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    Property profile & analytics

    232 Colorado Ave Telluride, CO 81435

    • Commercial real estate
    • 0.07 lot acres
    For Sale
    View listing
    $9,500,000
    Value Estimation
    Last Sale
    Dec 27, 2021
    Location Intelligence
    Property ID
    US13-2082009
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 232 Colorado Ave

    Lot size
    0.07 lot acres
    Property type
    Commercial real estate
    APN
    1010904711
    APU
    1010904711

    Description

    This exceptional 5,810 square foot commercial property at 232 W Colorado Avenue in Telluride, Colorado, presents a unique redevelopment opportunity. Situated on a 0.07-acre lot, the property boasts approved Tommy Hein architectural plans and a building permit, significantly streamlining the development process. The approved plans include a stunning penthouse residence featuring approximately 360-degree panoramic mountain views. This penthouse is designed for luxurious living with three bedrooms, three and a half bathrooms, a rooftop dining area, a hot tub, a bar, and expansive outdoor living spaces perfect for entertaining. In addition to the residential component, the commercial space offers a significant income stream with ten offices, three bathrooms, and a conference room. The commercial space currently benefits from an excellent, existing full-time tenant. Architectural drawings are available upon request, providing a comprehensive understanding of the approved design and specifications. Priced at $9,500,000, this property represents a rare chance to acquire a high-value asset in a desirable location with significant upside potential. The combination of residential and commercial space offers a unique investment opportunity in the heart of Telluride. Don't miss this chance to own a piece of Telluride's vibrant landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Telluride
    County
    San Miguel
    State
    Colorado
    Longitude
    -107.813
    Latitude
    37.9373

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $66,663
    $767,250
    $613,800
    $1,381,050
    -
    $2,750,000
    $2,200,000
    $4,950,000

    Comparable in this City

    • Value Estimation by Request
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      0.18 Acres

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      100 Colorado Ave, Unit P28

      COMMERCIAL (GENERAL)
      100 Colorado Ave, Telluride, CO 81435
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    • Value Estimation by Request

      100 Colorado Ave, Unit P1

      COMMERCIAL (GENERAL)
      100 Colorado Ave, Telluride, CO 81435
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    • Value Estimation by Request

      100 Colorado Ave, Unit P3

      COMMERCIAL (GENERAL)
      100 Colorado Ave, Telluride, CO 81435
      View Details

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    232 Colorado Ave
    Telluride, CO 81435
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    Realmo Value Estimation

    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.

    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.

    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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