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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

407 Warner Ave Olney Springs, CO 81062

2,409 SF Built 1915
Property ID
Property summary
AI-generated overview

This exceptional mixed-use commercial property, located at 407 Warner Ave in Olney Springs, Colorado, presents a unique investment opportunity. The building, constructed in 1915, boasts a total of 2,409 square feet of net rentable space spread across two stories. The property is zoned for commercial use and sits on a 4,356 square foot lot (APN: 10400405). Currently configured as a convenience store, restaurant, and storefront, this versatile space offers significant potential for a variety of businesses. The asking price is $74,900, translating to $31.09 per square foot. The building consists of two units, making it ideal for owner-occupancy or rental income generation. Its location on Colorado Highway 96 ensures high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Olney Springs. The property's history includes use as a diner/restaurant, suggesting a strong foundation for food-related ventures. The building's Class D designation reflects its age and potential for renovation or modernization, offering an opportunity to increase value and tailor the space to specific business needs. This is a rare chance to acquire a well-situated commercial property in a growing area at an attractive price point. The property's versatility and prime location make it a compelling investment for both seasoned and aspiring entrepreneurs.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1915
Total area 2,409 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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