501 Central Ave Dolores, CO 81323
PL: In the DMU district, residential dwelling units shall be located above the first floor or behind the front 30 percent of the structure. 3. Group Home. A group home may provide a living arrangement for not more than eight residents per home 60 years of age or older, or for the physically or developmentally disabled, and not more than two supervisory perso…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
DMU · Dolores, COPL: In the DMU district, residential dwelling units shall be located above the first floor or behind the front 30 percent of the structure. 3. Group Home. A group home may provide a living arrangement for not more than eight residents per home 60 years of age or older, or for the physically or developmentally disabled, and not more than two supervisory personnel, subject to the following conditions: a. Homes for the physically and/or developmentally disabled must be state-licensed. (1) All exterior aspects of a group home, including its scale and off-street parking configuration, shall not disrupt the residential character of the area. (2) A group home shall provide one off-street parking space for visitors and one for each employee (typical peak staff), in addition to off-street parking otherwise required pursuant to Article 8, Parking, Loading, and Access. (3) In no case shall the total number of persons residing on premises (including staff) be more than one per 400 square feet of usable floor area. b. An assisted living facility may provide living arrangements subject to the following conditions: (1) Such facility must be state licensed. (2) All exterior aspects of an assisted living facility, including its scale and off-street parking configuration shall not disrupt the residential character of the area. (3) An assisted living facility shall provide one off street parking space for visitors and one for each employee (typical peak staff), in addition of off-street parking otherwise required pursuant to Article 8, Parking, Loading, and Access. (4) In no case should the total number of persons residing on premises (including staff) be more than one per 400 square feet of usable floor area. 4. Manufactured Homes. Type 1 Manufactured Homes (Certified on or after January 1, 1990) are required for placement on new manufactured home lots or the replacement of existing manufactured or mobile homes. B. Commercial Uses. 1. Bed and Breakfast, or Boarding or Rooming House. A bed and breakfast or boarding or rooming establishment may provide lodging and breakfast for temporary overnight occupants in no more than three separate bedrooms for compensation. One off-street parking space per bedroom offered for use for temporary overnight accommodations, in addition to off-street parking otherwise required pursuant to Article 8, Parking, Loading, and Access. 2.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.