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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Office buildings
823 Grand Ave Glenwood Springs, CO 81601-3403
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-0784894
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
METAL FRAME
Total area
13,908 SF
Lot
0.08 ac (3,700 SF)
APN
218509411012
UPID
US13-0784894
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
$2.39M
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.44M
Owner & transaction history
823 Grand Ave LLC · 3 yrs held
823 Grand Ave LLC
since 2022
Last sale
$2.5M
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 Glenwood Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenwood Springs 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
$2,415,000
ML approach
$2,385,000
CAP Approach
CAP Return
Estimation
6%
$3,500,000
6.5%
$3,235,000
7%
$3,000,000
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $2.48M (Aug 1 2022)
Last sale anchor
$2.48M
Aug 1 2022
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
$175 / 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
$24,899
Tax year 2023
Assessed value
$335,810
Assessed 2023
Previous assessed
$377,870
-11.1% YoY
Effective rate
7.41%
On assessed value
Assessed land
$123,880
Assessed improvement
$211,930
Land market value
$444,000
Improvement market value
$759,610
Total market value
$1,203,610
Applied tax rate
32.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
6
Total area
13,908 SF
Lot
0.08 ac (3,700 SF)
APN
218509411012
UPID
US13-0784894
Jurisdiction
GARFIELD
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
2008
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
823 Grand Ave LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 2373, BASALT, CO 81621-2373
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$2,475,000
823 Grand Ave LLC
Wannon 78 LLC
Special Warranty Deed
—
Jun 27, 2018
—
Wannon 78 LLC
—
Deed
related
$975,000 · Bank Of Co
Nov 30, 2012
$1,150,000
Wannon 78 LLC
Klm Properties INC
Warranty Deed
$950,000 · Bank Of Colorado
Jan 12, 2006
—
Klm Properties INC
—
Trustees Deed
related
$150,000 · Bank Of Colorado
—
—
Klm Properties INC
—
Deed Of Trust
related
$1,191,086 · Bank Of Colorado
—
—
Klm Properties INC
—
Deed Of Trust
related
$1,195,782 · Bank Of Colorado
—
—
Wannon 78 LLC
—
Deed Of Trust
related
$975,000 · Bank Of Co
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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