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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
88 Hwy 105 Palmer Lake, CO 80133-9045
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1701041
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
WOOD FRAME
Total area
1,222 SF
Lot
0.27 ac (11,766 SF)
Zoning code
CC
APN
7105403017
UPID
US13-1701041
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$395k
Blend (final)
Blend
$535k
Owner & transaction history
Twin Flame LLC · 2 yrs held
Twin Flame LLC
since 2023
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
CC · Palmer Lake, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of CC zone is to provide restaurants, service establishments, commercial (business) offices, retail stores, medical and dental clinics offices
Zone name
Convenience Commercial Zone
General category
COMMERCIAL
Zone area
26.38 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$415,000
+56.4%
Neighborhood: shopping center
$340,000
+27.7%
Auto repair, garage
$330,000
+25.1%
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 Palmer Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer Lake 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
$560,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$415,000
Change: +56% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$340,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$330,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $525k (Sep 1 2023)
Last sale anchor
$525k
Sep 1 2023
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
$438 / 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
$6,160
Tax year 2023
Assessed value
$97,650
Assessed 2023
Previous assessed
$97,650
+0.0% YoY
Effective rate
6.31%
On assessed value
Assessed land
$17,890
Assessed improvement
$79,760
Land market value
$64,125
Improvement market value
$285,875
Total market value
$350,000
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
2003
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
1,222 SF
Lot
0.27 ac (11,766 SF)
Zoning code
CC
APN
7105403017
UPID
US13-1701041
Jurisdiction
EL PASO
Zoning & alternative use
CC · Palmer Lake, COZoning CC · permitted uses
CC · Palmer Lake, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of CC zone is to provide restaurants, service establishments, commercial (business) offices, retail stores, medical and dental clinics offices
Zone name
Convenience Commercial Zone
General category
COMMERCIAL
Zone area
26.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$415,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$340,000
AUTO REPAIR, GARAGE
Est. value
$330,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Twin Flame LLC
Entity
Mailing address
19858 CHISHOLM TRL, MONUMENT, CO 80132-3407
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
—
Twin Flame LLC
—
Deed
related
$217,000 · Colorado Lending Source Ltd
Sep 1, 2023
$525,000
Twin Flame LLC
Lkr Property Management LLC
Warranty Deed
$262,500 · Anb Bank
Jun 22, 2006
—
Lkr Property Management LLC
Ross,david W & Linda K
Quit Claim Deed
related
—
Apr 14, 2006
$325,000
David W Ross
Clark,gary & Margaret
Warranty Deed
—
May 23, 2003
$53,000
Margaret Clark
Smith,douglas D & Kathleen M
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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