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    520 Zerex St Fraser, CO 80442

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    520 Zerex St Fraser, CO 80442

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    • Office properties & Spaces
    • 6,120 SF
    • 0.66 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 520 Zerex St

    Year built
    1983
    Lot size
    0.66 lot acres
    Property size
    6,120 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional investment opportunity presents a 6,120 square foot office building situated on a 0.66-acre corner lot in the vibrant Riverwalk District of Fraser, Colorado. The property boasts a highly desirable location on US Highway 40, ensuring excellent visibility and accessibility. The building's current tenants include the United States Post Office, providing a stable and reliable income stream, and an automotive mechanic shop, adding to the property's diverse revenue potential. The Riverwalk District is known for its high density, walkable environment, and mixed-use development, creating a thriving commercial atmosphere. This prime location offers significant advantages for both current and future tenants, attracting a wide range of businesses and customers. The property's strategic placement on a corner lot provides ample space and easy access for both vehicular and pedestrian traffic. This presents a rare chance to acquire a well-established, income-generating property in a rapidly growing area. The building's size and layout are well-suited for a variety of commercial uses, offering flexibility for future development and expansion. The asking price for this exceptional investment opportunity is $2,000,000. This represents a strong return on investment given the current tenant occupancy and the property's prime location within a thriving commercial district. Don't miss this chance to secure a valuable asset in the heart of Fraser, Colorado.

    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
    Fraser
    County
    Grand
    State
    Colorado
    Longitude
    -105.817
    Latitude
    39.9494

    Comparable in this City

    • Value Estimation
      $965,000
      4,100 SF

      76981 Us Hwy 40

      CONDOMINIUM OFFICES • 4,100 SF
      76981 Us Hwy 40, Fraser, CO 80442-5190
      View Details
    • Value Estimation by Request
      1.01 Acres

      76981 Us Hwy 40out

      CONDOMINIUM OFFICES • 1.01 Acres
      76981 Us Hwy 40out, Fraser, CO 80442-5190
      View Details
    • Value Estimation
      $515,000
      1,274 SF

      76827 Us Hwy 40

      OFFICE BUILDING • 1,274 SF
      76827 Us Hwy 40, Fraser, CO 80442-5189
      View Details
    • Value Estimation
      $740,000
      2,842 SF

      510 Zerex St

      OFFICE BUILDING • 2,842 SF
      510 Zerex St, Fraser, CO 80442-9990
      View Details
    • Value Estimation
      $1,165,000
      5,248 SF

      509 Zerex St

      OFFICE BUILDING • 5,248 SF
      509 Zerex St, Fraser, CO 80442-5209
      View Details
    • Value Estimation by Request
      1,040 SF

      301 Eastom Ave

      OFFICE BUILDING • 1,040 SF
      301 Eastom Ave, Fraser, CO 80442-5060
      View Details

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    Fraser, CO 80442
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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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