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    101 Victory Way Craig, CO 81625
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    101 Victory Way, Craig, CO 81625

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    • Office Spaces
    • 3,125 SF
    • 0.07 lot acres
    For Sale
    $275,000
    View Listing →
    Retail Space Near Downtown Craig For Sale
    $275,000
    0.07 Acres

    Retail Space Near Downtown Craig

    Retail space with income potential near Highway 40 and downtown.

    101 W Victory Way, Craig, CO 81625
    View Listing
    Property ID
    US13-1784064
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 101 Victory Way

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property type
    Office Spaces
    APN
    R007412
    APU
    R007412

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2024 — The Pamela Pleasant Foster Revocabl Pamela Pleasant Foster Deed · related —
    May 13, 2024 — Dan Pleasant Corey T Peck Deed Of Distribution —
    Mar 9, 2023 — Elizabeth Ashley Brook Pamela Pleasant Foster Beneficiary Deed —
    Jul 8, 2015 — London Street Properties Ltd Pamela Pleasant Foster Re-recorded Document · related —
    Jun 30, 2015 — London Street Properties Ltd Pamela Pleasant Foster Intrafamily Transfer · related —

    Description

    This exceptional 3,125 square foot commercial property, located at 101 Victory Way in Craig, Colorado, presents a unique investment opportunity. Boasting excellent visibility directly off Highway 40 and convenient proximity to downtown Craig, this building offers significant potential for a variety of business ventures. Currently featuring an existing tenant, the property generates immediate income while providing flexibility for future expansion or diversification. The building's layout allows for the option of renting out individual spaces or utilizing the entire space for a single large operation. A partially unfinished basement provides ample storage capacity, adding to the property's overall functionality. The strategic location, combined with the existing income stream and versatile design, makes this property an attractive proposition for savvy investors seeking a strong return on investment. The property is situated on a lot with no acreage, making it ideal for a business that doesn't require extensive outdoor space. This is a rare opportunity to acquire a well-positioned commercial building in a thriving community. Serious inquiries are encouraged to explore the full potential of this exceptional property.

    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
    Craig
    County
    Moffat
    State
    Colorado
    Longitude
    -107.549
    Latitude
    40.5144
    CBSA code
    18780
    CBSA name
    CRAIG, 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
    $3,013
    $6,980
    $28,322
    $35,302
    -
    $25,000
    $101,511
    $126,511

    Comparable in this City

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      1135 Hwy 40

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      1135 Hwy 40, Craig, CO 81625-1208
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      52,071 SF

      1280 Industrial Ave

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      440 Taylor St

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      840 Victory Way

      OFFICE (GENERAL)
      840 Victory Way, Craig, CO 81625-2936
      View Details

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      High-Visibility Craig CO Business Space

      Prime location, income-producing, versatile building.
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    • $150,000
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      Prime Craig, CO Commercial Land

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    Similar Nearby for Lease

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      Warehouse with Yard and Offices

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      Restaurant space with drive-thru and restaurant grade utilities.
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      Retail Space in Wal-Mart Center

      Retail space available in Wal-Mart anchored shopping center.
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      Restaurant Space in Shopping Mall

      Second-generation restaurant with an existing hood system, custom wood bar, and included equipment—positioned for strong visibility and traffic.
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    Craig, CO 81625
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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.

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