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    251 Hwy Byers, CO 80103

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    251 Hwy Byers, CO 80103

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    • Retail properties & Spaces
    • 360 SF
    • 0.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 251 Hwy

    Year built
    1960
    Lot size
    0.12 lot acres
    Property size
    360 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional commercial property, situated at 251 W US Highway 40 in Byers, CO, presents a unique investment opportunity. The 360-square-foot main building, previously used as a barber shop, gift store, and art studio, offers endless possibilities for a variety of businesses. Its convenient location near the local school and within a strong community adds significant value. The property includes a well-maintained shop with a single front entrance, and a separate 12' x 16' insulated shed featuring both front and back doors, and a 12' x 6' deck. Both the shop and shed boast insulated walls and ceilings, along with wall heating units and window air conditioning, ensuring year-round comfort. The 0.12-acre lot provides ample space, with potential for expansion or outdoor use. Priced at $100,000, this property offers a chance to own a business and avoid ongoing rent payments. Ideal for a salon, massage studio, boutique, or similar ventures, this property is ready for its next chapter. The property's history of community engagement, from hosting art classes to supporting local artists, speaks to its potential for continued success. This is a rare chance to establish a thriving business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Byers
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.227
    Latitude
    39.7118

    Comparable in this City

    • Value Estimation by Request
      2,288 SF

      268 Front St

      Retail properties & Spaces • 2,288 SF
      268 Front St, Byers, CO 80103
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    • Value Estimation by Request
      2,610 SF

      Byers, CO 80103

      RETAIL STORES (PERSONAL SERVICES) • 2,610 SF
      Byers, CO 80103
      View Details
    • Value Estimation by Request
      1,650 SF

      973 Us Hwy 36

      AUTO REPAIR, GARAGE • 1,650 SF
      973 Us Hwy 36, Byers, CO 80103-9779
      View Details
    • Value Estimation by Request
      2,145 SF

      496 Us Hwy 36

      RETAIL STORES (PERSONAL SERVICES) • 2,145 SF
      496 Us Hwy 36, Byers, CO 80103-9795
      View Details
    • Value Estimation
      $670,000
      2,850 SF

      133 Bijou Ave

      SHOW ROOM, WAREHOUSE • 2,850 SF
      133 Bijou Ave, Byers, CO 80103-8316
      View Details
    • Value Estimation by Request
      1,867 SF

      221 Hwy 40

      RETAIL STORES (PERSONAL SERVICES) • 1,867 SF
      221 Hwy 40, Byers, CO 80103
      View Details

    Similar Nearby for Sale

    • $259,900
      2,288 SF

      Versatile Commercial Space For Sale

      Adaptable commercial space suitable for retail, office, or restaurant.
      268 W Front St, Byers, CO 80103
      View Details
    • Contact for pricing

      10 Timberlake, Byers, CO 80103

      Land
      10 Timberlake Rd, Byers, CO 80103
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    • $315,000
      11,000 SF

      Historic Byers Building with Potential

      Early 1900s building, once a Bed & Breakfast, now available.
      350 W Front St, Byers, CO 80103
      View Details
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    251 Hwy
    Byers, CO 80103
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    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
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