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Property profile & analytics
OFF-MARKET
Mixed-use properties

380 Airport Rd Durango, CO 81303

96,837 SF 9.96 ac lot Built 2007
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, situated adjacent to the Durango La Plata County Airport, presents a unique investment opportunity. The expansive 9.96-acre site boasts a substantial 96,837 square feet of developed space, offering a blend of commercial and office uses. A significant portion comprises over 73,000 square feet of Class A office space, featuring modern amenities such as elevators, floor-to-ceiling windows in corner conference rooms, multiple large meeting areas, private offices, cubicles, workstations, a fitness center, and two kitchenettes. The large meeting rooms have a capacity of over 360 people. Office space leases are currently at $8 per square foot, with an additional $2 per square foot available for tenant improvements. Adding to the income stream, a 16,595 square foot building is partially leased to Spriggs Excavation, and a 7,242 square foot shop is fully leased to ModStreet. Ample parking is provided with over 200 spaces spread across 1.5 acres of paved area. The property's strategic location offers convenient access to Durango (14 miles), Bayfield (15 miles), and Ignacio (10 miles), making it an ideal hub for businesses and employees. The property sits on 10 usable acres of flat land, providing significant potential for future development or expansion. This is a rare opportunity to acquire a substantial, high-quality commercial property in a thriving Durango location.

Property profile
Verified
Property type Mixed-use properties
Year built 2007
Total area 96,837 SF
Lot 9.96 ac (433,858 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Spriggs Excavation Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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