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

    102 W 9Th Ave Fort Morgan, CO 80701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-story building in historic downtown with medical layout and parking.

    Property size:
    6,333 SF
    Lot size:
    21,312.00 Acres

    Property Features for 102 W 9Th Ave

    General Information

    Standard status
    Active
    Zoning
    B-1
    Size
    6,333 SF
    Lot size
    21,312.00 Acres

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    Jeff Wood
    Source: Crexi

    Listing Agency: CBRE - Denver Downtown Listing Agent: Jeff Wood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Historic Downtown Medical/Office Building

    The property at 102 W. 9th Avenue is a single-story medical/office building with approximately 6,333 square feet of space. It occupies a prominent corner in Fort Morgan’s historic downtown Main Street. The building features an existing medical layout and a full unfinished basement. The site encompasses approximately 21,312 square feet, which is about 0.49 acres. The property benefits from strong visibility, easy access, and on-site parking. It is located within Fort Morgan’s Historic Downtown, an area that supports local dining, boutique shops, and walkable neighborhood experiences. The property is zoned B-1 Mixed Use and is well-positioned to benefit from the steady growth of the area’s commercial core.
    Location Intelligence

    Current Use by Public Records

    Fort Morgan Medical ... Medical Group Dr. Francis Thompson, ... Pediatrician Marshal Unrein Physician Robert Thiel Pediatrician Donald Kruglet Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    steiner sils

    Location Insight

    • Map
    • Local Demand
    City
    Fort Morgan
    County
    Morgan
    State
    Colorado
    Longitude
    -103.8018632
    Latitude
    40.259268

    Nearby Similar for Sale

    • $630,000

      Morgan County Bowling Alley For Sale

      Thriving bowling alley, recently renovated, ready for new owner.
      300 E Railroad Ave, Fort Morgan, CO 80701
      View Details
    • $689,000
      2,482 SF

      320-Acre Country Retreat

      Spacious 3-bedroom home on 320 acres with outbuildings.
      99101 E 104Th Ave, Fort Morgan, CO 80701
      View Details
    • $689,000

      Expansive Rural Property with Home

      320-acre property featuring a 3-bedroom home and outbuildings.
      99101 E 104Th Ave, Fort Morgan, CO 80701
      View Details
    • $749,900

      Downtown Fort Morgan Office Building

      Five-unit office building in downtown Fort Morgan, fully occupied.
      217-231 Prospect St, Fort Morgan, CO 80701
      View Details
    • $440,000

      Triplex with Strong Rental Potential

      Triplex featuring three units with separate utilities and updated interiors.
      300 Walnut St, Fort Morgan, CO 80701
      View Details
    • $315,000

      Fort Morgan Triplex Investment Opportunity

      Triplex in Fort Morgan with long-term tenants and new leases.
      1012 State St, Fort Morgan, CO 80701
      View Details
    • $749,900

      Updated Five-Unit Building with Parking

      Five updated units with parking near Main Street.
      217-231 Prospect St, Fort Morgan, CO 80701
      View Details
    • $675,000

      Commercial Property in Fort Morgan

      Well-maintained commercial building with parking and garage in business district.
      230 State St, Fort Morgan, CO 80701
      View Details
    • $690,459

      Specialty Property for Sale

      Specialty property available for purchase.
      1166 S Deuel St, Fort Morgan, CO 80701
      View Details
    • $440,000

      Fort Morgan Commercial Property Available

      Commercial property for sale in Fort Morgan, Colorado.
      300 Walnut St, Fort Morgan, CO 80701
      View Details
    • New
      Contact for pricing

      Gas Station with Liquor Store

      Gas station with liquor store and restaurant for sale.
      14424 Us Highway 34, Fort Morgan, CO 80701
      View Details
    • $1,990,000

      Heavy Industrial Facility For Sale

      36,735 SF industrial facility on 2.8 acres near I-76.
      12555 Energy Rd, Fort Morgan, CO 80701
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Single-story building in historic downtown with medical layout and parking.
    Where is this medical office space located?
    The property is located at 102 W 9Th Ave Fort Morgan, CO.
    What are key features of this property?
    This property features: - Prominent corner location on Fort Morgan's historic downtown Main Street.; - Existing medical layout suitable for medical or office use.; - Flexible B-1 Mixed Use zoning allows for a variety of business opportunities.
    Request Owner's contact information
    102 W 9Th Ave Fort Morgan, CO 80701
    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.
    102 W 9Th Ave
    Fort Morgan, CO 80701
    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
    102 W 9Th Ave Fort Morgan, CO 80701
    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
    Jeff Wood
    Real Estate License ID: 100066912
    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!