Sign Up Successful!
You now have access to more from Realmo!
    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

    815 Main St Cedaredge, CO 81413

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $349,000

    Charming Main Street Business Opportunity

    Property size:
    1,467 SF

    Property Features for 815 Main St

    General Information

    Property type
    Investment properties
    Square Feet
    1,467 SF
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1917

    We can help!

    Listing Contact
    Curtis Mccrackin

    Listing Agency: Mountain Valley Realty LLC Listing Agent: Curtis Mccrackin

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,467 square foot property, located at 815 W Main Street in Cedaredge, Colorado, presents a unique investment opportunity. Situated on a 0.42-acre lot, this versatile space offers endless possibilities for a variety of commercial or residential uses. Its prime location at the end of Main Street provides excellent visibility and accessibility. The property boasts a charming character, ideal for businesses seeking a unique and inviting atmosphere. Imagine establishing a boutique, art studio, yoga studio, or even a professional office such as a dental or medical practice. The flexible zoning allows for both commercial and residential applications, opening doors to a wide range of potential uses. A significant advantage is the property's tranquil setting, backing directly onto a wildlife sanctuary, offering a peaceful and picturesque backdrop. This rare combination of prime location, flexible zoning, and serene surroundings makes this property a truly exceptional opportunity. The asking price is $349,000. Don't miss your chance to own this remarkable piece of Cedaredge real estate. Serious inquiries only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedaredge
    County
    Delta
    State
    Colorado
    Longitude
    -107.9325
    Latitude
    38.90021

    Nearby Similar for Sale

    • $473,000
      5,280 SF

      Mixed-Use Commercial Investment Opportunity

      Versatile property with shop spaces, office, and apartment.
      875 W Main St, Cedaredge, CO 81413
      View Details
    • $473,000
      5,280 SF

      Versatile Mixed-Use Investment Opportunity

      Multi-use property with shop, warehouse, office, and apartment.
      875 W Main St, Cedaredge, CO 81413
      View Details
    • $1,195,000

      Cedaredge Mobile Home Park Investment

      9-unit mobile home park with renovation and expansion potential.
      810 NW Cedar Ave, Cedaredge, CO 81413
      View Details
    • $2,950,000
      12,038 SF

      Grand Mesa Lodge: Turn-Key Business

      Iconic mountain lodge, 10+ acres, high potential
      21220 Baron Lake Dr, Cedaredge, CO 81413
      View Details
    • $530,000
      2,016 SF

      Cedar Mesa Rd Mixed-Use Property

      Automotive Shop & 3-Bed Home, 2.84 Acres
      26767 Cedar Mesa Rd, Cedaredge, CO 81413
      View Details
    • $1,400,000
      15,228 SF

      Cedaredge Hotel - Mountain Oasis

      30-Room Hotel, Pool, Hot Tub, Mountain Views
      530 Grand Mesa Dr, Cedaredge, CO 81413
      View Details
    • $325,000
      2,800 SF

      Cedaredge Retail Center - High ROI

      Profitable 5-suite retail building, seller financing.
      110 Greenwood Ave, Cedaredge, CO 81413
      View Details
    • $300,000
      2,130 SF

      Downtown Cedaredge Office Building

      Prime Location, High Potential, 2,130 sq ft
      225 Grand Mesa Dr, Cedaredge, CO 81413
      View Details
    • $600,000
      6,426 SF

      Cedaredge Restaurant & Apartments

      Established Steakhouse, Turn-Key Opportunity
      2323 Grand Mesa Dr, Cedaredge, CO 81413
      View Details
    • $210,000
      697 SF

      Prime Cedaredge Office Building

      Updated Office Space, High Visibility
      130 Grand Mesa Dr, Cedaredge, CO 81413
      View Details
    • $579,000
      4,765 SF

      Cedaredge Watering Hole Business

      Established Bar, High Profits, Prime Location
      230 Main St, Cedaredge, CO 81413
      View Details
    • $16,950,000
      6,184 SF

      17950 Green Valley Rd, Cedaredge, CO 81413

      Commercial real estate • 6,184 SF
      17950 Green Valley Rd, Cedaredge, CO 81413
      View Details

    FAQs

    What type of property is this?
    Investment property - Charming Main Street Business Opportunity
    Where is this investment property located?
    The property is located at 815 Main St Cedaredge, CO.
    What is the asking price?
    The asking price for this property is $349,000.
    Request Owner's contact information
    815 Main St Cedaredge, CO 81413
    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.
    815 Main St
    Cedaredge, CO 81413
    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
    815 Main St Cedaredge, CO 81413
    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
    Curtis Mccrackin
    Learn more
    Google sign-in failed. Please try again or use another login method.