Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1051 West Ave Alamosa, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-tenant retail property with long-term lease and stable income.

    Type:RETAIL
    Property size:
    7,856 SF
    Lot size:
    0.84 Acres
    Price / SF:
    $169/SF
    Added:
    Sep 1, 2023
    Days on Market:
    973
    Last Refresh:
    Apr 5 at 11:23 pm

    Property Features for 1051 West Ave

    General Information

    Standard status
    Active
    Size
    7,856 SF
    Lot size
    0.84 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matt Call
    Matt Call

    Listing agent Matt Call License #100011543

    Listing office NavPoint Real Estate Group

    Listing date Sep 1, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of NavPoint Real Estate Group

    Overview

    Alamosa Retail Investment Opportunity

    This retail property, located at the corner of US Highway 285 and 11th Street in Alamosa, Colorado, offers 7,856 square feet of space. The property is strategically positioned minutes from Adams State University. As a single-tenant net leased property, it provides a predictable income stream. The retail building is leased to Family Dollar, a variety store chain with over 8,000 locations nationwide, who has occupied the space for over twenty years and recently completed significant upgrades to the building. This location and tenant profile make it a compelling prospect for investors seeking stable returns.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • Venus Online Flowers — 315 State Ave #202, Alamosa, CO 81101
    • Venus Flowers and Services — 312 Main St, Alamosa, CO 81101

    Location Insight

    • Map
    • Local Demand
    City
    Alamosa
    County
    Alamosa
    State
    Colorado
    Longitude
    -105.876
    Latitude
    37.4609

    Nearby Similar for Sale

    • $1,250,000
      6,279 SF

      Multi-Tenant Office Building For Sale

      Well-maintained office building with immediate income and future upside.
      2415 Mullins Ave., Alamosa, CO 81101
      View Details
    • $600,000
      14,468 SF

      Alamosa Multi-Unit Investment Opportunity

      Eight-unit apartment building with expansion potential near US HWY 285.
      8811 South US HWY 285, Alamosa, CO 81101
      View Details
    • $300,000
      7,300 SF

      Downtown Alamosa Historic Warehouse

      Multi-use property with residential unit and parking lot.
      701 San Juan Avenue, Alamosa, CO 81101
      View Details
    • $1,291,337

      Alamosa Land with Grazing Allotments

      40-acre land parcel with grazing rights near Alamosa, Colorado.
      Alamosa County Parcel #5139301, Alamosa, CO 81101
      View Details
    • $995,000
      5,000 SF

      Freestanding Restaurant Near University

      Restaurant with hood, walk-in, patio, and dedicated parking.
      2065 1st St, Alamosa, CO
      View Details
    • $150,000

      Established Restaurant Business Opportunity

      Turnkey restaurant business with diversified revenue streams for sale.
      408 4th St, Alamosa, CO, 81101
      View Details
    • $600,000
      14,468 SF

      Multi-Unit Property with Potential

      Eight-unit commercial property with potential for additional apartments.
      8811 US Highway 285, Alamosa, CO 81101
      View Details
    • $1,475,000
      510 SF

      New 7 Brew Coffee Location

      New construction, NNN lease, high-traffic location near national retailers.
      2209 Main St, Alamosa, CO
      View Details

    FAQs

    What type of property is this?
    Storefront property - Single-tenant retail property with long-term lease and stable income.
    Where is this storefront property located?
    The property is located at 1051 West Ave Alamosa, CO.
    What is the asking price?
    The asking price for this property is $1,335,000.
    What are key features of this property?
    This property features: Single‑tenant net leased property providing a secure and predictable income stream.; Leased to Family Dollar, a well‑established national retail chain with over 8,000 locations.; **Strategic corner location on US Highway 285 and 11th Street.**
    (720) 420-7530 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Call
    Matt Call
    Real Estate License ID: 100011543
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!