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

    1445 Hawk Pkwy Montrose, CO 81401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two commercial lots in a desirable, high-traffic location.

    Lot size:
    0.99 Acres

    Property Features for 1445 Hawk Pkwy

    General Information

    Lot size
    0.99 Acres

    We can help!

    Listing Contact
    John Renfrow
    John Renfrow
    Source: Moodyscre

    Listing Agency: Renfrow Realty Listing Agent: John Renfrow

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

    Learn more

    Property Insight Report

    Overview

    Commercial Lots Ready For Development

    Two commercial lots are available for development in a highly desirable location along the busy S Townsend Ave/S Hwy 550 corridor, with accessibility on Hawk Parkway. The property is part of The Center at Hawk Parkway, a complex consisting of professional offices, retail spaces, and restaurants. The surrounding area includes businesses such as Walmart, City Market, Home Depot, Chilis, Applebee's, Target, Hobby Lobby, and Ross. Zoned B-2 Highway Commercial in the City of Montrose, the district is intended as a shopping and business center for the City and surrounding area. All utilities are available to the lot, offering an opportunity to shape the future of Montrose's South Corridor commerce.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Montrose Brazilian Jiu-Jitsu Training Center CenturyLink Telecommunications Service Western Slope Appliance Home Appliance Store Canyon Cleaners & Shirt ... (Bike/Boat/Book/etc) Store Sears Appliance Repair Home Appliance Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8668603
    Latitude
    38.4499544

    Nearby Similar for Sale

    • $570,000
      1,308 SF

      Downtown Montrose Turnkey Restaurant Property

      Prime restaurant property in downtown Montrose with high visibility.
      1047 N 1St St, Montrose, CO 81401
      View Details
    • $670,000
      3,284 SF

      Downtown Montrose Restaurant Opportunity

      3,284 SF restaurant with equipment included in downtown Montrose.
      647 E Main St, Montrose, CO 81401
      View Details
    • $575,000
      2,817 SF

      Downtown Montrose Commercial Property

      Prime commercial building in downtown Montrose with historic charm.
      308 E Main St, Montrose, CO 81401
      View Details
    • $570,000
      1,308 SF

      Downtown Montrose Restaurant Opportunity

      Turnkey restaurant property in downtown Montrose with outdoor seating.
      1047 N 1St St, Montrose, CO 81401
      View Details
    • $696,000
      2,740 SF

      Duplex with Irrigated Farmland

      Duplex on 12.89 acres with heated workshop and farmland.
      62915 Spring Creek Rd, Montrose, CO 81403
      View Details
    • $1,099,000
      4,903 SF

      Montrose Fourplex: Investment Opportunity

      Well-maintained fourplex in Montrose, Colorado, with long-term development potential.
      2091 Locust Rd, Montrose, CO 81401
      View Details
    • $600,000
      2,231 SF

      Downtown Montrose Commercial Building

      Fully leased commercial building in downtown Montrose with strong tenant history.
      1020 S Townsend Ave, Montrose, CO 81401
      View Details
    • $4,950,000
      3,967 SF

      Colorado Farm and Ranch Retreat

      435-acre farm and ranch with post-and-beam home near Montrose.
      73035 Q72 Rd, Montrose, CO 81401
      View Details
    • $889,000
      7,416 SF

      Historic Building on Main Street

      Charming historic building suitable for retail, office, or studio.
      38 W Main St, Montrose, CO 81401
      View Details
    • $1,495,000
      10,260 SF

      Versatile Commercial Property on 2 Acres

      Two buildings with flexible zoning, ideal for mixed-use.
      5 Ponderosa Ct, Montrose, CO 81403
      View Details
    • $949,500
      9,500 SF

      Downtown Montrose Investment Opportunity

      Fully leased commercial property in historic downtown Montrose.
      33 N 1St St, Montrose, CO 81401
      View Details
    • $1,495,000
      10,260 SF

      Versatile Mixed-Use Property in Montrose

      Two buildings on 2.03 acres, suitable for various commercial uses.
      5 Ponderosa Ct, Montrose, CO 81403
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two commercial lots in a desirable, high-traffic location.
    Where is this commercial land located?
    The property is located at 1445 Hawk Pkwy Montrose, CO.
    What is the asking price?
    The asking price for this property is $299,888.
    What are key features of this property?
    This property features: - Highly desirable location in busy S Townsend Ave/S Hwy 550 corridor.; - Easy accessibility on Hawk Parkway.; - Zoned B-2 Highway Commercial, ideal for shopping and business.
    (970) 249-5001 Call to check price and availability
    Request Owner's contact information
    1445 Hawk Pkwy Montrose, CO 81401
    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.
    1445 Hawk Pkwy
    Montrose, CO 81401
    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
    1445 Hawk Pkwy Montrose, CO 81401
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Renfrow
    John Renfrow
    Real Estate License ID: ER.040036477
    (970) 249-5001 (970) 275-4004 (800) 249-5001
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!