Free-Standing Corner Retail
131 Sherman Street Fort Morgan, CO 80701
For Sale
$665,000
Single-story retail/commercial building on a corner lot with paved road frontage, circular driveway, and five off-street parking spaces.
Property Size4,835 SF
Lot Size0.52 Acres
Price / SF$137.54
Days on Market8
Property Features for 131 Sherman Street
General Information
- Standard status
- Active
- Size
- 4,835 SF
- Lot size
- 0.52 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1955
Listing Agency:
Colorado Casas Realty
(303) 330-7002
Listed By:
Valerie Beltran
(303) 330-7002
Source:
Xome
Added: Jul 17
Changed: Jul 24
Last Checked: Jul 24 at 6:48AM
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 Colorado Casas Realty
Investment Insights
Based on property information with market context.
This free-standing, single-story retail/commercial building is positioned on a prominent corner lot with durable brick, concrete, frame, and wood siding construction under a composition roof. The property offers a business center configuration with fixtures and equipment included, along with smoke detectors throughout for added safety. A flexible interior layout supports a range of retail, service, office, or mixed commercial uses.
The site includes paved public road frontage and a circular concrete driveway, with five off-street parking spaces to support customer access. Public water and sewer services are connected, and utilities include electricity and natural gas, with cable and phone availability.
Located in the Retail TRD zoning district, the property is offered for sale with the combination of functional single-story space, accessible site improvements, and included fixtures and equipment.
The site includes paved public road frontage and a circular concrete driveway, with five off-street parking spaces to support customer access. Public water and sewer services are connected, and utilities include electricity and natural gas, with cable and phone availability.
Located in the Retail TRD zoning district, the property is offered for sale with the combination of functional single-story space, accessible site improvements, and included fixtures and equipment.
Key Highlights
- Free‑standing single‑story retail/commercial building with approximately 4,835 SF on a 22,500 SF (over half‑acre) corner lot.
- Brick, concrete, and frame/wood siding construction with a composition roof.
- Business‑center configuration with flexible space suitable for retail, service, office, or mixed commercial uses; fixtures and equipment included.
Financial Insights For Retail
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 | $72.5k | $15.00 |
| − Vacancy | −$3.0k | −$0.63 |
| EGI | $69.5k | $14.37 |
| − OpEx | −$20.8k | −$4.31 |
| NOI | $48.6k | $10.06 |
4,835 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$694.8K
$607.9K – $810.6K
NOI $48,635 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
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
Retail space
FAQs
What type of property is this?
Retail space - Single-story retail/commercial building on a corner lot with paved road frontage, circular driveway, and five off-street parking spaces.
Where is this retail space located?
The property is located at 131 Sherman Street 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 retail/commercial building with approximately 4,835 SF on a 22,500 SF (over half‑acre) corner lot.; Brick, concrete, and frame/wood siding construction with a composition roof.; Business‑center configuration with flexible space suitable for retail, service, office, or mixed commercial uses; fixtures and equipment included.
