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    Bluebird Real Estate

    211 Elk Ave, PO Box 1788, Crested Butte, CO 81224
    (970) 349-6691
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
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    Listings

    For Sale (68)

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    Versatile Office Space Near Elk Avenue
    $949,000
    1,925 SF

    Versatile Office Space Near Elk Avenue

    1925 SF office space in Crested Butte's Historic District.

    214 6 St, Crested Butte, CO 81224
    View details
    Crested Butte Retail/Commercial Unit
    $507,000
    564 SF

    Crested Butte Retail/Commercial Unit

    564 SF retail/commercial unit in the heart of Crested Butte.

    309 Belleview - #1-A, Crested Butte, CO 81224
    View details
    Retail Unit in Crested Butte
    $530,000
    573 SF

    Retail Unit in Crested Butte

    573 SF retail unit in the heart of Crested Butte.

    309 Belleview - #1-B, Crested Butte, CO 81224
    View details
    Mixed-Use Property in Gunnison, CO
    $1,800,000
    3,534 SF

    Mixed-Use Property in Gunnison, CO

    Versatile commercial space with two residential units in Gunnison.

    322 N Main St, Gunnison, CO 81230
    View details
    Homesite with Mountain Views
    $550,000
    0.41 Acres

    Homesite with Mountain Views

    Vacant .41-acre homesite with expansive mountain views.

    45 Cascadilla St, Crested Butte, CO 81224
    View details
    Crested Butte Multi-Use Building
    $3,000,000
    4,073 SF

    Crested Butte Multi-Use Building

    Multi-unit building with commercial and residential spaces in Crested Butte.

    309 Belleview Ave, Crested Butte, CO 81224
    View details
    Gunnison Office Building For Sale
    $875,000
    4,971 SF

    Gunnison Office Building For Sale

    Spacious office building in Gunnison's Core Business District.

    130 E Virginia Ave, Gunnison, CO 81230
    View details
    Homesite with Valley and Mountain Views
    $235,000
    0.34 Acres

    Homesite with Valley and Mountain Views

    Homesite with views near commercial district and outdoor activities.

    876 Zeligman St, Crested Butte, CO 81224
    View details
    Premium Parcel in Mt. Crested Butte
    $600,000
    0.78 Acres

    Premium Parcel in Mt. Crested Butte

    Buildable parcel near Crested Butte Mountain Resort.

    41 Whetstone Rd, Crested Butte, CO 81225
    View details
    Tranquil 35-Acre Mountain Ranch Parcel
    $715,000
    35.10 Acres

    Tranquil 35-Acre Mountain Ranch Parcel

    35-acre parcel with views near Crested Butte.

    1363 Red Mtn Rnch Rd, Crested Butte, CO 81224
    View details
    Gunnison Commercial/Industrial Property with Residence
    $1,650,000
    2,396 SF

    Gunnison Commercial/Industrial Property with Residence

    2+ acres with shop, yard, and renovated 4-bedroom home.

    43950 Us Highway 50, Gunnison, CO 81230
    View details
    Oversized Homesite with Mountain Views
    $269,000
    0.50 Acres

    Oversized Homesite with Mountain Views

    Homesite with mountain views and community amenities in Crested Butte.

    10 Huckeby Way, Crested Butte, CO 81224
    View details
    Victorian Fiveplex Near Western University
    $825,000
    3,841 SF

    Victorian Fiveplex Near Western University

    Historic Victorian fiveplex with strong rental history near Western University.

    518 E Georgia Ave, Gunnison, CO 81230
    View details
    Scenic Lot Near Downtown Gunnison
    $359,000
    1.40 Acres

    Scenic Lot Near Downtown Gunnison

    1.399-acre lot with fishing access and mountain views.

    Tbd Chinook Trl, Gunnison, CO 81230
    View details
    Crested Butte Office Space
    $625,000
    829 SF

    Crested Butte Office Space

    Excellent street-level office space in Crested Butte's best commercial building.

    426 Belleview Ave, Crested Butte, CO 81224
    View details
    Gunnison Industrial Land Opportunity
    $485,000
    0.22 Acres

    Gunnison Industrial Land Opportunity

    Prime industrial-zoned lots near airport and downtown Gunnison.

    12Th St, Gunnison, CO 81230
    View details
    Versatile Mixed-Use Property in Crested Butte
    $599,000
    989 SF

    Versatile Mixed-Use Property in Crested Butte

    Unique property with office space and residential condo in downtown.

    503 Red Lady Ave, Crested Butte, CO 81224
    View details
    Crested Butte Retail/Office Unit
    $697,000
    820 SF

    Crested Butte Retail/Office Unit

    820 SF retail/office space in the heart of Crested Butte.

    309 Belleview - #1-C, Crested Butte, CO 81224
    View details
    Gunnison Industrial Development Opportunity
    $580,197
    1.57 Acres

    Gunnison Industrial Development Opportunity

    Prime industrial lots available near Highway 50 in Gunnison.

    200 Griffing Rd, Gunnison, CO 81230
    View details
    Gunnison Industrial Development Opportunity
    $1,036,728
    2.80 Acres

    Gunnison Industrial Development Opportunity

    Industrial and Light Industrial lots available near Highway 50.

    300 Griffing Rd, Gunnison, CO 81230
    View details
    Gunnison Industrial Development Opportunity
    $532,804
    1.44 Acres

    Gunnison Industrial Development Opportunity

    Industrial and Light Industrial development opportunities with Highway 50 frontage.

    230 Griffing Rd, Gunnison, CO 81230
    View details
    Gunnison Industrial Development Opportunity
    $780,878
    2.11 Acres

    Gunnison Industrial Development Opportunity

    Prime industrial lots available near Highway 50, Gunnison.

    301 Griffing Rd, Gunnison, CO 81230
    View details
    Gunnison Industrial Development Opportunity
    $659,063
    1.78 Acres

    Gunnison Industrial Development Opportunity

    Prime industrial and light industrial lots available near Highway 50.

    351 Griffing Rd, Gunnison, CO 81230
    View details
    Residential Lot with Panoramic Views
    $600,000
    0.64 Acres

    Residential Lot with Panoramic Views

    Residential lot in Mt. Crested Butte with unobstructed views.

    16 Summit Rd, Mount Crested Butte, CO 81225
    View details
    Gunnison Office Building on Main
    $1,250,000
    3,301 SF

    Gunnison Office Building on Main

    Historic office building with modern amenities on Main Street.

    104 W Ruby Ave, Gunnison, CO 81230
    View details
    Desirable Fourplex Near Downtown, University
    $1,295,000
    3,757 SF

    Desirable Fourplex Near Downtown, University

    Well-maintained fourplex near downtown and university in Gunnison, Colorado.

    216 N Taylor St, Gunnison, CO 81230
    View details
    Ready-to-Build Land with Mountain Views
    $249,000
    3.88 Acres

    Ready-to-Build Land with Mountain Views

    3.88-acre parcel equipped for immediate development in Lake City, CO.

    6 Alpine Vista Ct, Lake City, CO 81235
    View details
    Homesite in Buckhorn Ranch
    $250,000
    0.14 Acres

    Homesite in Buckhorn Ranch

    Homesite with mountain views and neighborhood amenities near downtown.

    83 White Stallion Cir, Crested Butte, CO 81224
    View details
    Crested Butte Homesite with Views
    $149,000
    0.36 Acres

    Crested Butte Homesite with Views

    Homesite with panoramic mountain views in sought-after Crested Butte South.

    3726 Bryant Ave, Crested Butte, CO 81224
    View details
    Gunnison Riverfront Acre Homesite
    $325,000
    1.00 Acre

    Gunnison Riverfront Acre Homesite

    Acre homesite in exclusive Riverwalk Estates community.

    199 Kokanee Ct, Gunnison, CO 81230
    View details
    Ready Mountain Retreat Land Parcel
    $430,000
    35.75 Acres

    Ready Mountain Retreat Land Parcel

    35+/- acre mountain property with groundwork in place.

    6001 County Road 25, Powderhorn, CO 81243
    View details
    Development-Ready Property in Gunnison, CO
    $299,000
    0.53 Acres

    Development-Ready Property in Gunnison, CO

    Development-ready property with plans for up to seven residential units.

    S 6Th St, Gunnison, CO 81230
    View details
    Mixed-Use Property in Crested Butte
    $699,000
    1,347 SF

    Mixed-Use Property in Crested Butte

    Commercial space and long-term rental condo in prime location.

    611 3 St, Crested Butte, CO 81224
    View details
    Crested Butte Residential Land
    $155,000
    0.33 Acres

    Crested Butte Residential Land

    Hillside lot with views in Crested Butte, Colorado.

    263 Anderson Dr, Crested Butte, CO 81224
    View details
    Mixed-Use Property in Crested Butte
    $1,350,000
    2,099 SF

    Mixed-Use Property in Crested Butte

    Multi-use property with retail and residential space in prime location.

    428 Elk Ave, Crested Butte, CO 81224
    View details
    Crested Butte Residential Land
    $1,195,000
    0.20 Acres

    Crested Butte Residential Land

    20-acre residential lot with mountain views in Crested Butte.

    57 Augusta Dr, Crested Butte, CO 81224
    View details
    Ski-In/Ski-Out Residential Land
    $795,000
    0.41 Acres

    Ski-In/Ski-Out Residential Land

    Residential land with ski-in/ski-out access in Mt. Crested Butte.

    6 Lapis Ln, Crested Butte, CO 81225
    View details
    Crested Butte Residential Lot
    $1,295,000
    0.20 Acres

    Crested Butte Residential Lot

    Corner lot with mountain views in Augusta Park neighborhood.

    55 Pyramid Ave, Crested Butte, CO 81224
    View details
    Crested Butte Residential Land Parcel
    $865,000
    0.82 Acres

    Crested Butte Residential Land Parcel

    0.82-acre residential land with mountain views near Slate River.

    168 Silver Sage Dr, Crested Butte, CO 81224
    View details
    Versatile Lot in Crested Butte
    $650,000
    0.33 Acres

    Versatile Lot in Crested Butte

    0.33-acre lot in the heart of Crested Butte South.

    257 Gillaspey Ave, Crested Butte, CO 81224
    View details
    Versatile Commercial Lot in Crested Butte
    $650,000
    0.33 Acres

    Versatile Commercial Lot in Crested Butte

    Undeveloped 0.33-acre lot in the heart of Crested Butte South.

    257 Gillaspey Ave, Crested Butte, CO 81224
    View details
    Crested Butte Homesite with Views
    $339,000
    0.33 Acres

    Crested Butte Homesite with Views

    Buildable lot with utilities and mountain views near recreation.

    39 Ln East, Crested Butte, CO 81224
    View details
    Gunnison Mountain Property with Creek
    $365,000
    4.12 Acres

    Gunnison Mountain Property with Creek

    4+ acre mountain property with creek access near West Elk.

    617 Sioux Rd, Gunnison, CO 81230
    View details
    Ski-In/Ski-Out Residential Lot
    $745,000
    0.34 Acres

    Ski-In/Ski-Out Residential Lot

    Residential lot with ski-in/ski-out access in Mt. Crested Butte.

    4 Lapis Ln, Crested Butte, CO 81225
    View details
    Gunnison Home Site with Views
    $185,000
    2.50 Acres

    Gunnison Home Site with Views

    2.5-acre home site with panoramic mountain views near downtown.

    405 Sequoia Dr, Gunnison, CO 81230
    View details
    Lake City Mountain Homesite
    $240,000
    3.49 Acres

    Lake City Mountain Homesite

    3.49-acre homesite with views, well, and utilities in Lake City.

    10 Alpine Vista Way, Lake City, CO 81235
    View details
    Crested Butte Homesite Opportunity
    $599,000
    1.10 Acres

    Crested Butte Homesite Opportunity

    1.1-acre homesite near downtown Crested Butte and outdoor recreation.

    389 Meadow Dr, Crested Butte, CO 81224
    View details
    Crested Butte Homesite with Mountain Views
    $295,000
    0.35 Acres

    Crested Butte Homesite with Mountain Views

    Gently sloping homesite with unobstructed views in Crested Butte South.

    226 Cisneros Ln, Crested Butte, CO 81224
    View details
    Gunnison County Mountain View Homesite
    $99,000
    1.20 Acres

    Gunnison County Mountain View Homesite

    Mountaintop homesite with views near Cranor Ski Hill, Gunnison, Colorado.

    39 Sequoia Dr, Gunnison, CO 81230
    View details
    Gunnison County Mountain View Homesite
    $99,000
    1.20 Acres

    Gunnison County Mountain View Homesite

    Residential homesite with mountain and valley views near Cranor Ski Hill.

    37 Sequoia Dr, Gunnison, CO 81230
    View details
    Ski-In/Ski-Out Residential Lot
    $695,000
    0.35 Acres

    Ski-In/Ski-Out Residential Lot

    Residential lot with ski-in/ski-out access in Mt. Crested Butte.

    2 Lapis Ln, Crested Butte, CO 81225
    View details
    Crested Butte Runway Access Lot
    $549,000
    1.20 Acres

    Crested Butte Runway Access Lot

    1.2-acre lot with runway access and mountain views.

    679 S Avion Dr, Crested Butte, CO 81224
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    Crested Butte Homesite Opportunity
    $275,000
    0.17 Acres

    Crested Butte Homesite Opportunity

    Level homesite with mountain views in growing Crested Butte community.

    34 Appaloosa Ln, Crested Butte, CO 81224
    View details
    Crested Butte Residential Land
    $319,000
    0.33 Acres

    Crested Butte Residential Land

    Build your dream home with mountain views in Crested Butte.

    462 Anderson Dr, Crested Butte, CO 81224
    View details
    Crested Butte South Residential Parcel
    $295,000
    0.33 Acres

    Crested Butte South Residential Parcel

    0.33-acre parcel with panoramic mountain views and community amenities.

    398 Cisneros Ln, Crested Butte, CO 81224
    View details
    Vacant Mountain Land Near Blue Mesa
    $350,000
    35.11 Acres

    Vacant Mountain Land Near Blue Mesa

    35.11-acre mountain property with well, electric, and recreational opportunities.

    14111 County Road 26, Gunnison, CO 81230
    View details
    Parlin, CO Land with Creek
    $395,000
    12.40 Acres

    Parlin, CO Land with Creek

    12.4 acre homesite on Quartz Creek near Gunnison.

    32 Bench Rd, Parlin, CO 81239
    View details
    35 Acres in Red Mountain Ranch
    $795,000
    35.10 Acres

    35 Acres in Red Mountain Ranch

    35-acre parcel in gated community near Crested Butte, Colorado.

    2234 Red Mtn Rnch Rd, Crested Butte, CO 81224
    View details
    Gunnison Riverfront Residential Lot
    $425,000
    1.79 Acres

    Gunnison Riverfront Residential Lot

    1.79-acre residential lot with Gunnison River frontage and community amenities.

    255 Riverwalk Dr, Gunnison, CO 81230
    View details
    Gunnison Industrial Zone Flex Space
    $1,450,000
    5,724 SF

    Gunnison Industrial Zone Flex Space

    Industrial flex space with secure yard in Gunnison, Colorado.

    601 S 10Th St, Gunnison, CO 81230
    View details
    Established Event Rental Business
    $389,000
    4,000 SF

    Established Event Rental Business

    Event rental company serving the Gunnison Valley for sale.

    80 Buckley Dr, Crested Butte, CO 81224
    View details
    Colorado Mountain Land with Views
    $425,000
    5.00 Acres

    Colorado Mountain Land with Views

    Five-acre homesite with panoramic views near Gunnison and Crested Butte.

    1100 Castle Dr, Gunnison, CO 81230
    View details
    Almont Land with Mountain Views
    $400,000
    47.29 Acres

    Almont Land with Mountain Views

    47+ acre homesite in Danni Ranch with premier amenities.

    901 Red Mountain Rd, Almont, CO 81210
    View details
    Riverwalk Homesite with Mountain Views
    $2,059,000
    35.06 Acres

    Riverwalk Homesite with Mountain Views

    Homesite with pond access, river access, and mountain views.

    88 Caddis Dr, Crested Butte, CO 81224
    View details
    Crested Butte Residential Lot
    $249,000
    0.24 Acres

    Crested Butte Residential Lot

    0.24-acre lot with mountain views and building potential.

    162 Bryant Ave, Crested Butte, CO 81224
    View details
    Gunnison Live/Work Property with Shop
    $1,650,000
    2,396 SF

    Gunnison Live/Work Property with Shop

    Renovated home and shop on 2+ acres near Gunnison.

    43950 Us Highway 50, Gunnison, CO 81230
    View details
    Crested Butte Retail Unit
    $507,000
    564 SF

    Crested Butte Retail Unit

    564 SF retail unit in Crested Butte's commercial district.

    309 Belleview Ave, Crested Butte, CO 81224
    View details
    Gunnison Industrial Development Opportunities
    $659,063

    Gunnison Industrial Development Opportunities

    Industrial and Light Industrial development opportunities near Highway 50.

    351 Griffing Rd, Gunnison, CO 81230
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Bluebird Real Estate
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