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    380 Airport Rd Durango, CO 81303

    For Sale
    $12,000,000

    Prime Durango location, high-end office & shops.

    Property size:
    96,837 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property, situated adjacent to the Durango La Plata County Airport, presents a unique investment opportunity. The expansive 9.96-acre site boasts a substantial 96,837 square feet of developed space, offering a blend of commercial and office uses. A significant portion comprises over 73,000 square feet of Class A office space, featuring modern amenities such as elevators, floor-to-ceiling windows in corner conference rooms, multiple large meeting areas, private offices, cubicles, workstations, a fitness center, and two kitchenettes. The large meeting rooms have a capacity of over 360 people. Office space leases are currently at $8 per square foot, with an additional $2 per square foot available for tenant improvements. Adding to the income stream, a 16,595 square foot building is partially leased to Spriggs Excavation, and a 7,242 square foot shop is fully leased to ModStreet. Ample parking is provided with over 200 spaces spread across 1.5 acres of paved area. The property's strategic location offers convenient access to Durango (14 miles), Bayfield (15 miles), and Ignacio (10 miles), making it an ideal hub for businesses and employees. The property sits on 10 usable acres of flat land, providing significant potential for future development or expansion. This is a rare opportunity to acquire a substantial, high-quality commercial property in a thriving Durango location.

    Property Features for 380 Airport Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    96,837 SF
    Lot Size
    433,858 SF

    Building Details

    Year Built
    2007
    Property Profile Location Intelligence

    Current Use by Public Records

    Spriggs Excavation Inc Excavating Contractor

    Suggested Use

    Restaurant Food Market Bar & Pub Parking Facility Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.7494
    Latitude
    37.16826

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Durango location, high-end office & shops.
    Where is this mixed-use property located?
    The property is located at 380 Airport Rd Durango, CO.
    What is the asking price?
    The asking price for this property is $12,000,000.
    Request Owner's contact information
    380 Airport Rd 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
    380 Airport Rd Durango, CO 81303
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