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    69 Park Ave Pagosa Springs, CO 81147-0527
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    Property profile & analytics

    69 Park Ave, Pagosa Springs, CO 81147-0527

    View on Map
    • Super regional malls
    • 1,800 SF
    • 0.60 lot acres
    Off-Market
    Last Sale Feb 29, 2024
    Property ID
    US13-1851688
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 69 Park Ave

    Year built
    2013
    Lot size
    0.60 lot acres
    Zone code
    PLANNED UNIT DEVELOPMENT
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    569920318011
    APU
    569920318011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 29, 2024 — Gavin Ross Karen D Ross Beneficiary Deed · related —
    Nov 18, 2019 — Karen D Ross — Deed · related $35k · Tbk Bank Ssb
    Aug 14, 2013 — Reams Consttuction Co Carl Alan Flint Warranty Deed —
    Aug 13, 2013 $23,000 Karen D Ross Reams Construction Co Warranty Deed —
    Dec 7, 2009 $85,000 Reams Construction Co Carl Alan Flint Warranty Deed —
    Jan 31, 2008 $65,000 Whispering Pines Company INC Pat Alley Quit Claim Deed · related —
    Mar 29, 2007 $81,500 Pat Alley William L Hodkin Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pagosa Springs
    County
    Archuleta
    State
    Colorado
    Longitude
    -107.089
    Latitude
    37.2498

    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
    $1,780
    $10,880
    $19,610
    $30,490
    -
    $39,000
    $70,280
    $109,280

    Comparable in this City

    • Value Estimation
      $685,000
      2,400 SF

      576 County Rd 400

      REGIONAL SHOPPING CENTER, MALL
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    • Value Estimation
      $1,500,000
      2,500 SF

      1868 Majestic Dr, Unit B

      REGIONAL SHOPPING CENTER, MALL
      1868 Majestic Dr, Pagosa Springs, CO 81147-8429
      View Details
    • Value Estimation by Request
      2,600 SF

      333 Bastille Dr, Unit A

      REGIONAL SHOPPING CENTER, MALL
      333 Bastille Dr, Pagosa Springs, CO 81147-9269
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    • Value Estimation
      $555,000
      20,325 SF

      105 Country Ctr Dr, Unit A

      SHOPPING CENTER, STRIP CENTER
      105 Country Ctr Dr, Pagosa Springs, CO 81147-0759
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    • Value Estimation by Request
      7,669 SF

      124 Pagosa St

      SHOPPING CENTER, STRIP CENTER
      124 Pagosa St, Pagosa Springs, CO 81147
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    • Value Estimation by Request
      1,200 SF

      9974 Hwy 160

      SHOPPING CENTER, STRIP CENTER
      9974 Hwy 160, Pagosa Springs, CO 81147-9838
      View Details

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      Retail Space in Pagosa Springs

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      Pagosa Springs Commercial Opportunity

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    Similar Nearby for Lease

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      Pagosa Springs Retail Space Available

      Retail and restaurant spaces available in Pagosa Springs shopping center.
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    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,930 to 15,554 SqFt.
      165 Country Center Dr, Pagosa Springs, CO 81147
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    • $4 SF/Yr
      100,000 SF

      Fort Worth Area Food Warehouse

      Food warehouse with highway frontage and central location.
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      View Details
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    Pagosa Springs, CO 81147-0527
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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