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    Historic Georgetown Building For Sale Title is generated by Realmo AI

    401 E Rose Street E, Georgetown, CO 80444

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    For Sale
    $995,000

    COMMERCIAL - GEORGETOWN, CO

    Property size:
    3,000 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $331/SF
    Added:
    Jul 18, 2025
    Days on Market:
    301
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 401 E Rose Street E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1959-172-24-004
    Size
    3,000 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1575

    Utilities

    Heating system
    Central, Natural Gas, Oil, Baseboard, Hot Water(Heating)

    Building Details

    Year built
    1875
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Laura M. Howse

    Listing agent Laura M. Howse

    Listing office Keller Williams Top Of Rockies P.O. Box 4802 605 Main Street, Frisco, CO

    Listing date Jul 18, 2025

    MLS# S1061566 Listing URL

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

    HighLights

    • Rare opportunity to own a historic building in the heart of Georgetown's National Historic Landmark District.
    • Income‑generating potential with flexible configuration as up to four rental units or owner‑occupied residence with rentals.
    • Recent renovations including repointed stucco exterior, new roof surface with transferable 5‑year warranty, and updated kitchen/baths.
    • Prime location near downtown restaurants, shops, and activities, with ample parking.
    • Large private deck and additional outdoor space.
    • Strong rental market in a growing tourist destination, close to Denver and world‑class skiing.

    Overview

    Located in the heart of the National Historic Landmark District in Georgetown, Colorado, the Teal Building presents a unique opportunity. Constructed in 1875, this building is situated two blocks from the main intersection of Rose and 4th Street, near restaurants and shops. The property, with over 3,000 sq. ft., is suitable as a private residence with rentals, offering potential for an owner-occupant or investor. Currently configured as three units, it can function as four units, each with two bedrooms and one bath, or with two units combined into a large duplex. Recent improvements include a new kitchen and bath in the duplex, a new bathroom in the ground floor unit, complete repointing of the stucco exterior and painting, and an upgrade to the roof surface with a transferable 5-year warranty completed in 2022. The property features a large private deck, additional outdoor space, and ample parking on both Rose and 4th Streets. Two units, including the duplex, will be conveyed vacant. The building benefits from extensive windows providing natural light throughout the day. Located just over an hour from Denver and minutes from skiing in Summit, Eagle, or Grand County, Georgetown is a growing tourist destination. Year-round activities include hiking, mountain biking, white water rafting, skiing, festivals, museums, and local tours. This property on a 0.1148-acre lot offers upside potential for investors or owner-users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Parts Store Department Store Skin Care Clinic Dental Office Garden Center Auto Repair Shop Furniture & Home Goods Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.697579
    Latitude
    39.70521

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    FAQs

    What type of property is this?
    Duplex - Rare opportunity in Georgetown's National Historic Landmark District.
    Where is this duplex located?
    The property is located at 401 E Rose Street E Georgetown, CO.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Rare opportunity to own a historic building in the heart of Georgetown's National Historic Landmark District.; Income‑generating potential with flexible configuration as up to four rental units or owner‑occupied residence with rentals.; Recent renovations including repointed stucco exterior, new roof surface with transferable 5‑year warranty, and updated kitchen/baths.
    (970) 368-7000
    We can help!
    Listing Contact
    Laura M. Howse
    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.

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