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Property profile & analytics
OFF-MARKET Estimated value $755,000
Office Spaces

112 Vlg Sq W1a Ridgway, CO 81432-9238

1,858 SF Built 1991
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US13-2085683
Property summary
AI-generated overview

This exceptional 1,858-square-foot office/retail space is ideally situated at 112 Village Square West, Unit 100, in the vibrant town of Ridgway, Colorado. Currently occupied under a month-to-month lease, this ground-floor property presents a unique investment opportunity. The space offers ample room for a variety of business uses, benefiting from its high-traffic location within Village Square West. Included in the sale is access to shared amenities, providing convenience and functionality for occupants and their clients. These shared amenities encompass four bathrooms and a well-equipped kitchen, enhancing the overall usability of the space. The property sits on a one-acre lot, offering potential for future expansion or development, subject to local zoning regulations. The asking price of $790,000 reflects the prime location, substantial square footage, and the potential for immediate occupancy or lease renegotiation. This property is an excellent choice for businesses seeking a prominent presence in the thriving Ridgway market. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1991
Total area 1,858 SF
APN 430516413001
UPID US13-2085683
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
  • Hoover Chiropractic Alternative Medicine Practice
  • Muddy Paw Dog Spaw Pet Grooming Service
  • Eagles Wing Medical Medical Clinic
  • Alan Stapleton, RE/MAX Cimarron Realty Real Estate Agency
  • Lizanne Corbit Counseling Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$738k
Blend (final) Blend
$755k
Owner & transaction history
R&rr LLC · 10 yrs held
R&rr LLC
since 2015
1 recorded transaction
2015
$313,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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