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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Office Spaces
755 2nd Ave Durango, CO 81301-5498
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-1160752
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1893
Total area
7,103 SF
Lot
0.14 ac (6,273 SF)
APN
5665-292-26-006
UPID
US13-1160752
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
-
Animas Acupuncture Medical Clinic Alternative Medicine Practice
-
Dr. Mark D. Fallon Cyr, MD Physician Medical Clinic
-
DeVere Keen Gamble Alternative Medicine Practice Spa & Massage Center
-
Madeen Interior Design Interior Design Home Decor Store
-
Deep Creative Living Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.59M
Owner & transaction history
Lnr Brown LLC · 1 yrs held
Lnr Brown LLC
since 2025
Last sale
$1.7M
4 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 Durango submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durango 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
$1,515,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.65M (Jan 7 2025)
Last sale anchor
$1.65M
Jan 7 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
$224 / 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
$12,830
Tax year 2023
Assessed value
$304,090
Assessed 2023
Previous assessed
$279,590
+8.8% YoY
Effective rate
4.22%
On assessed value
Assessed land
$105,460
Assessed improvement
$198,630
Land market value
$377,990
Improvement market value
$711,920
Total market value
$1,089,910
Applied tax rate
1,186.0000
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
1893
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
6
Total area
7,103 SF
Lot
0.14 ac (6,273 SF)
APN
5665-292-26-006
UPID
US13-1160752
Jurisdiction
LA PLATA
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
1893
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
Lnr Brown LLC
Entity
Mailing address
1245 12TH ST PL, DURANGO, CO 81301-5350
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
$1,650,000
Lnr Brown LLC
Moon Hill LLC
Special Warranty Deed
$650,000 · Alpine Bank
Jan 2, 2008
—
Moon Hill LLC
Dudley,henry C & Margaret K
Quit Claim Deed
related
—
Dec 17, 2007
—
Moon Hill LLC
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 14, 2000
$665,000
Margaret K Dudley
Weathers,kenneth M & Mandy J
Grant 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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