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Property profile

686 Nevava St Granby, CO 80451

OFF-MARKET
Land
3.8 ac lot

Property summary

AI-generated overview

This exceptional 3.8-acre property, located just outside Hot Sulphur Springs in unincorporated Grand County, Colorado (APN 144502441070), presents a unique commercial development opportunity. Zoned for Commercial Business, a rare designation in this area, it offers unparalleled versatility. The property is ideal for a variety of uses, including self-storage facilities, multi-family or single-family residential development, or a combination thereof. The land can be subdivided into multiple lots without requiring re-platting, maximizing development potential. An existing ranch-style home with an unfinished basement sits on the property. The home is in good condition and the basement offers potential for expansion or conversion into additional living space. This presents an opportunity for a business owner to provide workforce housing and generate additional revenue. The property also lends itself to outdoor commercial storage of equipment and machinery. While a well is present, it's currently unused due to access to town water. The convenient location provides easy access to outdoor recreation, dining, and shopping. This is a truly versatile property with endless possibilities, priced at $1,125,000. The property is privately owned.

Property profile

Verified
Property type Land
Lot 3.8 ac (165,528 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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