Freestanding Retail/Office
131 Sherman St Fort Morgan, CO 80701
New
For Sale
$665,000
Single-story commercial building on a prominent corner lot with paved frontage and on-site off-street parking.
Property Size4,835 SF
Lot Size0.52 Acres
Price / SF$137.54
Days on Market2
Property Features for 131 Sherman St
General Information
- Standard status
- Active
- Size
- 4,835 SF
- Lot size
- 0.52 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing Agency:
(303) 330-7002
Listed By:
Valerie Beltran · License #040002365
(303) 330-7002
Source:
Elliman
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 6:23PM
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 Valerie Beltran
Investment Insights
Based on property information with market context.
Freestanding single-story commercial property in Fort Morgan, CO offering versatile retail and office-style space. The building is constructed with durable brick, concrete, frame, and wood siding beneath a composition roof. A business center configuration is in place, and the listing notes that fixtures and equipment are included. Safety features include smoke detectors throughout the property, and public water and sewer services are connected. Utilities include electricity, natural gas, and availability of cable and phone.
Set on a prominent corner lot in Morgan County within the Retail TRD zoning district, the site provides paved public road frontage with convenient customer access. The property includes a circular concrete driveway and five off-street parking spaces.
Designed for flexible commercial use, this well-maintained facility combines a functional interior layout with practical site improvements that support day-to-day operations and customer visits.
Set on a prominent corner lot in Morgan County within the Retail TRD zoning district, the site provides paved public road frontage with convenient customer access. The property includes a circular concrete driveway and five off-street parking spaces.
Designed for flexible commercial use, this well-maintained facility combines a functional interior layout with practical site improvements that support day-to-day operations and customer visits.
Key Highlights
- Free‑standing single‑story commercial property built in 1955 with approximately 4,835 SF of retail/commercial space
- Over half‑acre lot (22,500 SF) on a prominent corner with paved public road frontage and customer access
- Brick, concrete, frame, and wood siding construction under a composition roof
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.0k | $18.00 |
| − Vacancy | −$21.4k | −$4.43 |
| EGI | $65.6k | $13.57 |
| − OpEx | −$16.4k | −$3.39 |
| NOI | $49.2k | $10.18 |
4,835 SF · lease $18.00/SF/yr · vacancy 24.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$703.1K
$615.2K – $820.3K
NOI $49,215 @ 7.0% cap · market cap 7.40%
Second Best
Retail
$694.8K
$607.9K – $810.6K
NOI $48,635 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,098 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carniceria La Sabrosita
Take-out & Catering
Western Union
Bank
J's Check Cashing
Check Cashing
FAQs
What type of property is this?
Retail space - Single-story commercial building on a prominent corner lot with paved frontage and on-site off-street parking.
Where is this retail space located?
The property is located at 131 Sherman St Fort Morgan, CO.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Free‑standing single‑story commercial property built in 1955 with approximately 4,835 SF of retail/commercial space; Over half‑acre lot (22,500 SF) on a prominent corner with paved public road frontage and customer access; Brick, concrete, frame, and wood siding construction under a composition roof
