Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1010 3rd Spgs Blvd Durango, CO 81301-8296
    Back to Search
    Property profile & analytics

    1010 3rd Spgs Blvd, Durango, CO 81301-8296

    View on Map
    • Specialty properties
    • 227,467 SF
    • 49.68 lot acres
    Off-Market
    Property ID
    US13-2285670
    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
    $17,565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1010 3rd Spgs Blvd

    Year built
    2017
    Lot size
    49.68 lot acres
    Property type
    Specialty properties
    APN
    5669-022-00-069
    APU
    566902200069

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 2015 $860,100 Grvp LLC Catholic Health Initiatives Co Grant Deed —
    Nov 17, 2015 — Gfp Mercado LLC Grvp LLC Grant Deed · related —
    Nov 17, 2006 — Mercy Medical Ctr Of Durango Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $26,565,000
      Current use
      WAREHOUSE, STORAGE
      $22,700,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.826
    Latitude
    37.2365
    CBSA code
    20420
    CBSA name
    DURANGO, 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
    $3,255
    $2,276,840
    $16,084,440
    $18,361,280
    -
    $8,160,720
    $57,650,310
    $65,811,030

    Comparable in this City

    • Value Estimation by Request
      942 SF

      1800 3rd Ave, Unit 8

      CHARITABLE ORGANIZATION
      1800 3rd Ave, Durango, CO 81301-5016
      View Details
    • Value Estimation by Request
      1,225 SF

      555 Rivergate Ln, Unit 1111

      CHARITABLE ORGANIZATION
      555 Rivergate Ln, Durango, CO 81301-7470
      View Details
    • Value Estimation by Request
      803 SF

      1099 Main Ave Ste, Unit 215

      CHARITABLE ORGANIZATION
      1099 Main Ave Ste, Durango, CO 81301-5157
      View Details
    • Value Estimation by Request
      3,846 SF

      848 3rd Ave

      CHARITABLE ORGANIZATION
      848 3rd Ave, Durango, CO 81301-5211
      View Details
    • Value Estimation by Request
      5,092 SF

      1800 3rd Ave, Unit 7

      CHARITABLE ORGANIZATION
      1800 3rd Ave, Durango, CO 81301-5016
      View Details
    • Value Estimation by Request
      228 SF

      765 College Dr, Unit 1B

      CHARITABLE ORGANIZATION
      765 College Dr, Durango, CO 81301-5556
      View Details

    Similar Nearby for Sale

    • $1,500,000
      2.50 Acres

      Land in Durango, Colorado

      2.5 acre land for sale in Durango, Colorado.
      1110 Animas View Dr, Durango, CO 81301
      View Details
    • $229,000
      0.21 Acres

      Durango, CO Land For Sale

      Land available in Durango, Colorado.
      57 Wild Iris Ave, Durango, CO 81301
      View Details
    • $750,000
      1,972 SF

      Durango Multifamily Property For Sale

      Multifamily property in Durango, Colorado with 1972 square feet.
      562 E 1St St, Durango, CO 81301
      View Details
    • $3,500,000
      Pending

      Durango Commercial Property for Sale

      Commercial property in Durango, CO, with 10,148 square feet.
      619 Main Ave, Durango, CO 81301
      View Details
    • $275,000
      0.20 Acres

      Land in Durango, Colorado

      Vacant land available in Durango, Colorado.
      893 Twin Buttes Ave, Durango, CO 81301
      View Details
    • $332,000
      0.57 Acres

      Land For Sale, Durango

      Land available in Durango, Colorado.
      119 Cabin Creek Dr, Durango, CO 81301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,193 SF

      Mercado District Office Space Available

      Class A office space in Durango's Mercado District for lease.
      65 Mercado St, Durango, CO 81301
      View Details
    • Contact for pricing
      1,950 SF

      Downtown Durango Office/Retail Space

      Redone office/retail space with high traffic and exposure.
      1032 Main Ave, Durango, CO 81301
      View Details
    • Contact for pricing
      1,328 SF

      Mercado District Class A Office

      LEED certified office space in Durango's Three Springs area.
      175 Mercado St, Durango, CO 81301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1010 3rd Spgs Blvd
    Durango, CO 81301-8296
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1010 3rd Spgs Blvd, Durango, CO, 81301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!