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    331 Us-24 Leadville, CO 80461

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    331 Us-24 Leadville, CO 80461

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    • Retail properties & Spaces
    • 5,602 SF
    • 0.59 lot acres
    For Sale
    $1,150,000
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    Leadville Retail Space: Prime Location For Sale
    $1,150,000
    5,602 SF

    Leadville Retail Space: Prime Location

    High-traffic retail space, 5,602 sq ft.

    331 Us-24, Leadville, CO 80461
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 331 Us-24

    Year built
    1980
    Lot size
    0.59 lot acres
    Property size
    5,602 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 331 US-24 Unit 331 in Leadville, Colorado, presents a unique investment opportunity. Boasting a generous 5,602 square feet of space, this property is ideally situated for a variety of retail businesses seeking high visibility and accessibility. The building sits on a sizable 0.59-acre lot, offering ample room for expansion, outdoor displays, or customer parking. The property's prime location along US-24 ensures significant foot traffic and exposure to a substantial customer base. The asking price for this remarkable retail space is $1,150,000. This represents a compelling investment opportunity in a vibrant and growing Colorado community. The property's size and location make it suitable for a wide range of retail concepts, from specialty shops to larger-scale operations. Serious inquiries are encouraged to explore the potential of this exceptional commercial property and its significant earning potential. The property is ready for immediate occupancy, allowing for a swift and seamless transition for new business owners. Detailed property information and specifications are available upon request. Don't miss this chance to secure a prime retail location in the thriving Leadville market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Leadville
    County
    Lake
    State
    Colorado
    Longitude
    -106.295
    Latitude
    39.2417

    Comparable in this City

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      5,600 SF

      331 Us-24

      Individual retail properties • 5,600 SF
      331 Us-24, Leadville, CO 80461
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    • Value Estimation
      $595,000
      3,895 SF

      145 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 3,895 SF
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    • Value Estimation by Request
      765 SF

      108 6th St

      RETAIL STORES (PERSONAL SERVICES) • 765 SF
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    • Value Estimation
      $2,415,000
      2,400 SF

      300 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
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    • Value Estimation by Request
      3,093 SF

      1 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,093 SF
      1 Harrison Ave, Leadville, CO 80461-3857
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    • Value Estimation
      $730,000
      2,400 SF

      2016 Poplar St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      2016 Poplar St, Leadville, CO 80461-3357
      View Details

    Similar Nearby for Sale

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      5,602 SF

      Leadville Retail Space: Prime Location

      High-traffic retail space, 5,602 sq ft.
      331 Us-24, Leadville, CO 80461
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    331 Us-24
    Leadville, CO 80461
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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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