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    15 Benchmark Rd Avon, CO 81620

    For Sale
    Contact for pricing

    Prime Avon location, 18,499 SF, NNN lease.

    Property size:
    18,499 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional opportunity presents a 18,499 square foot, three-story standalone office building situated on a 0.85-acre lot in the heart of Avon, Colorado. Built in 1994, this property boasts a prime location within walking distance of Avon's vibrant amenities, including restaurants, shops, hotels, professional services, Nottingham Park, and easy access to I-70 and US Highway 6. The Westin Riverfront Gondola is also within close proximity. The property benefits from its location less than 500 feet from Avon Station, a public transportation hub providing access to Eagle County bus routes, as well as state-wide Bustang and Pegasus services. This sale-leaseback opportunity includes a new five-year NNN lease for approximately 5,052 square feet on the first floor, commencing at a market rate of $27 per square foot annually. The remaining space (approximately 13,447 SF) will be delivered vacant, allowing for flexible use. The upper two floors can be utilized by the new owner or leased to other office tenants. Alternatively, given the Town Center zoning, conversion to residential use is permitted. This presents a unique investment opportunity with significant upside potential. The property is zoned for Town Center use. Rent bumps are included in the lease agreement. There is no ground lease associated with this property. A corporate guarantee backs the lease.

    Property Features for 15 Benchmark Rd

    General Information

    Property type
    Retail properties
    Square Feet
    18,499 SF
    Lot Size
    37,026 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    3

    HighLights

    • 18,499 SF office building on a 0.85‑acre lot in Avon, CO.
    • Sale‑leaseback opportunity with a new five‑year NNN lease for approximately 5,052 SF at $27/SF.
    • Building is located in Avon's Town Center, within walking distance of amenities and public transportation.
    • Vacant space offers conversion potential to residential use or leasing opportunities.
    • Corporate guarantee on the lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Avon
    County
    Eagle
    State
    Colorado
    Longitude
    -106.52302315914
    Latitude
    39.634432965221

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    FAQs

    What type of property is this?
    Retail property - Prime Avon location, 18,499 SF, NNN lease.
    Where is this retail property located?
    The property is located at 15 Benchmark Rd Avon, CO.
    What are key features of this property?
    This property features: 18,499 SF office building on a 0.85-acre lot in Avon, CO.; Sale-leaseback opportunity with a new five-year NNN lease for approximately 5,052 SF at $27/SF.; Building is located in Avon's Town Center, within walking distance of amenities and public transportation.
    Request Owner's contact information
    15 Benchmark Rd Avon, CO 81620
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    Avon, CO 81620
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    Realmo Value Estimation

    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.

    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.

    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
    15 Benchmark Rd Avon, CO 81620
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