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    1450 Grand Ave Ave Norwood, CO 81423

    For Sale
    $599,000

    Spacious building, endless potential, prime location.

    Property size:
    6,490 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6,490 square foot mixed-use building presents a unique investment opportunity in the heart of Norwood, Colorado. Situated on a sizable 0.45-acre lot, this substantial property offers unparalleled versatility. Originally constructed and utilized as a church, its adaptable layout opens doors to a wide range of possibilities. Imagine transforming this expansive space into a thriving yoga studio, creating modern apartments, or developing individual rental units – the potential is limited only by your vision. The building boasts a recently installed metal roof, approximately two years old, ensuring long-term durability and minimizing maintenance concerns. Its prominent downtown location provides excellent visibility and accessibility, making it an ideal choice for a variety of commercial ventures. The ample square footage and versatile floor plan provide a blank canvas for creative entrepreneurs and savvy investors seeking a high-impact property in a desirable Colorado mountain town. This is a rare chance to acquire a substantial building with significant upside potential in a vibrant and growing community. Don't miss this opportunity to own a piece of Norwood's dynamic future. The property's size and location make it a truly exceptional offering.

    Property Features for 1450 Grand Ave Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,490 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Norwood
    County
    San Miguel
    State
    Colorado
    Longitude
    -90.29706
    Latitude
    38.5101

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious building, endless potential, prime location.
    Where is this mixed-use property located?
    The property is located at 1450 Grand Ave Ave Norwood, CO.
    What is the asking price?
    The asking price for this property is $599,000.
    Request Owner's contact information
    1450 Grand Ave Ave Norwood, CO 81423
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    Norwood, CO 81423
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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
    1450 Grand Ave Ave Norwood, CO 81423
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