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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
486 Lewis St Pagosa Springs, CO 81147
Entity Owned
~
Est. High Equity
Property ID
US13-1844579
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Total area
2,713 SF
Lot
0.07 ac (3,049 SF)
Zoning code
MIXED-USE TOWN CENTER
APN
569913303029
UPID
US13-1844579
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$520k
Owner & transaction history
Et Real Estate Investment LLC
Et Real Estate Investment LLC
since 2025
Last sale
$691,500
6 recorded transactions
Zoning & alternative use
MIXED-USE TOWN CENTER · Pagosa Springs, CO
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $692k (Jul 29 2025)
Last sale anchor
$692k
Jul 29 2025
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
$192 / 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
$5,538
Tax year 2023
Assessed value
$94,830
Assessed 2023
Previous assessed
$94,830
+0.0% YoY
Effective rate
5.84%
On assessed value
Assessed land
$33,480
Assessed improvement
$61,350
Land market value
$120,000
Improvement market value
$219,890
Total market value
$339,890
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Stories
1
Total area
2,713 SF
Lot
0.07 ac (3,049 SF)
Zoning code
MIXED-USE TOWN CENTER
APN
569913303029
UPID
US13-1844579
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.
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Et Real Estate Investment LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2025
$691,500
Et Real Estate Investment LLC
486 Lewis Street LLC
Special Warranty Deed
—
Mar 5, 2025
$220,000
Sean Wolfe
Anne Lincoln
Warranty Deed
$143,000 · Bank Of The San Juans
Apr 22, 2024
—
The Paul & Jennifer Thomas Revocabl
Paul Thomas
Quit Claim Deed
related
—
Feb 6, 2024
—
Kathleen M Adamshart
Kathleen M Adamshart
Intrafamily Transfer
related
—
May 31, 2022
$625,000
486 Lewis Street LLC
Tracy L Bunning
Special Warranty Deed
$500,000 · Capstar Bank
May 31, 2022
—
Team Title Services LLC
—
Deed
related
$820,000 · High Country Title INC
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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