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    3465 Douglas St Craig, CO 81625

    For Sale
    $5,130,000

    54-unit apartment complex with upside potential and recent renovations.

    Property size:
    50,320 SF

    Property Features for 3465 Douglas St

    General Information

    Size
    50,320 SF

    Building Details

    Year built
    1980

    Source: Mike Krebsbach Agent Mike Krebsbach

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

    Overview

    Timberglen Apartments in Craig, CO

    The Timberglen Apartments at 3465 Douglas St in Craig, CO, comprise 54 units. The unit mix includes fifty-three 2-bedroom/2-bathroom units, each with 940 square feet, and one 500-square-foot studio. The property is located near employment areas, including Memorial Hospital. Capital improvements of almost $500,000 have been made over the last 2 years. The property is currently 100% occupied with a wait list, and units are being pre-leased prior to vacancy. Rent increases of $200 are being achieved on renewals with strong retention rates. The property is managed by BRC. There is an opportunity to convert the leasing office and studio back into a 2-bedroom unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Timberglen Apartments Apartment Building

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Craig
    County
    Moffat
    State
    Colorado
    Longitude
    -107.5851698
    Latitude
    40.5109518

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    FAQs

    What type of property is this?
    Apartment building - 54-unit apartment complex with upside potential and recent renovations.
    Where is this apartment building located?
    The property is located at 3465 Douglas St Craig, CO.
    What is the asking price?
    The asking price for this property is $5,130,000.
    What are key features of this property?
    This property features: - 100% Occupied With A Wait List, units being pre-leased prior to vacating; - **$200 Rent Increases Being Achieved On Renewals With Strong Retention Rates**; - Almost $500,000 Spent In Capital Improvements Over The last 2 Years
    (561) 789-1303
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    3465 Douglas St Craig, CO 81625
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    Craig, CO 81625
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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
    3465 Douglas St Craig, CO 81625
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