Tenant-Occupied
New
For Sale
$179,000
115 W Kiowa Ave, Fort Morgan, CO 80701
An existing commercial tenancy provides rental income, and alley access supports property operations.
Property Size1,100 SF
Price / SF$168.87
Days on Market5
Property Features for 115 W Kiowa Ave
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$2,805
Amenities
alley access
Building Details
Building Size
1,100 SF
Year Built
1888
Tenancy
Single
Listing Agency:
Colorado Land Co. LLC
Listed By:
Mandy Weichel · License #100038290
(970) 441-1126
Source:
Elliman
Added: Oct 4
Last Checked: Oct 7 at 12:36PM
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 Colorado Land Co. LLC
Investment Insights
Based on property information with market context.
This storefront contains approximately 1,060 square feet of commercial space and is occupied by a commercial tenant. Built in 1888, the property also has alley access.
At 115 W Kiowa Ave in downtown Fort Morgan, the property is near the downtown park, library, shops, restaurants, and local businesses. Community events take place in the area throughout the year. The adjacent properties at 109 and 111 W Kiowa Street are also available for purchase and are tenant-occupied.
At 115 W Kiowa Ave in downtown Fort Morgan, the property is near the downtown park, library, shops, restaurants, and local businesses. Community events take place in the area throughout the year. The adjacent properties at 109 and 111 W Kiowa Street are also available for purchase and are tenant-occupied.
Key Highlights
- Approximately 1,060 square feet of commercial space
- Currently occupied by a commercial tenant
- Alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,663
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,260
$213.3K
Cap Rate 7%
$152,329
$152.3K
Cap Rate 9%
$118,478
$118.5K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$15.9K $15.00/SF
− Vacancy
−$668 −$0.63/SF
EGI
$15.2K $14.37/SF
− OpEx
−$4.6K −$4.31/SF
NOI
$10.7K $10.06/SF
Area
Morgan County, CO
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,260
Cap Rate 7%
$152,329
Cap Rate 9%
$118,478
Alternative Uses
Best Use
Retail
$152.3K
$133.3K – $177.7K
NOI $10,663 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.4K
$271.6K – $362.1K
NOI $21,726 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80701, CO
16,101
Population
6,575
Households
2.4
Avg Household Size
35
Median Age
19%
College-Educated
84%
High-School Grad
616.5 sq mi
ZIP Area
26
Density / Sq Mi
$72,500
Median Household Income
$41,071
Median Earnings
$1,096
Median Rent
$318,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Flower Petaler — 322 Main St, Fort Morgan, CO 80701
Frequently Asked Questions
What type of property is this?
Storefront property - An existing commercial tenancy provides rental income, and alley access supports property operations.
Where is this storefront property located?
The property is located at 115 W Kiowa Ave Fort Morgan, CO.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Approximately 1,060 square feet of commercial space; Currently occupied by a commercial tenant; Alley access
