859 Steinfelt Pkwy Fairplay, CO 80440
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.