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    807 Main Street Ouray, CO 81427

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    For Sale
    $895,000

    Multi-Use w/Res - Ouray, CO

    Property size:
    1,951 SF
    Added:
    Apr 16, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 17 at 1:06 pm

    Property Features for 807 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,951 SF

    Building Details

    Year built
    1982
    Architectural style
    Other

    We can help!

    Listing Contact
    Christine Kersen
    Christine Kersen

    Listing agent Christine Kersen

    Listing office NextHome Virtual 15402 6260 Road, Montrose, CO

    Listing date Apr 16, 2026

    MLS# 833644 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.

    Overview

    Ouray Multi-Use Main Street Property

    Located in the heart of Ouray's historic downtown, this commercial space offers flexibility and visibility. The property has a history of restaurant use and is suited for its next chapter. The main level features two public entrances, expansive front windows, and an open atmosphere. The interior includes a dining or retail area with hardwood floors, a gas fireplace, and tongue-and-groove ceilings. The commercial kitchen is equipped for immediate use, making it suitable for a restaurant, café, or other hospitality concept. A private residential suite is incorporated into the space, complete with a Murphy bed, a full bathroom, a walk-in closet, and a separate entrance, allowing for live/work convenience or rental income with HOA and town approval. There is also potential to convert the space into a residential condo. Outdoor space includes Main Street sidewalk seating and a private patio area along the north side. The property offers approximately 2,000 square feet of versatile use. All furnishings, fixtures, and equipment are included. The property is suited for a restaurant, retail shop, gallery, or a downtown residence. Ouray is known for year-round tourism, mountain views, and a local community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Florist Supermarket (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Butcher Restaurant Restaurant Auto Parts Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ouray
    County
    Ouray
    State
    Colorado
    Longitude
    -107.6712679
    Latitude
    38.0253222

    Nearby Similar for Sale

    • $895,000
      1,951 SF

      Prime Ouray Commercial Live/Work Space

      Versatile commercial space in Ouray's historic downtown with live/work potential.
      807 Main Street, Ouray, CO 81427
      View Details
    • $1,350,000

      Residential Land in Ouray, Colorado

      1.83 acre residential property for sale in Ouray, Colorado.
      TBD (2 lots) 6th Street, Ouray, CO 81427
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Versatile commercial space with residential suite in historic Ouray.
    Where is this conventional restaurant located?
    The property is located at 807 Main Street Ouray, CO.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Prime Main Street location in Ouray's historic downtown with high visibility and foot traffic.; Turnkey commercial kitchen and included furnishings, fixtures, and equipment for immediate operation.; Versatile space suitable for restaurant, retail, gallery, or residential conversion.
    (970) 318-1389
    We can help!
    Listing Contact
    Christine Kersen
    Christine Kersen
    Real Estate License ID: EA100017564,PersonLicenseNumber
    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.

    More about this property
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