Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Ignacio Acreage For Sale Title is generated by Realmo AI

    Tbd Goddard Avenue, Ignacio, CO 81137

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $360,000

    1.737 acre commercial land in Ignacio, ready for development.

    Property size:
    75,664 SF
    Lot size:
    1.74 Acres
    Price / SF:
    $4/SF
    Added:
    Apr 17, 2022
    Days on Market:
    1502
    Last Refresh:
    May 12 at 9:07 pm

    Property Features for Tbd Goddard Avenue

    General Information

    Standard status
    Active
    Size
    75,664 SF
    Lot size
    1.74 Acres
    Property subtype
    Other

    We can help!

    Listing Contact
    Tammie Bates

    Listing agent Tammie Bates

    Listing office Code of the West Real Estate, LLC

    Listing date Apr 17, 2022

    Source Xome

    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 Code of the West Real Estate, LLC

    HighLights

    • 1.737 acre tract in the heart of Ignacio, ready for development.
    • Utilities in place: water, sewer, gas, and electric.
    • Seller willing to split parcel.
    • Excellent location: frontage on Goddard Avenue, near post office, doctor, Family Dollar, and Ignacio Fair Grounds.
    • Close proximity to amenities: 5 minutes to a Casino, 25 minutes to Durango, 15 minutes to Bayfield, 45 minutes to Pagosa, 25 minutes to Navajo Lake.
    • Zoning: Mixed Use

    Overview

    This 1.737-acre tract is located in the heart of in-town Ignacio, offering a lucrative opportunity for investors. The property features frontage on Goddard Avenue and is situated across the street from the Post Office and a local doctor's office, as well as near the Family Dollar and across from the Ignacio Fair Grounds. A casino is located within 5 minutes of the property. Utilities including water, sewer, gas, and electric are in place. The property is a combination of concrete and asphalt in places. The seller is willing to split the parcel, allowing a buyer to use the entire property or develop a portion and sell the remaining lots. The location is 25 minutes from Durango, 15 minutes from Bayfield, 45 minutes from Pagosa, and 25 minutes from Navajo Lake. The parcel is ready for development. Building to be moved next week.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ignacio
    County
    La Plata
    State
    Colorado
    Longitude
    -107.65
    Latitude
    37.0891

    Nearby Similar for Sale

    • $689,000
      5,760 SF

      Ignacio Multifamily Property For Sale

      Multifamily property in Ignacio, Colorado, with 5760 square feet.
      470 Burns Ave., Ignacio, CO 81137
      View Details
    • $1,750,000
      3,120 SF

      Retail Property in Ignacio, Colorado

      Retail property featuring 3,120 square feet of space.
      777 County Road 977, Ignacio, CO
      View Details
    • $400,000

      Land For Sale Ignacio, CO

      38.98 acre land parcel available in Ignacio, Colorado.
      HWY 172, Ignacio, CO 81137
      View Details
    • $229,000

      Ignacio, CO Land For Sale

      40 acre land parcel in Ignacio, Colorado.
      7371 County Road 310, Ignacio, CO 81137
      View Details
    • $125,000

      Ignacio, CO Land For Sale

      36.09 acre land parcel in Ignacio, Colorado.
      2114 County Road 318, Ignacio, CO 81137
      View Details
    • $55,000

      Land Near Navajo Lake

      Land for sale near Navajo Lake State Park.
      160 County Rd 982, Ignacio, CO 81137
      View Details
    • $90,000

      Land Near Navajo Lake

      11.5 acres near Navajo Lake with natural spring.
      NYA ROAD 4025, Middle Mesa, NM 81137
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.737 acre commercial land in Ignacio, ready for development.
    Where is this commercial land located?
    The property is located at Tbd Goddard Avenue Ignacio, CO.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: 1.737 acre tract in the heart of Ignacio, ready for development.; Utilities in place: water, sewer, gas, and electric.; Seller willing to split parcel.
    We can help!
    Listing Contact
    Tammie Bates
    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

    Thank You for Inquiry
    Tbd Goddard Avenue, Ignacio, CO 81137
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!