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    Ridgway Office Condo with Views Title is generated by Realmo AI

    653 N Cora Street, Ridgway, CO 81432

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    For Sale
    $235,000

    Office - Ridgway, CO

    Type:Office
    Property size:
    582 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $403/SF
    Added:
    Mar 8, 2026
    Days on Market:
    71
    Last Refresh:
    May 18 at 9:06 am

    Property Features for 653 N Cora Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Size
    582 SF
    Lot size
    0.50 Acres

    Building Details

    Year built
    2010
    Architectural style
    Other

    We can help!

    Listing Contact
    Judi Snelling

    Listing agent Judi Snelling

    Listing office United Country Sneffels Realty 150 Liddell Drive, Ridgway, CO

    Listing date Mar 8, 2026

    MLS# 832271 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

    • Own your office space instead of renting, providing long‑term investment and stability.
    • Centrally located in Ridgway, offering convenient access to Ouray and Telluride businesses.
    • Features large view windows with direct views of the Cimarrons mountain range.
    • Designed for a professional business layout with partial partitions suitable for reception and multiple desks.
    • Includes an office‑style kitchen and shared restrooms to maximize usable office space.
    • Well‑maintained building (built in 2010) with unassigned parking and lighted signage.

    Overview

    Located in Ridgway's business and industrial area, this office condo offers an opportunity for business ownership. The property, situated in the Standing Mountain Office Building, is centrally located for businesses serving Ridgway, Ouray, and Telluride. Unit 201, located on the second floor, provides 583 square feet of space and features large view windows facing east, with direct views of the Cimarrons mountain range. Constructed in 2007, the office building has been well-maintained. Office 201 is positioned in the north corner at the front of the building. The layout is designed for professional business use, featuring partial partitions suitable for a reception area and 5-7 desks. It includes an office-style kitchen. The property is suitable for professional offices such as real estate, accounting, engineering, design, or construction firms. Restrooms are located in the hallway near the stairs. Unassigned parking is available in front of the building, off the street. A lighted sign is positioned in front of the building under the windows for this unit. The lot size is 0.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Megan Kimmel, Rolfer ... Alternative Medicine Practice Ridgway Cowork Coworking & Hybrid Office Dickerson Construction Inc Construction Company D C Woodwork General Contractor Doug Mac Farlane ... Architect

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Spa & Massage Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgway
    County
    Ouray
    State
    Colorado
    Longitude
    -107.7578892
    Latitude
    38.1576139

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    FAQs

    What type of property is this?
    Office units - Office condo in Ridgway's business area with mountain views.
    Where is this office units located?
    The property is located at 653 N Cora Street Ridgway, CO.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Own your office space instead of renting, providing long‑term investment and stability.; Centrally located in Ridgway, offering convenient access to Ouray and Telluride businesses.; **Features large view windows with direct views of the Cimarrons mountain range.**
    (970) 318-8437
    We can help!
    Listing Contact
    Judi Snelling
    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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    653 N Cora Street, Ridgway, CO 81432
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