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    250 1St St Parachute, CO 81635

    Sponsored
    For Sale
    $769,000

    Five-unit building, high potential, Old Town location.

    Property size:
    15,850 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, situated at 250 1st Street in the heart of Parachute, Colorado's Old Town Center, presents a compelling investment opportunity or a perfect space for an established business. The building encompasses a substantial 15,850 square feet and is configured as a five-unit property, offering significant flexibility and diverse commercial usage potential. Its central location within the Old Town Center zoning district ensures high visibility and accessibility, making it an ideal spot for a variety of businesses. The property sits on a lot with no acreage specified, focusing its value on the substantial building itself. Priced at $769,000, this property represents a rare chance to acquire a well-positioned commercial asset in a thriving Colorado community. The five-unit structure allows for multiple income streams or the possibility of consolidating the space for a single, large-scale operation. Investors will appreciate the potential for strong returns, while business owners will find the adaptable layout and prime location highly advantageous. This is a unique opportunity to establish or expand a commercial presence in a dynamic and growing area. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 250 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    15,850 SF

    Building Details

    Year Built
    1981
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -108.0511
    Latitude
    39.45354

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    FAQs

    What type of property is this?
    Commercial real estate - Five-unit building, high potential, Old Town location.
    Where is this commercial real estate located?
    The property is located at 250 1St St Parachute, CO.
    What is the asking price?
    The asking price for this property is $769,000.
    (970) 625-2255
    Request Owner's contact information
    250 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
    250 1St St Parachute, CO 81635
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