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    Property profile & analytics

    511 Red Lady Ave, Unit 121 Crested Butte, CO 81224-9895

    • Retail space
    • 1,281 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 22, 2020
    Location Intelligence
    Property ID
    US13-1326225
    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

    • Retail space

    Property Details for 511 Red Lady Ave

    Year built
    1994
    Property size
    1,281 SF
    Property type
    Retail space
    APN
    325503186012
    APU
    325503186012

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crested Butte
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.982
    Latitude
    38.8664

    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
    $7,642
    $0.00
    $111,450
    $111,450
    -
    $0.00
    $429,480
    $429,480

    Comparable in this City

    • Value Estimation by Request
      3,668 SF

      321 Elk Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,668 SF
      321 Elk Ave, Crested Butte, CO 81224
      View Details
    • Value Estimation
      $380,000
      590 SF

      510 Elk Ave, Unit 3

      RETAIL STORES (PERSONAL SERVICES) • 590 SF
      510 Elk Ave, Crested Butte, CO 81224-5433
      View Details
    • Value Estimation
      $160,000
      370 SF

      523 Riverland Dr, Unit 2B

      RETAIL STORES (PERSONAL SERVICES) • 370 SF
      523 Riverland Dr, Crested Butte, CO 81224-9835
      View Details
    • Value Estimation
      $480,000
      689 SF

      717 6th Sta

      RETAIL STORES (PERSONAL SERVICES) • 689 SF
      717 6th Sta, Crested Butte, CO 81224-5673
      View Details
    • Value Estimation
      $695,000
      5,964 SF

      201 Elk Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,964 SF
      201 Elk Ave, Crested Butte, CO 81224-9608
      View Details
    • Value Estimation
      $1,110,000
      6,780 SF

      318 Elk Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,780 SF
      318 Elk Ave, Crested Butte, CO 81224-5450
      View Details

    Similar Nearby for Sale

    • $400,000
      437 SF

      Crested Butte Storefront - $400K

      Thriving Floral Shop, Prime Location
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    • New
      $1,350,000
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      Multi-use property with retail and residential space in prime location.
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    • $775,000
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      Mixed-Use Property in Crested Butte

      Commercial space with rental condo near Belleview Avenue.
      611 3 St, Crested Butte, CO 81224
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      564 SF

      Retail/Commercial Unit in Crested Butte

      564 SF retail/commercial unit in the heart of Crested Butte.
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    • $697,000
      820 SF

      Crested Butte Retail/Office Unit

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      309 Belleview - #1-C, Crested Butte, CO 81224
      View Details
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    Crested Butte, CO 81224-9895
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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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