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Property profile & analytics
OFF-MARKET
Office buildings
645 Grand Mesa Dr Cedaredge, CO 81413-4016
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-1787656
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Construction
FRAME
Total area
1,026 SF
Lot
0.32 ac (13,939 SF)
APN
319329200048
UPID
US13-1787656
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
L&m Ventures LLC · 12 yrs held
L&m Ventures LLC
since 2013
5 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 Cedaredge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedaredge 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,854
Tax year 2023
Assessed value
$28,319
Assessed 2023
Previous assessed
$28,319
+0.0% YoY
Effective rate
6.55%
On assessed value
Assessed land
$13,950
Assessed improvement
$14,369
Land market value
$50,000
Improvement market value
$51,500
Total market value
$101,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,026 SF
Lot
0.32 ac (13,939 SF)
APN
319329200048
UPID
US13-1787656
Jurisdiction
DELTA
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
1926
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
L&m Ventures LLC
Entity
Mailing address
645 S GRAND MESA DR, CEDAREDGE, CO 81413-4016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2013
$68,400
L&m Ventures LLC
Macht Liles Real Estate Group LLC
Warranty Deed
$92,000 · Rodney Miller
Dec 20, 2012
$68,400
Macht Liles Real Estate Group LLC
Federal Home Loan Mortgage Corporat
Special Warranty Deed
—
Oct 2, 2012
$115,974
Federal Home Loan Mortgage Corporat
Gmac Mortgage LLC
Special Warranty Deed
—
Sep 19, 2012
—
Gmac Mortgage LLC
Edward R Ramirez
Trustees Deed
related
—
Sep 20, 2006
$153,000
Edward R Ramirez
Craig R Cerise
Warranty Deed
$122,400 · Gmac Mortgage Corp
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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