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    Established Gym with Growth Potential Title is generated by Realmo AI

    261 Commerce Street, Craig, CO 81625

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    Claim this Listing
    For Sale
    $799,000

    COMMERCIAL - Craig, CO

    Property size:
    8,824 SF
    Lot size:
    1.13 Acres
    Price / SF:
    $90/SF
    Added:
    May 26, 2025
    Days on Market:
    354
    Last Refresh:
    May 14 at 6:06 pm

    Property Features for 261 Commerce Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    085502208901
    Size
    8,824 SF
    Lot size
    1.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Subd: PINE RIDGE #1 COMM Lot: 7 Block: 4
    Tax Annual Amount
    2464

    Utilities

    Water source
    Public

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Janalee Adams
    Janalee Adams

    Listing agent Janalee Adams License #ER100070350

    Listing office RE/MAX About You 563 Pershing St, Craig, CO

    Listing date May 26, 2025

    MLS# 188378

    Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey fitness center with established business and loyal clientele.
    • Spacious 9,000 sq. ft. facility on a 1+ acre lot with dedicated areas for diverse fitness activities.
    • Comprehensive selection of gym equipment included (free weights, ellipticals, treadmills, rock‑climbing wall).
    • Recent upgrades include newer roofing and a brand‑new water heater.
    • Well‑maintained locker rooms with multiple showers, sinks, and toilet stalls.
    • Opportunity to purchase the building and business separately.

    Overview

    This established fitness center in Craig, CO, presents a turnkey opportunity for a new owner. Situated on a 1.13-acre lot, the property features nearly 9,000 square feet of space. The layout includes dedicated areas for weight training, cardio, cross training, martial arts, yoga, Pilates, and specialized fitness stations. The facility is equipped with a comprehensive selection of gym equipment, including free weights, ellipticals, treadmills, and a rock-climbing wall. Well-maintained locker rooms are available, featuring multiple showers, sinks, and toilet stalls. Recent upgrades include a newer roof and a brand-new water heater. The gym is a popular destination for fitness enthusiasts and is integrated into the local community. All equipment is included in the sale, allowing for a seamless transition. The property is located at 261 Commerce Street, Craig, CO 81625. The building and business can be sold separately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trapper Fitness Center Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Studio 124 — 154 Commerce St, Craig, CO 81625
    • Trapper Fitness Center — 261 Commerce St, Craig, CO 81625

    Location Insight

    • Map
    • Local Demand
    City
    Craig
    County
    Moffat
    State
    Colorado
    Longitude
    -107.575762
    Latitude
    40.509916

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    FAQs

    What type of property is this?
    Fitness center & gym - Turnkey fitness center on 1+ acre lot in Craig, CO.
    Where is this fitness center & gym located?
    The property is located at 261 Commerce Street Craig, CO.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Turnkey fitness center with established business and loyal clientele.; Spacious 9,000 sq. ft. facility on a 1+ acre lot with dedicated areas for diverse fitness activities.; Comprehensive selection of gym equipment included (free weights, ellipticals, treadmills, rock‑climbing wall).
    (970) 824-7000
    We can help!
    Listing Contact
    Janalee Adams
    Janalee Adams
    Real Estate License ID: ER100070350
    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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