024
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
MIXED-USE TOWN CENTER · Pagosa Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$660,000
+124.7%
Office building
$440,000
+50.8%
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 Pagosa Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pagosa Springs 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$660,000
Change: +125% · Conversion: Easy
OFFICE BUILDING
$440,000
Change: +51% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Sep 3 2024)
Last sale anchor
$650k
Sep 3 2024
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
$285 / 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
$6,346
Tax year 2023
Assessed value
$108,680
Assessed 2023
Previous assessed
$108,680
+0.0% YoY
Effective rate
5.84%
On assessed value
Assessed land
$18,410
Assessed improvement
$90,270
Land market value
$66,000
Improvement market value
$323,540
Total market value
$389,540
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1895
Heating
HOT WATER
Stories
1
Total area
2,278 SF
Lot
0.09 ac (3,920 SF)
Zoning code
MIXED-USE TOWN CENTER
APN
569913304024
UPID
US13-2361514
Jurisdiction
ARCHULETA
Zoning & alternative use
MIXED-USE TOWN CENTER · Pagosa Springs, CO
Zoning MIXED-USE TOWN CENTER · permitted uses
MIXED-USE TOWN CENTER · Pagosa Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pagosa Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$660,000
OFFICE BUILDING
Est. value
$440,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1895
Heating
HOT WATER
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Kmp Group LLC
Entity
Mailing address
7018 RUIDOSO DR, WINDSOR, CO 80550-7062
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$650,000
Kmp Group LLC
Robert G Hart
Special Warranty Deed
$520,000 · Bank Of Colorado
Jul 31, 2023
—
Robert G Hart
—
Deed
related
$450,000 · First Southwest Bank
Apr 22, 2022
—
Robert G Hart
—
Deed
related
$440,000 · First Southwest Bank
Dec 30, 2019
—
Robert G Hart
—
Deed
related
$313,103 · First Southwest Bank
Dec 1, 2017
$454,500
Robert G Hart
Stephen Smith
Warranty Deed
$372,000 · Arvest Bank
Oct 27, 2009
$410,000
Stephen Smith
The Rannt Group LLC
Warranty Deed
—
Mar 15, 2005
$350,000
The Rannt Group LLC
G Dean Cox
Warranty Deed
$262,500 · Bank Of The San Juans
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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