Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    717 Sixth St Unit B Crested Butte, CO 81224

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime retail space in Crested Butte's Majestic Plaza.

    Type:Retail
    Property size:
    437 SF
    Added:
    May 22, 2024
    Days on Market:
    696
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 717 Sixth St Unit B

    General Information

    Standard status
    Active
    Size
    437 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1981

    We can help!

    Listing Contact
    Heather Woodward

    Listing agent Heather Woodward License #100001951

    Listing office Heather Woodward Realtor

    Listing date May 22, 2024

    Source Crexi

    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 Heather Woodward Realtor

    Overview

    Crested Butte Retail Space

    Located in Crested Butte, Colorado, Unit B of the Majestic Plaza is a retail space currently occupied by Misty Mountain Floral. Situated at the entrance to town, the property benefits from high visibility and proximity to the town's bus shuttle service. The retail space features a storefront and a large parking area. The space is currently used as a floral shop that crafts floral arrangements for weddings, events, and everyday occasions, also offering home decor and unique gifts. Crested Butte is a historic mountain town that attracts visitors annually. The property is suitable for an entrepreneur interested in continuing the shop's legacy. The property has a size of 437 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Auto Repair Shop Big Box & Wholesale Store Dental Office Nail Salon Department Store Garden Center Building Supply Storage Facility HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crested Butte
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.92
    Latitude
    38.8937

    Nearby Similar for Sale

    • $4,275,000
      8,568 SF

      Versatile Commercial Property in Crested Butte

      Multi-use property with retail, office, and industrial spaces.
      322 Belleview Avenue, Crested Butte, CO 81224
      View Details
    • $389,000
      4,000 SF

      Established Event Rental Business

      Event rental company serving the Gunnison Valley for sale.
      80 Buckley Drive, Crested Butte, CO 81224
      View Details
    • $507,000
      564 SF

      Crested Butte Retail/Commercial Unit

      564 SF retail/commercial unit in the heart of Crested Butte.
      309 Belleview - #1-A Commercial, Crested Butte, CO 81224
      View Details
    • $530,000
      573 SF

      Retail Unit in Crested Butte

      573 SF retail unit in the heart of Crested Butte.
      309 Belleview - #1-B Commercial, Crested Butte, CO 81224
      View Details
    • $625,000
      829 SF

      Crested Butte Office Space

      Excellent street-level office space in Crested Butte's best commercial building.
      426 Belleview Avenue, Crested Butte, CO 81224
      View Details
    • $697,000
      820 SF

      Crested Butte Retail/Office Unit

      820 SF retail/office space in the heart of Crested Butte.
      309 Belleview - #1-C Commercial, Crested Butte, CO 81224
      View Details
    • $949,000
      1,925 SF

      Versatile Office Space Near Elk Avenue

      1925 SF office space in Crested Butte's Historic District.
      214 Sixth Street, Crested Butte, CO 81224
      View Details
    • $699,000
      1,347 SF

      Mixed-Use Property in Crested Butte

      Commercial space and long-term rental condo in prime location.
      611 Third Street, Crested Butte, CO 81224
      View Details
    • $599,000
      989 SF

      Versatile Mixed-Use Property in Crested Butte

      Unique property with office space and residential condo in downtown.
      503 Red Lady Avenue, Crested Butte, CO 81224
      View Details
    • $3,000,000
      4,073 SF

      Crested Butte Multi-Use Building

      Multi-unit building with commercial and residential spaces in Crested Butte.
      309 Belleview Avenue, Crested Butte, CO 81224
      View Details
    • $155,000

      Crested Butte Residential Land

      Hillside lot with views in Crested Butte, Colorado.
      263 Anderson Drive, Crested Butte, CO 81224
      View Details
    • $1,350,000
      2,099 SF

      Mixed-Use Property in Crested Butte

      Multi-use property with retail and residential space in prime location.
      428 Elk Avenue, Crested Butte, CO 81224
      View Details

    FAQs

    What type of property is this?
    Storefront property - Prime retail space in Crested Butte's Majestic Plaza.
    Where is this storefront property located?
    The property is located at 717 Sixth St Unit B Crested Butte, CO.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Prime retail location in Crested Butte, one of the first retail spaces seen when entering town.; Thriving floral shop with tripling sales and wedding bookings over the past three years.; Turnkey business opportunity with well‑curated inventory and loyal customer base.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Heather Woodward
    Real Estate License ID: 100001951
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!