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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Medical Office Space
816 Royal Gorge Blvd, Canon City, CO 81212-3755
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0694281
Property summary
AI-generated overview
This exceptional Class A office building, located at 816 Royal Gorge Blvd in Cañon City, Colorado, presents a unique investment opportunity. Built in 1888 and meticulously remodeled in 2013, this 6,536 square foot property sits on a 1.583-acre lot and features a new tile roof (2009). The building boasts a versatile layout suitable for various uses, including executive or medical offices, retail, or restaurant space. Its prime location at the intersection of US Highway 50 and Colorado Highway 115 ensures high visibility and accessibility. The property includes 40 convenient parking spaces, with additional parking available for lease. Zoned GC, this single-story building offers unparalleled potential for growth and profitability. The adjacent public park, hosting regular events, provides increased foot traffic and a vibrant atmosphere. The asking price is $1,495,000 ($228.73/sq ft). The property's APN is 99704187. This is a for-sale-by-owner opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1888
Total area
6,536 SF
Lot
0.87 ac (37,941 SF)
APN
99704187
UPID
US13-0694281
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
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.60M
Owner & transaction history
Greater Cannon City Chamber Of Comm · 1 yrs held
Greater Cannon City Chamber Of Comm
since 2024
Last sale
$1.6M
2 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 Canon City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canon City 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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Dec 23 2024)
Last sale anchor
$1.60M
Dec 23 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
$245 / 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
$26,630
Tax year 2023
Assessed value
$311,448
Assessed 2023
Previous assessed
$302,387
+3.0% YoY
Effective rate
8.55%
On assessed value
Total market value
$1,116,301
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1888
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
6,536 SF
Lot
0.87 ac (37,941 SF)
APN
99704187
UPID
US13-0694281
Jurisdiction
FREMONT
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
1888
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Greater Cannon City Chamber Of Comm
Entity
Mailing address
49 CMNS LOOP, KALISPELL, MT 59901-2679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$1,600,000
Greater Cannon City Chamber Of Comm
Bank Of The San Juans
Special Warranty Deed
$550,000 · Bank Of The San Juans
Jun 22, 2011
$244,546
Canon Natl Bk
Public Trustee Of Fremont County
Certificate Of Purchase
related
$250,000
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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