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    The Largest CRE Database in the US with Over 1 Million Listings

    Justin Osborn, Durango, CO

    License ID: FA.040029125
    Years of Experience
    21
    Association
    Durango Area Assocation Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (970) 259-6680
    Office Address:
    1130 Main Avenue, Durango, CO 81301

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    18
    Total transactions
    383
    Total transactions amount
    $181M
    Price range
    $179.9k - 2.3M
    Average price
    $473k

    Listings

    For Sale (18)

    View map
    • $270,000
      11.06 Acres

      Durango Homesite with Water Well

      Large 11+ acre lot with water well access.
      239 Hawks Vw Dr, Durango, CO 81303
      View Details
    • $459,900
      0.45 Acres

      Durango Residential Lot Near Purgatory

      Residential lot with utilities, near Purgatory Resort, seller financing available.
      256 Snowden Dr, Durango, CO 81301
      View Details
    • $299,500
      8.00 Acres

      Silverton Mining Claim with Creek

      8-acre mining claim with creek access, buildable, seasonal access.
      Tbd Rd 51, Silverton, CO 81433
      View Details
    • $3,495,000
      71.00 Acres

      71 Acres with Navajo River Access

      71 acres near San Juan National Forest with fishing access.
      Tbd County Rd 382, Pagosa Springs, CO 81128
      View Details
    • $2,995,000
      5,950 SF

      Durango Multi-Use Investment Opportunity

      5.62 acres with gas station, motel, and retail.
      28870 Highway 160 E, Durango, CO 81303
      View Details
    • $1,695,000
      35.00 Acres

      35 Acres with Navajo River Fishing

      35 acres near San Juan Forest with private fishing.
      Tbd County Rd 382, Pagosa Springs, CO 81128
      View Details
    • $699,900
      0.60 Acres

      Durango Residential Lot with Views

      Large lot with mountain views, utilities, and resort access.
      256 Snowden Dr, Durango, CO 81301
      View Details
    • $5,000,000
      377.00 Acres

      Durango Land Development Opportunity

      377-acre mixed-use development opportunity near Animas Airpark and Durango.
      Tbd Air Park Dr, Durango, CO 81303
      View Details
    • $160,000
      25.04 Acres

      25-Acre Mining Claim in Silverton

      25-acre mining claim with creek access near Minniehaha Mine.
      Tbd Rd 51, Silverton, CO 81433
      View Details
    • $1,895,000
      5,749 SF

      Durango Suites & Salons

      Commercial space in the heart of Durango.
      2929 Main Ave, Durango, CO 81301
      View Details
    • New
      $195,000
      5.36 Acres

      Durango Homesite with Water Well

      5.36-acre lot with water well and electric access.
      453 Sunrise Blvd, Durango, CO 81303
      View Details
    • New
      $185,000
      4.51 Acres

      Durango Residential Lot with Views

      4.51-acre residential lot with mountain views and utilities.
      413 Sunrise Blvd, Durango, CO 81303
      View Details
    • New
      $185,000
      4.74 Acres

      Durango Residential Land with Views

      4.74-acre residential lot with mountain views and utilities.
      347 Sunrise Blvd, Durango, CO 81303
      View Details
    • New
      $180,000
      4.34 Acres

      Buildable Lot on Florida Mesa

      Affordable homesite with water well access and electricity.
      225 Sunrise Blvd, Durango, CO 81303
      View Details
    • $2,400,000
      25.00 Acres

      25 Acres Development Opportunity, Durango

      25 acres near Durango city limits, development potential.
      455 High Llama Ln, Durango, CO 81301
      View Details
    • $9,000,000
      96,837 SF

      Durango Multi-Use Investment Opportunity

      Class A office, warehouse, and shop space near Durango Airport.
      380 Airport Rd, Durango, CO 81303
      View Details
    • $352,000
      320.00 Acres

      320 Acres of Farm Ground

      320 acres of farm ground near city limits.
      7.7 Tbd Rd, Dove Creek, CO 81324
      View Details
    • $3,600,000
      25.00 Acres

      Durango Land: 25 Acres, High Potential

      Prime Durango development land: 25 acres, city limits.
      455 High Llama Ln, Durango, CO 81301
      View Details

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    Justin Osborn, Durango, CO
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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.

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    Justin Osborn, Durango, CO
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