Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 E Virginia Avenue Gunnison, CO 81230

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $875,000

    Office - Gunnison, CO

    Type:Office
    Property size:
    4,971 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $176/SF
    Added:
    Mar 23, 2026
    Days on Market:
    37
    Last Refresh:
    Apr 28 at 10:06 pm

    Property Features for 130 E Virginia Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active Under Contract
    Size
    4,971 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1950
    Architectural style
    Other

    We can help!

    Listing Contact
    Margaret Dethloff

    Listing agent Margaret Dethloff

    Listing office Bluebird Real Estate, LLC 211 Elk Ave, Crested Butte, CO

    Listing date Mar 23, 2026

    MLS# 823504 Listing URL

    Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gunnison Office Building For Sale

    This 4,971 square foot office building is situated on a corner lot one block from Main Street, in the Core Business District of downtown Gunnison. The property's layout offers versatility for various uses. It features over 13 private offices, a spacious kitchen, multiple collaborative workspaces, and a welcoming waiting area. There are also 4 half-baths. The property is located near downtown and IOOF Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Laura A Villanueva ... Pediatrician Dr. Jay McMurren ... Pediatrician Dr. Lauretta Garren ... Pediatrician Gunnison Valley Family ... Medical Clinic Dr. Marie C. ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gunnison
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.9259359
    Latitude
    38.545825

    Nearby Similar for Sale

    • $1,250,000
      3,301 SF

      Gunnison Office Building on Main

      Historic office building with modern amenities on Main Street.
      104 W Ruby Avenue, Gunnison, CO 81230
      View Details
    • $825,000
      3,841 SF

      Victorian Fiveplex Near Western University

      Historic Victorian fiveplex with strong rental history near Western University.
      518 E Georgia Avenue, Gunnison, CO 81230
      View Details
    • $150,000
      1,400 SF

      Established Art Gallery Business Opportunity

      Turnkey art gallery and framing business in Gunnison, Colorado.
      124 Main Street, Gunnison, CO 81230
      View Details
    • $925,000
      2,847 SF

      Gunnison Triplex with Income Potential

      Downtown Gunnison triplex featuring historic charm and modern construction.
      709 W New York Avenue, Gunnison, CO 81230
      View Details
    • $1,295,000
      3,757 SF

      Desirable Fourplex Near Downtown, University

      Well-maintained fourplex near downtown and university in Gunnison, Colorado.
      216 N Taylor Street, Gunnison, CO 81230
      View Details
    • $1,450,000
      5,724 SF

      Gunnison Industrial Zone Flex Space

      Industrial flex space with secure yard in Gunnison, Colorado.
      601 S 10th Street, Gunnison, CO 81230
      View Details
    • $1,800,000
      3,534 SF

      Mixed-Use Property in Gunnison, CO

      Versatile commercial space with two residential units in Gunnison.
      322 N Main Street, Gunnison, CO 81230
      View Details
    • $2,360,000
      2,688 SF

      Gunnison Fourplex: Modern Townhomes

      Four modern townhomes in Gunnison, Colorado, with no HOA.
      235 S 7th Street, Gunnison, CO 81230
      View Details
    • $2,700,000
      2,624 SF

      Freestanding Starbucks with Drive-Thru

      Freestanding Starbucks with drive-thru on Gunnison's main thoroughfare.
      501 W Tomichi Ave, Gunnison, CO 81230
      View Details

    FAQs

    What type of property is this?
    Office building - Spacious office building in Gunnison's Core Business District.
    Where is this office building located?
    The property is located at 130 E Virginia Avenue Gunnison, CO.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Prime corner lot location, one block from Main Street in downtown Gunnison's Core Business District.; Spacious 4,971 SF office building with versatile layout.; Features over 13 private offices.
    (970) 209-7880
    We can help!
    Listing Contact
    Margaret Dethloff
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!