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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Office Spaces
776 2nd Ave Durango, CO 81301-5404
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US13-0642068
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Total area
6,360 SF
Lot
0.09 ac (3,920 SF)
APN
5665-292-27-015
UPID
US13-0642068
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
-
Considine Jr J Michael Law Firm
-
Barr Engineering Co. Environmental Consultant
-
La Plata Open Space Conservancy Charitable Organization Social Service Agency
-
Ecosphere Environmental Services Environmental Consultant
-
Philips and Hards, PC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.74M
Owner & transaction history
Xposure LLC · 17 yrs held
Xposure LLC
since 2008
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10%
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
$274 / 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
$18,328
Tax year 2023
Assessed value
$434,390
Assessed 2023
Previous assessed
$399,550
+8.7% YoY
Effective rate
4.22%
On assessed value
Assessed land
$60,280
Assessed improvement
$374,110
Land market value
$216,060
Improvement market value
$1,340,880
Total market value
$1,556,940
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
1965
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Bathrooms
5
Total area
6,360 SF
Lot
0.09 ac (3,920 SF)
APN
5665-292-27-015
UPID
US13-0642068
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Xposure LLC
Entity
Mailing address
776 E 2ND AVE #201, DURANGO, CO 81301-5404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
Xposure LLC
—
Deed
related
$100,000 · Bank Of Co
Aug 27, 2014
—
Xposure LLC
—
Trustees Deed
related
$1,387,500 · Bank Of Co
Sep 23, 2011
—
Xposure LLC
—
Trustees Deed
related
$250,000 · Bank Of Colorado
Oct 30, 2008
$889,000
Xposure LLC
Bourjaily,neil A & Martha R
Warranty Deed
$711,200 · Bank Of Colorado
Jul 27, 2006
$675,000
Neil A Bourjaily
Ricedorff,donald N
Warranty Deed
$506,250 · Bank Of Colorado
May 13, 2005
$531,100
Donald N Ricedorff
Trees Will Clap LLC
Warranty Deed
—
Jul 1, 2002
—
Trees Will Clap LLC
Rise & Walk LLC
Grant Deed
related
—
Apr 17, 2000
$435,000
Rise LP
Odaniel,erin S
Grant Deed
—
—
—
Xposure LLC
—
Deed Of Trust
related
$100,000 · Bank Of Co
—
—
Xposure LLC
—
Deed Of Trust
related
$105,000 · Bank Of Colorado
—
—
Xposure LLC
—
Deed Of Trust
related
$894,560 · Bank Of Colorado
—
—
Xposure LLC
—
Loan Modification
related
—
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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