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

    227 Midland Ave, Unit 15A Basalt, CO 81621

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

    Chic, remodeled retail space in downtown Basalt with street presence.

    Property Features for 227 Midland Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Sally Shiekman
    Source: Exprealty

    Listing Agency: Aspen Snowmass Sotheby's International Realty - Hyman Mall Listing Agent: Sally Shiekman

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

    Learn more

    Property Insight Report

    Overview

    Remodeled Retail Space in Basalt

    This beautifully remodeled space is suitable for retail, salon, or other professional services. It is located along the newly completed Midland Avenue streetscape in downtown Basalt, offering street presence and convenient off-street parking. The interior, designed by Aspen Design House, merges sophisticated style with durable, high-quality materials. Features include Waterworks tile, Brizo faucets, Caesarstone countertops, Phillip Jeffries wall coverings, custom built-in cabinetry and hardware, and rich walnut accents. Tall, wide windows provide natural light. Additional highlights include LED track lighting, central A/C, built-in desk areas, a sleek kitchenette with pull-out refrigerator and freezer drawers, and a newly remodeled private bathroom. This space is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stephen Chase Dental Office TBI Therapy Medical Clinic Wren's Nest Art ... Art Studio Basalt Dentistry Dental Office Our Nurses Inc Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Basalt
    County
    Eagle
    State
    Colorado
    Longitude
    -107.031642
    Latitude
    39.368716

    Nearby Similar for Sale

    • $855,000
      0.06 Acres

      Versatile Commercial Unit in Basalt

      Adaptable commercial space suitable for various professional and creative uses.
      74 Sunset Dr, Basalt, CO 81621
      View Details
    • $855,000
      1,214 SF

      Commercial Unit in Basalt, CO

      Versatile ground floor commercial unit suitable for various uses.
      74 Sunset Dr, Basalt, CO 81621
      View Details
    • $499,000
      722 SF

      Basalt Commercial Space with River Views

      Tastefully decorated commercial space near downtown Basalt with river views.
      23286 Two Rivers Rd, Basalt, CO 81621
      View Details
    • $740,000
      1,046 SF

      Class-A Office Space in Basalt

      Light and bright office space in Willits Town Center.
      711 E Valley Rd, Basalt, CO 81621
      View Details
    • $12,500,000
      5,364 SF

      Historic Landmark Mixed-Use Potential

      Iconic Basalt property with redevelopment potential in prime downtown location.
      165 Midland Ave, Basalt, CO 81621
      View Details
    • $1,595,000
      2,038 SF

      Downtown Basalt Office Space

      Office space in historic downtown Basalt, Colorado.
      229 Midland Ave, Basalt, CO 81621
      View Details
    • $12,500,000

      Historic Basalt Property with Redevelopment Potential

      Iconic mixed-use property in downtown Basalt with redevelopment potential.
      165 Midland Ave, Basalt, CO 81621
      View Details
    • $16,400,000
      11.76 Acres

      Basalt Mixed-Use Resource Zoned Property

      Mixed-use property with river frontage, existing tenants, and residential home.
      0044 Hooks Ln, Basalt, CO 81621
      View Details
    • $2,050,000
      0.46 Acres

      Basalt Commercial Development Opportunity

      Approved development rights for retail and deed-restricted housing.
      unit The Edge At Tree Farm Tree Farm Dr, Basalt, CO 81621
      View Details
    • $16,400,000
      2,000 SF

      Mixed-Use Property in Basalt, Colorado

      Mixed-use property with river frontage, tenants, home, outbuildings, and land.
      0044 Hooks Ln, Basalt, CO 81621
      View Details
    • $4,500,000
      7,000 SF

      Turnkey Food Production Facility

      7,000 SF commercial space with extensive cold storage.
      218 W Cody Ln, Basalt, CO 81621
      View Details
    • $2,495,000
      1,876 SF

      New Construction Townhome in Basalt

      Luxury townhome with high-end finishes and outdoor amenities.
      337 Stotts Ml Rd, Basalt, CO 81621
      View Details

    FAQs

    What type of property is this?
    Retail space - Chic, remodeled retail space in downtown Basalt with street presence.
    Where is this retail space located?
    The property is located at 227 Midland Ave, Unit 15A Basalt, CO.
    What are key features of this property?
    This property features: - Prime downtown Basalt location on Midland Avenue with high visibility and convenient off-street parking.; - Beautifully remodeled, one-of-a-kind interior designed by Aspen Design House.; - Suitable for retail, salon, or other professional services.
    (970) 925-6060
    Request Owner's contact information
    227 Midland Ave, Unit 15A Basalt, CO 81621
    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.
    227 Midland Ave, Unit 15A
    Basalt, CO 81621
    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
    227 Midland Ave, Unit 15A Basalt, CO 81621
    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!
    Listing Contact
    Sally Shiekman
    (970) 925-6060
    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!