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    111 Russey Ave Parachute, CO 81635

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    For Sale
    $470,000

    Three-unit commercial property in Parachute's Old Town Center zone.

    Lot size:
    0.26 Acres

    Property Features for 111 Russey Ave

    General Information

    Lot size
    0.26 Acres

    Building Details

    Year built
    1994

    Source: Property Professionals

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

    Overview

    Commercial Property in Parachute

    This commercial property is located in the heart of Parachute and is zoned Old Town Center. The building features three units and offers potential for various commercial uses, presenting an opportunity for investors or business owners seeking a commercial space.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Parachute
    County
    Garfield
    State
    Colorado
    Longitude
    -108.085
    Latitude
    39.5849

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    FAQs

    What type of property is this?
    Storefront property - Three-unit commercial property in Parachute's Old Town Center zone.
    Where is this storefront property located?
    The property is located at 111 Russey Ave Parachute, CO.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: - Commercial location in the heart of Parachute.; - Zoned Old Town Center.; - 3-unit property.
    (970) 361-8640
    Request Owner's contact information
    111 Russey Ave Parachute, CO 81635
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    Parachute, CO 81635
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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
    111 Russey Ave Parachute, CO 81635
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