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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Retail space
55 Sunset Dr Basalt, CO 81621-9386
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0929453
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Total area
15,980 SF
Lot
1.24 ac (53,797 SF)
APN
2465 112 11 005
UPID
US13-0929453
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
-
Valley Lumber Co Llc Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
$4.77M
Blend (final)
Blend
$3.68M
Owner & transaction history
Michael P Knapp Family Trust · 2 yrs held
Michael P Knapp Family Trust
since 2023
7 recorded transactions
Zoning & alternative use
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 Basalt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Basalt 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%
$3,735,000
6.5%
$3,445,000
7%
$3,200,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,680,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10%
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
$230 / 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
$83,308
Tax year 2023
Assessed value
$995,120
Assessed 2023
Previous assessed
$492,920
+101.9% YoY
Effective rate
8.37%
On assessed value
Assessed land
$456,930
Assessed improvement
$538,190
Land market value
$1,637,730
Improvement market value
$1,929,010
Total market value
$3,566,740
Applied tax rate
81.0000
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
1994
Heating
FORCED AIR
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
15,980 SF
Lot
1.24 ac (53,797 SF)
APN
2465 112 11 005
UPID
US13-0929453
Jurisdiction
EAGLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.7M
COMMERCIAL (GENERAL)
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
1994
Heating
FORCED AIR
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Michael P Knapp Family Trust
Trust
Mailing address
3516 GOODWOOD DR SE, GRAND RAPIDS, MI 49546-7226
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
Michael P Knapp Family Trust
Michael P Klnapp Marital Trust
Bargain And Sale Deed
—
Jan 4, 2023
—
Colorado Land & Lumber LLC
Valley Acquisition Company LLC
Quit Claim Deed
—
Aug 1, 2022
$3,500,000
Valley Acquisition Company LLC
Michael P Knapp Family Trust
Re-recorded Document
related
—
Jul 29, 2022
—
Valley Acquisition Company LLC
Michael P Knapp Family Trust
Quit Claim Deed
related
—
Jul 29, 2022
$3,500,000
Valley Acquisition Company LLC
Michael P Knapp Family Trust
Special Warranty Deed
$2,640,000 · Bank Of Colorado
Mar 30, 2022
—
Michael P Knapp Family Trust
Michael P Knapp Marital Trust
Intrafamily Transfer
related
—
Dec 20, 2017
—
Knapp,michael P Trust
Idevco INC
Warranty Deed
—
Oct 31, 2016
—
Knapp,michael P Trust
Knapp,michael P SR
Quit Claim Deed
related
—
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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