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Property profile & analytics
FOR SALE
Office buildings
953 Park Ave Pagosa Springs, CO 81147
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1895572
For Sale
1 / 12
$275,000
953 Park Ave, Pagosa Springs, CO 81147
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
2,000 SF
Lot
1.02 ac (44,431 SF)
APN
569920152032
UPID
US13-1895572
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
-
Style Ranch Salon Hair Salon
-
Forrest Tails Animal Training
-
Altitude Defense, Inc Gun Shop Cigar Shop
-
Elam Construction Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$515k
Owner & transaction history
Michael Bruce Whitcomb Revocable Tr · 2 yrs held
Michael Bruce Whitcomb Revocable Tr
since 2023
Last sale
$485,000
6 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 Pagosa Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pagosa 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
$510,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $485k (Sep 28 2023)
Last sale anchor
$485k
Sep 28 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
$258 / 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
$6,911
Tax year 2023
Assessed value
$115,280
Assessed 2023
Previous assessed
$119,600
-3.6% YoY
Effective rate
5.99%
On assessed value
Assessed land
$25,340
Assessed improvement
$89,940
Land market value
$90,830
Improvement market value
$322,360
Total market value
$413,190
Applied tax rate
5.0000
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
For Sale
Year built
2002
Heating
RADIANT
Buildings
3
Stories
1
Total area
2,000 SF
Lot
1.02 ac (44,431 SF)
APN
569920152032
UPID
US13-1895572
Jurisdiction
ARCHULETA
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
2002
Heating
RADIANT
Stories
1
Buildings
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Michael Bruce Whitcomb Revocable Tr
Individual
Mailing address
583 EATON WAY, HESPERUS, CO 81326-8727
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Michael Bruce Whitcomb Revocable Tr
Michael Whitcomb
Beneficiary Deed
related
—
Jul 20, 2018
$485,000
Michael Whitcomb
Ted V Clark
Warranty Deed
—
Jun 21, 2016
—
Ted V Clark
—
Deed
related
$200,000 · Janis L Pretti Etal
Apr 11, 2016
$304,000
Ted V Clark
Schlather Enterprises Ltd
Warranty Deed
$280,000 · Teresa B Buffington Etal
Jun 30, 2009
$330,000
Schlather Enterprises Ltd
Citizens Bank Of Pagosa Springs
Special Warranty Deed
—
Aug 25, 2008
—
Citizens Bank Of Pagosa Springs
Linda D Paskey
Trustees Deed
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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