1039 Main St Windsor, CO 80550-4833
- Retail space
- 25,878 SF
- 3.51 lot acres
Current Use by Public Records
- Retail space
Property Details for 1039 Main St
- Year built
- 1974
- Lot size
- 3.51 lot acres
- Property size
- 25,878 SF
- Property type
- Retail space
- APN
- R4267206
- APU
- R4267206
Description
This exceptional investment opportunity presents the Windsor Town Center, a 25,116-square-foot shopping center located at 1039 Main St, Windsor, CO 80550. Built in 1974, this single-story, multi-tenant property sits on a 3.51-acre lot and boasts a 99% occupancy rate. The diverse tenant mix includes restaurants, medical offices, and retail businesses, providing a stable income stream. The property's current Weighted Average Lease Term (WALT) is 1 year and 8 months, with a significant portion (40%) of leases expiring in 2024 or on month-to-month agreements. This presents a compelling opportunity for a new owner to increase rental income, as the average lease rate is currently 39% below market value. Minor property improvements could quickly realize substantial returns. The property's prime location on Main Street in Windsor, Colorado, ensures high visibility and accessibility. This is a rare chance to acquire a well-established, high-performing retail center with significant upside potential. The property's long-term ownership history since 2007 demonstrates its consistent performance and enduring appeal within the community. This is an ideal investment for those seeking a stable, high-growth retail asset in a thriving Colorado market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $790,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $810,000
- 6.5%
- $890,000
- 7%
- $880,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $750,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $925,000
- Retail
- $845,000
- Mixed-Use
- $805,000
- Hospitality
- $1,035,000
- Educational
- $740,000
- Residential Income
- $810,000
- Energy
- $1,005,000
- Income-Based Land
- $925,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Windsor
- County
- Weld
- State
- Colorado
- Longitude
- -104.915
- Latitude
- 40.4786
- CBSA code
- 24540
- CBSA name
- GREELEY, CO METROPOLITAN STATISTICAL AREA