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Property profile & analytics
OFF-MARKET Estimated value $2,340,000
Office Spaces

110 Midland Ave Basalt, CO 81621-8305

6,581 SF 0.24 ac lot Built 1995
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US13-0446494
Property summary
AI-generated overview

This exceptional commercial property, located at 110 Midland Avenue in the heart of Basalt, Colorado, presents a rare investment opportunity. The 6,581 square foot building sits on a 0-acre lot and is a cornerstone of the downtown area. Its prime location ensures high visibility and accessibility for businesses and customers alike. Currently, the building boasts 100% occupancy with long-term leases in place, providing immediate and consistent cash flow. The tenant roster includes established and reputable businesses such as RMC, Basalt Clinic Pharmacy, and Dr. Tom Lankering Chiropractic, demonstrating the property's enduring appeal and strong tenant base. This triple-net leased structure minimizes the owner's operational responsibilities, making it an ideal investment for passive income generation. The building's solid construction and prime location in a thriving community contribute to its exceptional value and long-term potential. This is a turnkey investment opportunity with a proven track record of success, offering a stable and lucrative return on investment. The asking price of $4,200,000 reflects the property's exceptional value and strong tenant base. This is a unique chance to acquire a highly desirable commercial property in a sought-after location. Serious inquiries only.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1995
Total area 6,581 SF
Lot 0.24 ac (10,498 SF)
APN 2467 074 00 055
UPID US13-0446494
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Basalt Clinic Pharmacy Pharmacy
  • Lankering Chiropractic & Brain Wellness Alternative Medicine Practice
  • Thomas R. Lankering, DC Alternative Medicine Practice
  • RMC Marketing & Advertising Event Planning
  • RMC, Aspen Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.89M
Blend (final) Blend
$2.34M
Owner & transaction history
Charsan INC · 5 yrs held
Charsan INC
since 2021
Last sale
$2.5M
6 recorded transactions
2021
$2.5M
2016
$1.3M
2013
Price N/A
2010
Price N/A
2009
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.9M +24.5%
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