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Property profile & analytics
OFF-MARKET
Commercial real estate

859 Steinfelt Pkwy Fairplay, CO 80440

864 SF Built 1997
Property ID
Property summary
AI-generated overview

This turnkey laundromat in Fairplay, CO, presents a unique investment opportunity. The 864 sq ft facility, situated on a 3,500 sq ft lot with paved parking, enjoys high visibility on Highway 9. Serving Fairplay and surrounding South Park communities (Alma, Hartsel, Como, and Jefferson), this well-maintained business boasts 10 commercial washers and 10 gas dryers, built-in folding tables, and reliable baseboard radiant heat. A recent upgrade includes a 91-gallon Rheem energy-efficient water heater, an automatic locking door, and an 8-camera Lorex security system. Further enhancing operations, Spyderwash credit card readers have been added to 70% of the machines, boosting revenue. An additional 182 sq ft vacant office space offers rental income or expansion potential. The property's Town Center zoning allows for flexible commercial uses. Recent improvements include a freshly painted exterior, a metal roof, and an ADA-compliant ramp. An EV charging station is conveniently located across the street. A newly established website and Google Business profile increase visibility to tourists and locals. This established business offers consistent cash flow, low maintenance, and a prime location in Fairplay's commercial center. The property is priced at $560,000.

Property profile
Verified
Property type Commercial real estate
Year built 1997
Total area 864 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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