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Property profile & analytics
OFF-MARKET
Office buildings
771 Main St Fairplay, CO 80440-5278
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-2575732
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1934
Construction
FRAME
Total area
1,752 SF
Lot
0.21 ac (9,148 SF)
APN
R0000297
UPID
US13-2575732
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
-
Alpine First Construction Construction Company
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
Star Sapphire Properties LLC · 10 yrs held
Star Sapphire Properties LLC
since 2016
7 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 Fairplay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairplay 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
$4,297
Tax year 2023
Assessed value
$190,062
Assessed 2023
Previous assessed
$102,370
+85.7% YoY
Effective rate
2.26%
On assessed value
Assessed land
$12,786
Assessed improvement
$177,276
Land market value
$44,089
Improvement market value
$611,297
Total market value
$655,386
Applied tax rate
2.0000
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
1934
Construction
FRAME
Heating
NONE
Buildings
3
Stories
2
Total area
1,752 SF
Lot
0.21 ac (9,148 SF)
APN
R0000297
UPID
US13-2575732
Jurisdiction
PARK
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
1934
Construction
FRAME
Heating
NONE
Stories
2
Buildings
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Star Sapphire Properties LLC
Entity
Mailing address
PO BOX 1962, FAIRPLAY, CO 80440-1962
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2016
$279,000
Star Sapphire Properties LLC
Schinner,paul E & Susan B
Warranty Deed
—
Apr 1, 2010
$238,000
Paul E Schinner
Waldo Investments INC
Grant Deed
—
Dec 1, 2008
—
Waldo Investments INC
Public Trustee Of Park County
Trustees Deed
related
—
Nov 6, 2008
$335,000
Alpine 1st Contruction LLC
Public Trustee Of Park County
Certificate Of Purchase
$300,000
May 22, 2008
—
Israel D Martinez
Alpine 1st Construction LLC
Warranty Deed
—
Feb 21, 2006
$335,000
Alpine 1st Construction LLC
Waldo Investments INC
Warranty Deed
$300,000 · Waldo Investments INC
Nov 16, 2004
$262,500
Waldo Investments INC
Vernon Lake Dev LLC
Warranty Deed
—
Nov 16, 2004
—
Vernon Lake Dev LLC
Kje Investments LLC
Warranty Deed
related
—
Aug 1, 2002
$200,000
Vernon Lake Development LLC
Sell,joe
Grant Deed
$160,000 · Colorado Business Bank NA
—
—
Paul E Schinner
—
Deed Of Trust
related
$233,000 · Schinner Paul E Trust (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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