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    257 Johnstown Center Dr Johnstown, CO 80534

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    For Sale
    $5,400,000

    Well-maintained commercial building in Johnstown's Downtown District with diverse businesses.

    Lot size:
    2.29 Acres

    Property Features for 257 Johnstown Center Dr

    General Information

    Lot size
    2.29 Acres

    Source: Shockcor, Inc. Agent Thomas W. Shockcor

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

    Overview

    Johnstown Center Investment Opportunity

    This well-maintained building is located in the Johnstown Downtown District. Constructed in 2005, the property has a history of rentals. The Johnstown Center accommodates a mix of businesses that support each other. The main level features 18,530 square feet of retail space, including two restaurants, a liquor store, a café, a hair salon, a nail salon, two dentists, massage therapy, and H & R Block. The second level contains 5,848 square feet of office spaces housing eight businesses. Ample parking is available. The property has low maintenance requirements, upgrades, and professional management. The current owner has made improvements to reposition the center. This multi-tenant property is an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Weld
    State
    Colorado
    Longitude
    -104.9068592
    Latitude
    40.3335576

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    FAQs

    What type of property is this?
    Shopping center - Well-maintained commercial building in Johnstown's Downtown District with diverse businesses.
    Where is this shopping center located?
    The property is located at 257 Johnstown Center Dr Johnstown, CO.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: - Premier business center location in Johnstown Downtown District.; - Excellent rental history and upside potential.; - Diverse mix of retail tenants including restaurants, liquor store, and service businesses.
    (720) 937-4403
    Request Owner's contact information
    257 Johnstown Center Dr Johnstown, CO 80534
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    Johnstown, CO 80534
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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
    257 Johnstown Center Dr Johnstown, CO 80534
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