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    Property profile & analytics

    616 Hyman Ave Aspen, CO 81611-2391

    • Office Properties & Spaces
    • 10,680 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $11,650,000
    Last Sale
    Aug 12, 2022
    $13,300,000
    Location Intelligence
    Property ID
    US13-0781853
    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

    • Jennifer Metcalf, MSPT / Physical Therapist / Physical Therapy Clinic
    • Stan Cheo / Sports Medicine Physician
    • Marianne Boesky Gallery Aspen / Art Gallery
    • Miss Purvi Desai / Physical Therapist
    • Liza Bakken / Physical Therapist

    Property Details for 616 Hyman Ave

    Year built
    1969
    Lot size
    0.14 lot acres
    Property size
    10,680 SF
    Property type
    Office Properties & Spaces
    APN
    273718212005
    APU
    273718212005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,830,000
      6.5%
      $13,245,000
      7%
      $13,175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,715,000
      Geo Method
      $14,500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,935,000
      Retail
      $14,445,000
      Mixed-Use
      $13,150,000
      Hospitality
      $11,340,000
      Educational
      $12,110,000
      Residential Income
      $15,730,000
      Energy
      $14,485,000
      Income-Based Land
      $13,540,000
      Food Service
      $13,890,000

    Location Insight

    • Map
    • Local Demand
    City
    Aspen
    County
    Pitkin
    State
    Colorado
    Longitude
    -106.817
    Latitude
    39.1887
    CBSA code
    24060
    CBSA name
    GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

    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
    $108,955
    $2,678,400
    $940,540
    $3,618,940
    -
    $9,600,000
    $3,371,100
    $12,971,100

    Comparable in this City

    • Value Estimation by Request
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      400 Dean St, Unit 9C

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      4,585 SF

      500 Main St

      OFFICE (GENERAL) • 4,585 SF
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    • Value Estimation by Request
      1,850 SF

      430 Main St

      OFFICE (GENERAL) • 1,850 SF
      430 Main St, Aspen, CO 81611-1616
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    • Value Estimation by Request
      1,410 SF

      534 Hopkins Ave, Unit 534B

      OFFICE (GENERAL) • 1,410 SF
      534 Hopkins Ave, Aspen, CO 81611-1910
      View Details
    • Value Estimation
      $625,000
      2,136 SF

      133 Prospector Rd, Unit C4209

      OFFICE (GENERAL) • 2,136 SF
      133 Prospector Rd, Aspen, CO 81611-3389
      View Details
    • Value Estimation
      $345,000
      595 SF

      300 Spg St Ste, Unit 101

      OFFICE (GENERAL) • 595 SF
      300 Spg St Ste, Aspen, CO 81611-2069
      View Details

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    616 Hyman Ave
    Aspen, CO 81611-2391
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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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