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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Warehouses
66 Industrial Cir Pagosa Springs, CO 81147
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-2061472
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2013
Total area
5,400 SF
Lot
1.3 ac (56,628 SF)
Zoning code
INDUSTRIAL
APN
569909203009
UPID
US13-2061472
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
$800k
Owner & transaction history
Wayne A Alexander · 1 yrs held
Wayne A Alexander
since 2025
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · Pagosa Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+164.7%
Restaurant
$755,000
+90.5%
Retail stores
$695,000
+75.5%
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 Pagosa Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pagosa Springs 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,050,000
Change: +165% · Conversion: Difficult
RESTAURANT
$755,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +76% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Apr 9 2024)
Last sale anchor
$800k
Apr 9 2024
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
$148 / 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
$3,592
Tax year 2023
Assessed value
$61,860
Assessed 2023
Previous assessed
$47,040
+31.5% YoY
Effective rate
5.81%
On assessed value
Assessed land
$39,500
Assessed improvement
$22,360
Land market value
$141,570
Improvement market value
$80,160
Total market value
$221,730
Applied tax rate
50.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
5,400 SF
Lot
1.3 ac (56,628 SF)
Zoning code
INDUSTRIAL
APN
569909203009
UPID
US13-2061472
Jurisdiction
ARCHULETA
Zoning & alternative use
INDUSTRIAL · Pagosa Springs, CO
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · Pagosa Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pagosa Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$755,000
RETAIL STORES
Est. value
$695,000
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
2013
Heating
NONE
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Wayne A Alexander
Individual
Mailing address
74 BUTTERCUP DR, PAGOSA SPRINGS, CO 81147-7799
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
$1,300,000
Wayne A Alexander
Mcinnis Family Trust
Warranty Deed
—
Jul 9, 2024
$800,000
Mcinnis Family Trust
Tim Brown
Special Warranty Deed
—
Sep 14, 2023
—
Jessica Brown Tully
Tim Brown
Beneficiary Deed
related
—
Jun 14, 2019
—
Tim Brown
Tim Brown
Intrafamily Transfer
related
$250,000 · Bank Of Colorado
Jun 13, 2018
—
Tim Brown
—
Deed
related
$250,000 · Citizens Bank Of Pagosa Springs
Dec 19, 2011
$25,000
Tim Brown
Bank Of The San Joans
Special Warranty Deed
$18,750 · Bank Of The San Juans
Mar 23, 2010
—
Bank Of The San Juas
Cheryl Mcmillan
Trustees Deed
related
—
May 25, 2007
$134,400
Chery Mcmillan
Edward F Ayala
Warranty Deed
$101,647 · Bank Of The San Juans
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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