Property profile

426 1st St Kersey, CO 80644

OFF-MARKET
Retail space
Property ID
US13-1091328
1,536 SF 0.22 ac lot Built 1934
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional investment opportunity in Kersey, Colorado! This unique property, located at 426 1st St, combines a well-established laundromat with significant rental income potential. The 1,536 square foot building, constructed in 1934 and situated on a 0.22-acre lot (APN R4157386), is zoned C and offers a diverse range of income streams. The laundromat itself has been recently updated and has enjoyed decades of successful operation. In addition to the laundromat, the property includes a two-bay car wash (one bay currently operational), a one-bedroom apartment, and a separate shop. The apartment, recently rented for $1,100 per month, and the shop, previously rented for $800 per month, present immediate opportunities for rental income generation. The asking price of $429,900 includes all existing equipment and fixtures. This single-story building presents a rare chance to acquire a turnkey business with substantial upside potential through maximizing rental income from the vacant apartment and shop. This is a truly unique opportunity to own a profitable business and generate passive income. Don't miss out on this exceptional investment opportunity!

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1934
Construction WOOD
Total area 1,536 SF
Lot 0.22 ac (9,583 SF)
APN R4157386
UPID US13-1091328

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Car Wash

Location

426 1st St Kersey, CO 80644-5001
Kersey metro Census 1600 GREELEY, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2023
Last sale
$300,000
1 recorded transaction
2023
$300,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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