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    2757 Colorado Blvd Idaho Springs, CO 80452

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    For Sale
    $1,500,000

    High-traffic land suitable for multi-family or mixed-use development.

    Property size:
    3,191 SF
    Lot size:
    0.71 Acres

    Property Features for 2757 Colorado Blvd

    General Information

    Standard status
    Active
    Size
    3,191 SF
    Lot size
    0.71 Acres

    Building Details

    Year built
    1938

    We can help!

    Listing Contact
    Joshua Spinner
    Source: Corcoran

    Listing Agency: CLEAR CREEK REALTY COLORADO LLC Listing Agent: Joshua Spinner

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

    Learn more

    Overview

    Prime Land in Idaho Springs

    Located in historic Idaho Springs, this property benefits from high visibility with over 22 million cars passing by annually. The site is positioned just off the first Idaho Springs exit on the main thoroughfare. The property is located across the street from the Argo development site, which will include a gondola, amphitheater, restaurant, and mountain bike trail system. It is also steps away from Clear Creek and two new walking bridges, and adjacent to the new Clear Creek Greenway bike path connecting Summit County to Golden, Colorado. The location is near establishments such as Starbucks, McDonalds, and Subway. The property is half an hour from the Denver Metro area, blocks from the historic district, and close to ski areas and the Georgetown Loop Railroad. Multiple casinos are also nearby. The property features street frontage in both the front and back, making it suitable for a drive-thru or rear parking. New city infrastructure includes gas, water, sewer, sidewalks, and pavement on Colorado Boulevard, with upgraded water and sewer lines on the property. Currently, there is an old hotel and two homes on this combined 0.7 acre lot (3191 square feet). The adjacent property is also available. The seller suggests that the highest and best use would probably be multi-family or mix use with retail. Paid parking is another potential use. There are currently 2-3 rental units, 1-2 garages and storage units that can generate income while waiting to develop the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Real Estate Agency Hair Salon Nail Salon Gym & Fitness Center Big Box & Wholesale Store Department Store Kitchen & Bath Showroom Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Idaho Springs
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.5279755
    Latitude
    39.7436348

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    FAQs

    What type of property is this?
    Commercial land - High-traffic land suitable for multi-family or mixed-use development.
    Where is this commercial land located?
    The property is located at 2757 Colorado Blvd Idaho Springs, CO.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - High-traffic location with 22 million cars annually, ideal for retail or mixed-use.; - Proximity to the Argo development site featuring a gondola, amphitheater, restaurant, and mountain bike trail system.; - Income potential from existing rental units (hotel, homes, garages, storage).
    (303) 825-2626
    Request Owner's contact information
    2757 Colorado Blvd Idaho Springs, CO 80452
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    Idaho Springs, CO 80452
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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
    2757 Colorado Blvd Idaho Springs, CO 80452
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    We can help!
    Listing Contact
    Joshua Spinner
    Real Estate License ID: 40019945
    (303) 825-2626 (303) 567-1010
    Learn more
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