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Property profile & analytics
OFF-MARKET
Estimated value
$14,480,000
Office Spaces
616 Hyman Ave Aspen, CO 81611-2391
Entity Owned
Free & Clear
Property ID
US13-0781853
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Total area
10,680 SF
Lot
0.14 ac (6,000 SF)
APN
273718212005
UPID
US13-0781853
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
-
Jennifer Metcalf, MSPT Physician
-
Stan Cheo Physician
-
Marianne Boesky Gallery Aspen Art Gallery
-
Miss Purvi Desai Physician
-
Liza Bakken Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.37M
Blend (final)
Blend
$14.48M
Owner & transaction history
Valley Exchange Properties 616 LLC
Valley Exchange Properties 616 LLC
since 2025
Last sale
$20.0M
2 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 Aspen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aspen 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
$10,225,000
ML approach
$9,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.48M
Range $13.03M – $15.93M · ±10% · vs last sale $19.95M (Jul 17 2025)
Last sale anchor
$19.95M
Jul 17 2025
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
$1,356 / 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
$108,955
Tax year 2023
Assessed value
$3,618,940
Assessed 2023
Previous assessed
$2,893,820
+25.1% YoY
Effective rate
3.01%
On assessed value
Assessed land
$2,678,400
Assessed improvement
$940,540
Land market value
$9,600,000
Improvement market value
$3,371,100
Total market value
$12,971,100
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1969
Heating
BASEBOARD
Cooling
YES
Stories
2
Total area
10,680 SF
Lot
0.14 ac (6,000 SF)
APN
273718212005
UPID
US13-0781853
Jurisdiction
PITKIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Heating
BASEBOARD
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Valley Exchange Properties 616 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
$19,950,000
Valley Exchange Properties 616 LLC
616 E Hyman Ave LLC
Special Warranty Deed
—
Aug 12, 2022
$13,300,000
616 E Hyman Ave LLC
Furngulf LLC
Special Warranty Deed
—
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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