Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    57 Wild Iris Ave Durango, CO 81301

    Sponsored
    For Sale
    $234,000

    Residential - Durango, CO

    Type:Single Family Residence
    Lot size:
    0.21 Acres
    Days on Market:
    48
    Last Refresh:
    Jan 18 at 2:06 pm

    Property Features for 57 Wild Iris Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.21 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ted Talmon

    Keller Williams Realty Southwest Associates (970) 247-3840 [email protected]

    Listing agent Ted Talmon (970) 247-3840

    Listing date Dec 2, 2025

    MLS# 830231 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.

    Learn more

    Property Insight Report

    Overview

    Durango Residential Lot with Views

    This 0.21-acre residential lot is located in Phase 1 of the Twin Buttes development in Durango, CO. The property offers 360-degree mountain views. Community amenities include hiking and biking trails, pickle ball courts, a children's park, and The Farm Stand for Twin Buttes residents. The property is situated approximately 2 miles from downtown Durango and near Lake Nighthorse, which offers water recreation opportunities. It is located in La Plata County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Hotel & Motel Gym & Fitness Skin Care Clinic Kitchen & Bath Garden Center Furniture Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.863
    Latitude
    37.3486

    Nearby Similar for Sale

    • $3,600,000
      9,746 SF

      Class A Office Building Durango

      High-quality office building in a prime downtown location.
      1910 Main Ave, Durango, CO 81301
      View Details
    • $3,500,000
      10,148 SF

      Prime Durango Retail/Restaurant Opportunity

      Excellent location for retail, restaurant, or bar uses.
      619 Main Ave, Durango, CO 81301
      View Details
    • $5,895,000
      17,951 SF

      Durango Hotel/Motel Investment Opportunity

      Turnkey, 48-room hotel with redevelopment potential in Durango, Colorado.
      2930 Main Ave, Durango, CO 81301
      View Details
    • $1,300,000
      6,271 SF

      Durango Office and Warehouse Space

      Two commercial properties in Durango's North Main area.
      3067 Main Ave, Durango, CO 81301
      View Details
    • $10,500,000
      7,386 SF

      Durango RV Park on Animas

      81+ acre RV park with river frontage near Durango.
      1322 Animas View Dr, Durango, CO 81301
      View Details
    • $1,800,000
      6,200 SF

      Mixed-Use Property with Established Business

      Commercial property featuring a laundromat and residential unit in Durango.
      1449 Florida Rd, Durango, CO 81301
      View Details
    • $399,000
      2,442 SF

      Durango Office Space For Sale

      Dental/medical office space in central Durango, close to schools.
      2323 W 2Nd Ave, Durango, CO 81301
      View Details
    • $103,000
      1,490 SF

      Established Bar Business Opportunity

      Well-established bar with loyal customer base and outdoor patio.
      937 Main Ave, Durango, CO 81301
      View Details
    • $800,000
      3,900 SF

      Durango Office Building in Downtown

      Office building in the heart of Durango's Second Avenue District.
      960 E 2Nd Ave, Durango, CO 81301
      View Details
    • New
      $379,900
      2,000 SF

      Versatile Flex Space in Bodo Park

      Updated flex space with warehouse and office functionality in Durango.
      463 Turner Dr, Durango, CO 81303
      View Details
    • $275,000
      1,215 SF

      RiverGate Office Condo with River Views

      Well-maintained office condo in Durango's RiverGate complex with flexible layout.
      555 Rivergate Ln, Durango, CO 81301
      View Details
    • $349,000
      1,064 SF

      Renovated Office Condo in Durango

      Renovated office condo in central Durango, suitable for various businesses.
      2323 W 2Nd Ave, Durango, CO 81301
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Durango with mountain views and amenities.
    Where is this residential land & home lot located?
    The property is located at 57 Wild Iris Ave Durango, CO.
    What is the asking price?
    The asking price for this property is $234,000.
    What are key features of this property?
    This property features: - Enjoy breathtaking 360-degree mountain views.; - Located in the desirable Twin Buttes development.; - Amenities include access to hiking and biking trails.
    (970) 375-3225
    Request Owner's contact information
    57 Wild Iris Ave Durango, CO 81301
    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.
    57 Wild Iris Ave
    Durango, CO 81301
    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
    57 Wild Iris Ave Durango, CO 81301
    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

    We can help!
    Listing Contact
    Ted Talmon
    (970) 375-3225
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.