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    220 Lena St Ridgway, CO 81432

    • Commercial real estate
    • 3,225 SF
    • 0.16 lot acres
    For Sale
    View listing
    $875,000
    Value Estimation
    Last Sale
    Nov 22, 2022
    $775,000
    Location Intelligence
    Property ID
    US13-1734552
    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

    • Bella Vino / Italian Restaurant

    Property Details for 220 Lena St

    Year built
    1995
    Lot size
    0.16 lot acres
    Property size
    3,225 SF
    Property type
    Commercial real estate
    APN
    430516309006
    APU
    430516309006

    Description

    This exceptional 3,015 square foot commercial property at 220 S Lena Street, Ridgway, CO, presents a unique investment opportunity in a thriving market. Situated on a 0.25-acre lot in Ridgway's Historic Business Zone, this building boasts a rich history as a high-quality restaurant, dating back to the early 1990s. The property's zoning allows for a multitude of uses, including continuing its successful operation as a restaurant, or adapting it to accommodate a bakery, deli, office space, retail store, or even a small hotel. The versatility of this property is further enhanced by the inclusion of the adjacent lot to the south, adding significant potential for expansion or separate development. This additional land could seamlessly integrate into an existing business or be sold independently, maximizing the return on investment. The building's prime location within Ridgway's vibrant business district ensures high visibility and accessibility, making it an ideal choice for entrepreneurs seeking to capitalize on the town's growth and burgeoning tourism sector. This is a rare chance to acquire a well-established property with significant upside in a desirable Colorado location. The asking price is $875,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $740,000

    • CAP approach

      CAP return
      Estimation
      6%
      $880,000
      6.5%
      $825,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $740,000
      Geo Method
      $895,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $875,000
      Retail
      $675,000
      Mixed-Use
      $720,000
      Hospitality
      $730,000
      Educational
      $885,000
      Residential Income
      $860,000
      Energy
      $850,000
      Income-Based Land
      $900,000
      Food Service
      $785,000

    Location Insight

    • Map
    • Local Demand
    City
    Ridgway
    County
    Ouray
    State
    Colorado
    Longitude
    -107.756
    Latitude
    38.1503
    CBSA code
    33940
    CBSA name
    MONTROSE, CO MICROPOLITAN STATISTICAL AREA

    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
    $19,142
    $40,830
    $239,900
    $280,730
    -
    $158,510
    $962,510
    $1,121,020

    Comparable in this City

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    • Value Estimation
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      Land • 2.30 Acres
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      View Details
    • Value Estimation
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      4,321 SF

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      COMMERCIAL (GENERAL) • 4,321 SF
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    220 Lena St
    Ridgway, CO 81432
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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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