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    Property profile & analytics

    516 Olive St Lamar, CO 81052-2856

    • Auto shops
    • 7,604 SF
    OFF-MARKET
    Value Estimation
    $375,000
    Last Sale
    Sep 30, 2021
    Location Intelligence
    Property ID
    US13-2149444
    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

    • Auto shops

    Property Details for 516 Olive St

    Year built
    1940
    Construction
    TYPE NOT SPECIFIED
    Property size
    7,604 SF
    Property type
    Auto shops
    APN
    200022122
    APU
    200022122

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lamar
    County
    Prowers
    State
    Colorado
    Longitude
    -102.612
    Latitude
    38.0881

    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
    $2,562
    $22,399
    $51,206
    $73,605
    -
    $44,798
    $113,045
    $157,843

    Comparable in this City

    • Value Estimation by Request
      1,790 SF

      400 Olive St

      AUTO REPAIR, GARAGE • 1,790 SF
      400 Olive St, Lamar, CO 81052-2843
      View Details
    • Value Estimation by Request
      3,500 SF

      318 Main St

      AUTO REPAIR, GARAGE • 3,500 SF
      318 Main St, Lamar, CO 81052-2528
      View Details
    • Value Estimation
      $195,000
      3,014 SF

      802 Olive St

      AUTO REPAIR, GARAGE • 3,014 SF
      802 Olive St, Lamar, CO 81052-2945
      View Details
    • Value Estimation
      $225,000
      5,471 SF

      115 13th St

      AUTO REPAIR, GARAGE • 5,471 SF
      115 13th St, Lamar, CO 81052-2301
      View Details
    • Value Estimation
      $395,000
      13,905 SF

      6002 Us Hwy 50th, Unit 287

      AUTO REPAIR, GARAGE • 13,905 SF
      6002 Us Hwy 50th, Lamar, CO 81052-9560
      View Details
    • Value Estimation by Request
      289 SF

      6 Picasso Ct

      AUTO REPAIR, GARAGE • 289 SF
      6 Picasso Ct, Lamar, CO 81052
      View Details

    Similar Nearby for Sale

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      Lamar Retail Investment Opportunity

      Retail property with long-term lease and strong tenant commitment.
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      Lamar Commercial Building - Prime Location

      High-traffic retail & shop space, great access.
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    • Contact for pricing

      Lamar Industrial Lots for Sale

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      Two adjoining lots with development potential near hospital in Lamar.
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      View Details
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    516 Olive St
    Lamar, CO 81052-2856
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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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