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    315 1St St Parachute, CO 81635

    For Sale
    $995,000

    Downtown Retail Building, High Traffic

    Property size:
    4,608 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 315 1st Street, Unit A&B, in Parachute, Colorado, presents a unique investment opportunity. The 4,608 square foot building boasts a prime downtown location with excellent Interstate 70 frontage, benefiting from an average daily traffic count of 22,400 vehicles. The property consists of two suites: Suite A, a 1,872 square foot former dispensary with a basement, fully remodeled in 2015 with approximately $200,000 in improvements, including one restroom

    Property Features for 315 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,608 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Green Joint - Parachute ... Cannabis Store Trail Snax 100% ... Wholesaler Taqueria Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.0502
    Latitude
    39.45385

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Retail Building, High Traffic
    Where is this commercial real estate located?
    The property is located at 315 1St St Parachute, CO.
    What is the asking price?
    The asking price for this property is $995,000.
    (970) 925-8810
    Request Owner's contact information
    315 1St St Parachute, CO 81635
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    Parachute, CO 81635
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    Realmo Value Estimation

    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.

    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.

    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
    315 1St St Parachute, CO 81635
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