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    440 Crk 232 Durango, CO 81303

    For Sale
    $3,900,000

    Thriving park, high development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 6.08-acre property at 440 CR 232, Durango, CO, presents a lucrative investment opportunity. Currently operating as a successful mobile home park, it boasts a prime location minutes from downtown Durango, offering convenient access to essential services and amenities. Its strategic position along a major thoroughfare, directly across from the Three Springs community and hospital campus, ensures a consistent stream of potential tenants. The property benefits from breathtaking views and is situated in the rapidly growing Grandview area, further enhancing its investment appeal. The existing mobile home park provides immediate income generation, while the expansive acreage presents significant development potential, allowing for a variety of expansion or redevelopment options to capitalize on the area's growth trajectory. This unique combination of established income and future development possibilities makes this a rare and highly desirable investment opportunity in a high-demand market. The asking price is $3,900,000. Don't miss this chance to secure a prominent position in Durango's thriving real estate market.

    Property Features for 440 Crk 232

    General Information

    Property type
    Other commercial real estate
    Lot Size
    264,845 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.8258
    Latitude
    37.22633

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving park, high development potential.
    Where is this commercial real estate located?
    The property is located at 440 Crk 232 Durango, CO.
    What is the asking price?
    The asking price for this property is $3,900,000.
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    440 Crk 232 Durango, CO 81303
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    Durango, CO 81303
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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
    440 Crk 232 Durango, CO 81303
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