Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Eagle Colorado Development Opportunity Title is generated by Realmo AI

    546 Grand Avenue, Eagle, CO 81631

    View on Map
    Claim this Listing
    For Sale
    $4,500,000

    1.87 acre mixed-use development parcel in Eagle's historic core.

    Type:Commercial
    Property size:
    1,947 SF
    Lot size:
    1.87 Acres
    Price / SF:
    $2,311/SF
    Added:
    Apr 7, 2025
    Days on Market:
    424
    Last Refresh:
    May 11 at 1:05 am

    Property Features for 546 Grand Avenue

    General Information

    Standard status
    Active
    Size
    1,947 SF
    Lot size
    1.87 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1908

    We can help!

    Listing Contact
    TJ J DAVIS

    Listing agent TJ J DAVIS

    Listing office SLIFER SMITH & FRAMPTON - EAGLE

    Listing date Apr 7, 2025

    Source Corcoran

    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 SLIFER SMITH & FRAMPTON - EAGLE

    HighLights

    • 1.87‑acre parcel in Old Town Eagle with Commercial Mixed Use (CMU2) zoning, offering significant development potential.
    • Prime location with unmatched visibility and multiple access points from Grand Avenue and 6th Street.
    • Water rights to the Neilson South Ditch included.
    • Proximity to Eagle River Path, Eagle River Park, and Eagle County Fairgrounds via a flashing crosswalk.
    • Minutes from Eagle County Regional Airport.
    • Includes a well‑maintained 1908 Sears Roebuck home (4 bed, 1.5 bath) and a two‑story barn.

    Overview

    This 1.87-acre parcel presents a development opportunity in Eagle, Colorado. Zoned Commercial Mixed Use (CMU2), the property benefits from water rights to the Neilson South Ditch and high visibility. It features two access points from Grand Avenue and one from 6th Street, providing connectivity and exposure. The location is near the Eagle County Regional Airport. Included on the property is a 1908 Sears Roebuck home with 4 bedrooms and 1.5 baths, along with a two-story barn. (Sale excludes greenhouses and other outbuildings.) Adjacent to the west entrance, a flashing crosswalk provides direct access to the Eagle River Path, Eagle River Park, and the Eagle County Fairgrounds. The property is located in Eagle's recreation corridor. The population has grown to 7,511, a 15% increase since 2010. The median household income exceeds $100K. The property offers development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Eagle
    County
    Eagle
    State
    Colorado
    Longitude
    -106.765
    Latitude
    39.602

    Nearby Similar for Sale

    • $525,000
      2,197 SF

      Two-Story Industrial Unit in Eagle

      Two-story industrial unit with office potential in Eagle, Colorado.
      210 Marmot Lane, Eagle, CO 81631
      View Details
    • $1,100,000
      4,500 SF

      Eagle, CO Industrial Unit

      Industrial unit in Eagle with excellent visibility and accessibility.
      936 Chambers Court, Eagle, CO 81631
      View Details
    • $699,000
      1,440 SF

      Eagle, CO Duplex with Yard

      Four-bedroom duplex in downtown Eagle with fenced yard and parking.
      205 King Road, Eagle, CO 81631
      View Details
    • $1,390,000
      4,749 SF

      Versatile Commercial Property in Eagle

      Premium commercial property with three distinct units and investment potential.
      11 Eagle Park E Drive, Eagle, CO 81631
      View Details
    • $2,395,000
      5,919 SF

      Mixed-Use Building in Downtown Eagle

      Two-story mixed-use building with commercial and residential units.
      105 Capitol Street, Eagle, CO 81631
      View Details
    • $445,000

      Eagle Ranch Homesite with Golf Views

      Desirable homesite in Eagle Ranch with mountain and golf views.
      308 N Penstemon Lane, Eagle, CO 81631
      View Details
    • $385,000

      Eagle, CO Homesite Opportunity

      1+ acre homesite in Eagle Ranch with mountain views.
      1037 Hernage Creek Road, Eagle, CO 81631
      View Details
    • $750,000

      Eagle, CO Land Opportunity

      9+ acre land parcel with diverse landscape and views.
      Pond Road, Eagle, CO 81631
      View Details
    • $395,000

      Eagle Ranch Homesite Opportunity

      Desirable homesite in Eagle Ranch with golf course views.
      219 Thresher Court, Eagle, CO 81631
      View Details
    • $380,000

      Eagle Ranch Golf Course Homesite

      Residential land on Eagle Ranch Golf Course with mountain views.
      111 Thresher Court, Eagle, CO 81631
      View Details
    • $396,000

      Eagle, CO Homesite Opportunity

      Premier 0.68-acre homesite with mountain, valley, and meadow views.
      100 Prospect Peak Road, Eagle, CO 81631
      View Details
    • $4,995,000

      Eagle, CO Development Opportunity

      Large lot with development potential or rental income.
      404 Brooks Lane, Eagle, CO 81631
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.87 acre mixed-use development parcel in Eagle's historic core.
    Where is this commercial land located?
    The property is located at 546 Grand Avenue Eagle, CO.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: **1.87‑acre parcel in Old Town Eagle with Commercial Mixed Use (CMU2) zoning, offering significant development potential.**; **Prime location with unmatched visibility and multiple access points from Grand Avenue and 6th Street.**; Water rights to the Neilson South Ditch included.
    (970) 328-2550
    We can help!
    Listing Contact
    TJ J DAVIS
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    546 Grand Avenue, Eagle, CO 81631
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!