A development firm running a brokerage
Gourmet Real Estate did not start as a residential brokerage that expanded into development. It went the other way. The firm has spent three decades acquiring land, entitling it, developing it, and selling the homes built on it, across 41 Colorado communities.
That order of operations changes how a property gets evaluated. A parcel is not a listing, it is a yield question. An investment property is not a set of comparable sales, it is a cash flow model with assumptions in it that can be tested. A home with an oversized lot in a jurisdiction that permits accessory dwellings is worth something different from an identical home in a jurisdiction that does not.
Who is on the analysis
A CPA and Certified Internal Auditor who began her career at PwC and spent roughly six years on financial reporting for public companies. When a deal rests on a pro forma, she asks which assumptions it rests on and what happens to the return when two of them move at once.
A professional engineer licensed in Colorado, Minnesota, North Dakota, and Utah, who also runs a civil engineering practice. On land, he can say what a site will demand in grading, drainage, stormwater, and utilities before a client is committed to finding out.
The employing broker has run sales and marketing across the firm’s portfolio, including the pricing and absorption work that determines what finished product sells for.
Full backgrounds are on the team page.
What we handle
Residential. Buying and selling homes across the Denver metro and the Front Range. Most useful where value turns on something other than comparable sales.
Land. Raw ground, entitled lots, and parcels with development potential. This is the closest to the firm’s core, and where the combination of engineering and development experience matters most. See land acquisition for the advisory side of this work.
Commercial. Investment and owner-user property, evaluated as a cash flow instrument.
Investor representation. Clients building a portfolio, where the recurring questions are about cash flow, financing structure, and which assumptions in a proforma are load-bearing.
How we work
We would rather turn down an engagement than take one we are not right for. The firm is small and the value is in the analysis, which does not scale by adding transactions.
For most clients the first conversation is diagnostic. What is the property, what is the objective, and what would have to be true for this to work. If the answer is that it does not work, that is a useful answer and it is cheaper to reach before the offer than after.
Gourmet Real Estate holds Colorado employing broker license EC.040041562. Individual licenses are listed on each broker’s page and can be verified through the Colorado Division of Real Estate.
