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    Durango Office Condo Investment Title is generated by Realmo AI

    450 S Camino Del Rio #203, Durango, CO 81301

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    For Sale
    $300,000

    Office - Durango, CO

    Type:Office
    Property size:
    921 SF
    Price / SF:
    $325/SF
    Added:
    Dec 24, 2025
    Days on Market:
    135
    Last Refresh:
    May 8 at 9:06 pm

    Property Features for 450 S Camino Del Rio #203

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Size
    921 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Scott Kurlander

    Listing agent Scott Kurlander

    Listing office Keller Williams Realty Southwest Associates, LLC 700 Main Av, Durango, CO

    Listing date Dec 24, 2025

    MLS# 820461 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.

    HighLights

    • Long‑term lease in place through September 31, 2028, generating $13,058.00 annually ($1,088 per month) triple net.
    • Priced below the cost of construction in a Class "A" building, representing a safe long‑term investment.
    • Located in a quality commercial building with on‑site management and shared by medical and professional businesses.
    • 921 sq ft business condominium professional office on the 2nd level with elevator access.
    • Features include nice finishes, a common area deck overlooking the Animas River, and high‑speed internet access.
    • Ample non‑designated parking spaces available.

    Overview

    This 921 square foot business condominium is a professional office located on the second level of a commercial building with elevator access and common area restrooms. The office features nice finishes. It is currently leased as a salon through September 31, 2028, for $13,058.00 per year ($1,088 per month) triple net. The property includes elevator access, a common area deck overlooking the Animas River, ample non-designated parking spaces, and high-speed internet access. Located in Durango, Colorado, this Class "A" building is shared with many medical and professional businesses and has on-site management. It represents a long-term investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A Better Hearing Center Physician Oak Family Dentistry, ... Dental Office High Country Optical ... Big Box & Wholesale Store Ashley Qualls, DC Alternative Medicine Practice Animas Urgent Care Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Hotel & Motel Nail Salon Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.874219
    Latitude
    37.249273

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    FAQs

    What type of property is this?
    Office units - Professional office condo with long-term lease in Durango, Colorado.
    Where is this office units located?
    The property is located at 450 S Camino Del Rio #203 Durango, CO.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Long‑term lease in place through September 31, 2028, generating $13,058.00 annually ($1,088 per month) triple net.; Priced below the cost of construction in a Class "A" building, representing a safe long‑term investment.; Located in a quality commercial building with on‑site management and shared by medical and professional businesses.
    (970) 375-3219
    We can help!
    Listing Contact
    Scott Kurlander
    Learn More
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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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