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    111 Russey Ave Parachute, CO 81635

    For Sale
    $470,000

    COMMERCIAL - Parachute, CO

    Property size:
    11,250 SF
    Lot size:
    0.26 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 12 at 1:06 am

    Property Features for 111 Russey Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTC
    APN
    240912414007
    Size
    11,250 SF
    Lot size
    0.26 Acres

    Utilities

    Water source
    Public
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1994
    Floors in Building
    1
    Building materials
    Steel Frame, Brick
    Roof type
    Metal

    Property Professionals (970) 625-2255 [email protected]

    Listing agent Luis Arreola (970) 361-8640

    Listing date Oct 27, 2025

    Copyright © 2025 Aspen/Glenwood Springs MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Parachute, CO

    This commercial property, located in the heart of Parachute, Colorado, presents an opportunity for investors or business owners seeking a commercial space. The property is zoned Old Town Center (OTC) and consists of a 3-unit building, offering potential for various commercial uses. The lot size is approximately 0.26 acres, equivalent to 11250 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.054108
    Latitude
    39.451061

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    FAQs

    What type of property is this?
    Commercial land - Commercial land in the heart of Parachute, Colorado.
    Where is this commercial land located?
    The property is located at 111 Russey Ave Parachute, CO.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: - Prime Location: Situated in the heart of Parachute.; - Zoned Old Town Center: Ideal for various commercial uses and business opportunities.; - 3-Unit Property: Offers flexibility for multiple tenants or business operations.
    (970) 361-8640
    Request Owner's contact information
    111 Russey Ave Parachute, CO 81635
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    Parachute, CO 81635
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    Realmo Value Estimation

    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.

    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.

    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
    111 Russey Ave Parachute, CO 81635
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