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    21256 Myers Rd Eckert, CO 81418

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    For Sale
    $699,900

    Well-equipped auto shop on nearly 3 acres with highway visibility.

    Property size:
    4,802 SF
    Lot size:
    2.93 Acres
    Added:
    Feb 19, 2025
    Days on Market:
    435
    Last Refresh:
    Jan 20 at 9:24 am

    Property Features for 21256 Myers Rd

    General Information

    Standard status
    Active
    Size
    4,802 SF
    Lot size
    2.93 Acres

    We can help!

    Listing Contact
    Ronda Slogar
    Ronda Slogar

    Listing agent Ronda Slogar License #FA100078465

    Listing office RE/MAX Mountain West, Inc. - Cedaredge

    Listing date Feb 19, 2025

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Mountain West, Inc. - Cedaredge

    Overview

    Established Automotive Repair Shop

    This established automotive repair shop, known as Surface Creek Auto, presents an opportunity for automotive ventures, business ideas requiring open space, or collectors seeking a display area. Situated on nearly 3 acres, the property features a 4802-square-foot steel-framed shop building with heated space. The property includes tools and equipment suitable for new business owners or experienced mechanics looking to expand. The shop is equipped with two drive-on lifts, a 2-post lift, and a portable lift, providing capacity for multiple simultaneous projects. The shop, office and waiting area, bathroom, and parts room are heated with natural gas in-floor heat. The property offers possibilities to continue as a mechanic shop or transform it to other uses. Ample parking, Highway 65 visibility, and security fencing enhance the property's appeal for various business applications. The undeveloped back side of the land includes some irrigation water.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Skin Care Clinic Auto Parts Store

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

    Similar Places Nearby

    • The Shop Automotive Tire Pros — 12912 CO-65, Eckert, CO 81418
    • Surface Creek Auto — 21256 Myers Rd, Eckert, CO 81418
    • Staging Lane — 21565 North Rd #8405, Eckert, CO 81418
    • ATM (Silverstate Shell-Eckert) — 12610 CO-65, Eckert, CO 81418

    Location Insight

    • Map
    • Local Demand
    City
    Eckert
    County
    Delta
    State
    Colorado
    Longitude
    -107.966
    Latitude
    38.835

    Nearby Similar for Sale

    • $1,400,000

      Colorado Farm/Estate with Grand Mesa Views

      Rare farm with two residences and stocked irrigation pond.
      14951 Cliffside Road, Eckert, CO 81418
      View Details
    • $1,350,000
      2,496 SF

      Turnkey Orchard Estate on 40 Acres

      Western Colorado orchard estate with diverse fruit trees and water rights.
      20809 Nowhere, Eckert, CO 81418
      View Details

    FAQs

    What type of property is this?
    Auto shop - Well-equipped auto shop on nearly 3 acres with highway visibility.
    Where is this auto shop located?
    The property is located at 21256 Myers Rd Eckert, CO.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: Established Automotive Repair Shop: Benefit from an existing business with years of service and a strong reputation.; Large Heated Shop Space: 4802 sq ft steel‑framed building with natural gas in‑floor heating for comfortable year‑round use.; Extensive Equipment Included: Comes with two drive‑on lifts, a 2‑post lift, and a portable lift.
    (970) 856-7369
    We can help!
    Listing Contact
    Ronda Slogar
    Ronda Slogar
    Real Estate License ID: FA100078465
    Learn More
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    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
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