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    Highway Retail Center For Sale Title is generated by Realmo AI

    401 US Highway 24 N, Buena Vista, CO 81211

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    Retail center with long-term leases and highway frontage.

    Type:Retail
    Property size:
    13,230 SF
    Added:
    Nov 21, 2025
    Days on Market:
    192
    Last Refresh:
    May 19 at 9:52 pm

    Property Features for 401 US Highway 24 N

    General Information

    Standard status
    Active
    Size
    13,230 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Dallas Sandberg
    Dallas Sandberg

    Listing agent Dallas Sandberg License #FA100074750

    Listing office Pinnacle Real Estate Advisors

    Listing date Nov 21, 2025

    Source Pinnaclerea

    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 Pinnacle Real Estate Advisors

    HighLights

    • Anchored by a long‑term, corporately leased Family Dollar (Dollar Tree, Inc.)
    • NNN Lease Structure: Minimal landlord responsibilities with strong cash flow potential
    • Includes additional tenancy from Little Daisy Liquor, providing stable supplemental income
    • Located on U.S. Highway 24, capturing daily traffic
    • Serves Buena Vista’s ~2,800 residents, broader Chaffee County, and a high volume of seasonal tourists
    • Over 147 feet of prominent highway frontage

    Overview

    This retail center, totaling approximately 13,230 square feet, is strategically located along U.S. Highway 24 between Poncha Springs and Leadville. The property benefits from consistent daily traffic from commuters, regional residents, and tourists en route to outdoor activities. Anchored by a long-term, corporately leased Family Dollar, a subsidiary of Dollar Tree, Inc., and Little Daisy Liquor, both on long-term NNN leases, the center features over 147 feet of prominent highway frontage. It serves Buena Vista’s approximately 2,800 residents, the broader Chaffee County community, and a steady stream of eco-tourism visitors. Situated near the Collegiate Peaks and the Arkansas River, the area offers outdoor activities and views. The historic downtown area features shops, restaurants, and community events. The location provides easy access to major highways and local amenities. The NNN lease structure offers minimal landlord responsibilities and strong cash flow potential. The property captures daily traffic from commuters, tourists, and residents traveling between Poncha Springs and Leadville.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store Cardtronics Atm

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Big Box & Wholesale Store Building Supply Real Estate Agency Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — City Markets, 438 US-24, Buena Vista, CO 81211

    Location Insight

    • Map
    • Local Demand
    City
    Buena Vista
    County
    Chaffee
    State
    Colorado
    Longitude
    -106.136
    Latitude
    38.8477

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    FAQs

    What type of property is this?
    Shopping center - Retail center with long-term leases and highway frontage.
    Where is this shopping center located?
    The property is located at 401 US Highway 24 N Buena Vista, CO.
    What are key features of this property?
    This property features: Anchored by a long‑term, corporately leased Family Dollar (Dollar Tree, Inc.); NNN Lease Structure: Minimal landlord responsibilities with strong cash flow potential; Includes additional tenancy from Little Daisy Liquor, providing stable supplemental income
    (928) 713-0621
    We can help!
    Listing Contact
    Dallas Sandberg
    Dallas Sandberg
    Real Estate License ID: FA100074750
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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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