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    381 Colorado Dr Bayfield, CO 81122

    For Sale
    $6,500,000

    Retail - Bayfield, CO

    Type:Retail
    Property size:
    18,000 SF
    Lot size:
    2.20 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 381 Colorado Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Size
    18,000 SF
    Lot size
    2.20 Acres

    Building Details

    Year built
    1983
    Architectural style
    Other

    United Country Blue Sky Homes and Land (970) 516-1759 [email protected]

    Listing agent Leigh Holmes (970) 516-1759

    Listing date Nov 17, 2025

    MLS# 829904 Listing URL

    Copyright © 2025 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

    Grocery Anchored Retail Center

    This retail center in Bayfield, Colorado, includes a profitable grocery store business. The entire asset, including real estate and business, is available, or the grocery store business can be purchased separately. The retail center totals 21,100 rentable square feet across 10 commercial suites and maintains a high occupancy rate. Additional revenue is generated from specialty vendors and kiosks located within the parking lot. The tenant base is anchored by the community's sole grocer, which has been operating at this location for over 30 years. The property is strategically positioned just off State Highway 160, benefiting from high traffic visibility of 9,700 vehicles AADT. A major value-add opportunity exists due to current lease structures, which are below comparable market rates, providing a path to Net Operating Income growth upon tenant renewal. The property sits on a 2.2 acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Colorado MV Express Kiosk

    Location Insight

    • Map
    • Local Demand
    City
    Bayfield
    County
    La Plata
    State
    Colorado
    Longitude
    -107.5957309
    Latitude
    37.2329807

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    FAQs

    What type of property is this?
    Shopping center - Dominant retail center with grocery store in Bayfield, Colorado.
    Where is this shopping center located?
    The property is located at 381 Colorado Dr Bayfield, CO.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Dominant, grocery-anchored retail center in Bayfield, CO.; - Includes a highly profitable, turnkey grocery store business with a 30+ year track record.; - High traffic visibility of 9,700 vehicles AADT due to strategic location off State Highway 160.
    (970) 516-1759
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    381 Colorado Dr Bayfield, CO 81122
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    Bayfield, CO 81122
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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
    381 Colorado Dr Bayfield, CO 81122
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