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

    676 Tipple Ave, Unit 121 Durango, CO 81301

    View on Map
    Sponsored
    For Sale
    $275,000

    Residential - Durango, CO

    Type:Single Family Residence
    Lot size:
    0.40 Acres
    Days on Market:
    23
    Last Refresh:
    Mar 7 at 11:06 am

    Property Features for 676 Tipple Ave

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Phil Schoon

    Keller Williams Realty Southwest Associates (970) 247-3840

    Listing agent Phil Schoon (970) 247-3840

    Listing date Feb 13, 2026

    MLS# 816592 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 Land Opportunity

    Located in the Twin Buttes neighborhood within the City Limits of Durango, this residential land offers an opportunity for new home construction. The available single-family build sites range in size from 12,000 sf to 42,000 sf, with an average lot size of 21,000 sf. The neighborhood is a couple miles from Downtown and provides in-town amenities including water, sewer, natural gas, electric, fiber-optic internet, city trash and recycle services, road maintenance and snow removal, and city parks. Many of the lots back up to protected buffer zones such as common areas, open space, or public lands. Twin Buttes also features a pickle-ball court and picnic area at Pauls Park, a playground at Rowe Park in Wild Chives, The Historic Tram Park, The Farm Stand for fresh produce, and paved trails that connect to 12 miles of single-track mountain biking and hiking trails. Road and infrastructure construction is underway, with new home builds starting in 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hotel & Motel Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Garden Center Furniture & Home Goods 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

    • 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
    • $550,000
      4,080 SF

      Durango Office Building Investment

      Well-maintained office building in Bodo Park with income potential.
      484 Turner Dr, Durango, CO 81303
      View Details
    • $750,000
      3,900 SF

      Durango Office Building For Sale

      Located in the heart of the Second Avenue District.
      960 E 2Nd Ave, Durango, CO 81301
      View Details
    • New
      $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
    • $580,000
      1,506 SF

      Modern Office Condo in Durango

      Remodeled office condo in downtown Durango with parking.
      679 E 2Nd Ave, Durango, CO 81301
      View Details
    • New
      $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
    • $300,000
      921 SF

      Durango Office Condo Investment

      Professional office condo with long-term lease in Durango, Colorado.
      450 S Camino Del Rio, 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
    • $330,000
      1,148 SF

      Professional Office in Bodo Park

      Professional office condo in Durango's Bodo Industrial Park.
      72 Suttle "B" St, Durango, CO 81303
      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
    • $1,895,000
      5,749 SF

      Durango Suites & Salons

      Commercial space in the heart of Durango.
      2929 Main Ave, Durango, CO 81301
      View Details
    • $649,000
      2,435 SF

      Rivergate Corner Office Unit Available

      Prime Durango office space with abundant natural light.
      555 Rivergate Ln, Durango, CO 81301
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Twin Buttes, ready for new home builds.
    Where is this residential land & home lot located?
    The property is located at 676 Tipple Ave, Unit 121 Durango, CO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Largest average lot size (21,000 sf) in Twin Buttes development.; - Lots back up to protected buffer zones (common areas, open space, or public lands).; - Located in Twin Buttes, within Durango city limits, just a couple miles from Downtown.
    (970) 769-2857
    Request Owner's contact information
    676 Tipple Ave, Unit 121 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.
    676 Tipple Ave, Unit 121
    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
    676 Tipple Ave, Unit 121 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
    Phil Schoon
    (970) 769-2857 (970) 247-3840
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!