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    Commercial Building Overlooking Mountain Lakes Title is generated by Realmo AI

    92 Hiawatha Hwy, Red Feather Lakes, CO 80545

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    Claim this Listing
    For Sale
    $1,200,000

    SINGLE_FAMILY - Red Feather Lakes, CO

    Type:Retail
    Property size:
    2,740 SF
    Lot size:
    1.90 Acres
    Price / SF:
    $437/SF
    Added:
    Jan 10, 2026
    Days on Market:
    119
    Last Refresh:
    May 9 at 2:06 am

    Property Features for 92 Hiawatha Hwy

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C
    Standard status
    Active
    APN
    R0701874
    Size
    2,740 SF
    Lot size
    1.90 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6167

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1977
    Building materials
    Frame, Stone, Wood Siding, Ceiling: 8-10 Feet, Floor: Vinyl, Floor: Ceramic Tile, Floor: Carpet
    Roof type
    Wood, Metal

    We can help!

    Listing Contact
    Ronda Hyken

    Listing agent Ronda Hyken License #FA100049917

    Listing office Resident Realty PO BOX 367, Windsor, CO

    Listing date Jan 10, 2026

    MLS# 1049348

    Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 1.9‑acre property overlooking two mountain lakes in Red Feather Lakes.
    • 2740 sq ft commercial building with potential for growth and development.
    • Four separate entrances and ample parking, including ADA accessibility.
    • Versatile space suitable for retail, office, coffee shop, or health clinic.
    • Newer well, furnace, windows, flooring, and new metal roof in 2025.
    • Potential for expansion or division of the lower 1‑acre portion with county approval.

    Overview

    Located in Red Feather Lakes, Colorado, this property features a well-maintained 2,740 square foot commercial building on 1.9 acres, overlooking two mountain lakes and the village. The property, currently operating as Red Feather Rustic, has potential for growth and further development. The building can be divided into two or more office or retail spaces, featuring four separate entrances, ample parking, ADA parking, an ADA-compliant bathroom, and two additional bathrooms. There is abundant storage space inside and out. The property is suitable for various uses, including office space, a coffee shop, a showroom, or a health clinic. With Larimer County approval, there is room for expansion, or the lower one-acre portion could be split for additional development. The property includes a newer well, furnace, windows, and flooring. A new metal roof is planned for 2025. The property is zoned 'C'.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Auto Parts Store Auto Repair Shop Department Store Storage Facility Kitchen & Bath Showroom Food Market Grocery & Convenience Store Discount Store Furniture & Home Goods Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Feather Lakes
    County
    Larimer
    State
    Colorado
    Longitude
    -105.591309
    Latitude
    40.802714

    Nearby Similar for Sale

    • $1,950,000

      Mixed-Use Investment in Red Feather

      Mixed-use property with grocery store, residential units, and income potential.
      137 County Road 67A, Red Feather Lakes, CO 80545
      View Details
    • $2,595,000

      Resorts

      17931 W County Rd 74e, Red Feather Lakes, CO 80545
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building with development potential in Red Feather Lakes, Colorado.
    Where is this retail space located?
    The property is located at 92 Hiawatha Hwy Red Feather Lakes, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime 1.9‑acre property overlooking two mountain lakes in Red Feather Lakes.; 2740 sq ft commercial building with potential for growth and development.; Four separate entrances and ample parking, including ADA accessibility.
    (970) 443-0982
    We can help!
    Listing Contact
    Ronda Hyken
    Real Estate License ID: FA100049917
    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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