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    5490 Parmalee Gulch Rd Indian Hills, CO 80454

    For Sale
    $1,079,000

    Historic Meeting Venue, 2,918 SF

    Property size:
    2,918 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity, located at 5490 Parmalee Gulch Rd, Indian Hills, CO 80454, presents a unique chance to acquire a charming, historic building. Built in 1928, this single-story, 2,918 square foot property sits on a substantial 52,418-acre lot and is zoned C-1, allowing for a variety of retail uses. The asking price is $1,079,000, translating to $369.77 per square foot. The property's current configuration is ideally suited for a meeting venue, offering a versatile space for various retail concepts. Its historic character and prime location in Indian Hills, Jefferson County, Colorado, provide a distinct advantage in a competitive market. The property is available for occupancy on June 24, 2024. This presents a compelling investment opportunity for those seeking a high-return asset with significant potential for growth. The expansive lot size offers considerable future development possibilities, adding further value to this already attractive property. This is a rare chance to own a piece of Indian Hills history while capitalizing on the vibrant retail landscape. Don't miss this chance to secure a truly exceptional retail investment.

    Property Features for 5490 Parmalee Gulch Rd

    General Information

    Property type
    Retail properties
    Square Feet
    2,918 SF
    Lot Size
    2,283,328,080 SF

    Building Details

    Year Built
    1928
    Stories
    1

    HighLights

    • Exceptional retail investment opportunity in Indian Hills, CO.
    • Historic 2,918 SF building on a 52,418‑acre lot.
    • Zoned C‑1, allowing for various retail uses.
    • Asking price: $1,079,000 ($369.77/SF).
    • Available for occupancy June 24, 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Council of Academic Programs ... Technical School JMS Association Management ... Association / Organization The Meeting Sanctuary Event Venue Colorado Space Business ... Association Or Organization Gorm International Exporter

    Suggested Use

    Restaurant Spa & Massage Building Supply Hair Salon Nail Salon Hotel & Motel Gym & Fitness HVAC Service Bar & Pub Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Hills
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.2365818
    Latitude
    39.6175108

    Nearby Comparable

    • $884,000
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      Charming Retail Space in Indian Hills

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      5490 S Parmalee Gulch Rd, Indian Hills, CO 80454
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    Nearby Similar for Sale

    • $884,000
      2,918 SF

      Charming Retail Space in Indian Hills

      Unique retail investment opportunity in the heart of Indian Hills.
      5490 S Parmalee Gulch Rd, Indian Hills, CO 80454
      View Details

    FAQs

    What type of property is this?
    Retail property - Historic Meeting Venue, 2,918 SF
    Where is this retail property located?
    The property is located at 5490 Parmalee Gulch Rd Indian Hills, CO.
    What is the asking price?
    The asking price for this property is $1,079,000.
    What are key features of this property?
    This property features: Exceptional retail investment opportunity in Indian Hills, CO.; Historic 2,918 SF building on a 52,418-acre lot.; Zoned C-1, allowing for various retail uses.
    (303) 838-2000
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    5490 Parmalee Gulch Rd Indian Hills, CO 80454
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    Indian Hills, CO 80454
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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
    5490 Parmalee Gulch Rd Indian Hills, CO 80454
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