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    1150 Main Ave Durango, CO 81301
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    1150 Main Ave Durango, CO 81301

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    • Commercial real estate
    • 7,922 SF
    For Sale
    $2,200,000
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    Downtown Durango Mixed-Use Building For Sale
    $2,200,000
    7,922 SF

    Downtown Durango Mixed-Use Building

    Historic Durango Commercial Property: High-Return Investment

    1150 Main Ave, Durango, CO 81301
    View Listing
    Property ID
    US13-0385342
    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

    • Taco Libre - Taqueria & Cocktails / Restaurant
    • Smiley David / Financial Advisor
    • Maroc Collar / Department Store

    Property Details for 1150 Main Ave

    Property size
    7,922 SF
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use building in Durango, Colorado's historic downtown, presents a compelling investment opportunity. The 7,922 square foot, single-story property, originally constructed in 1901, has undergone extensive remodeling and modernization, resulting in a high-quality structure. The building features a popular Mexican restaurant (lease included, business not for sale) occupying one side, and high-quality professional office space on the other, complete with six private offices, a conference room, break room, and separate restrooms. The office space is partially furnished and benefits from direct Main Avenue access. A unique 1,280 square foot warehouse/open workspace area, accessible from the office space, offers versatile potential for storage, large projects, or creative uses. Both the restaurant and office spaces have their own private entrances on Main Avenue. The restaurant also boasts a private rear patio. The 1,895 square foot office space and the 1,280 square foot warehouse space are currently leased at $5,000 per month. Additional outdoor patios are located in the rear alley. This prime location, near Buckley Park on Main Avenue, offers exceptional visibility and access within a thriving business district. The asking price is $2,200,000. This is a rare chance to acquire a piece of Durango's vibrant downtown.

    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
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.8795553
    Latitude
    37.2761717

    Comparable in this City

    • $2,200,000
      7,922 SF

      Downtown Durango Mixed-Use Building

      Historic Durango Commercial Property: High-Return Investment
      1150 Main Ave, Durango, CO 81301
      View Details
    • $1,450,000
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      Downtown Durango Development Opportunity

      Prime downtown parcel with redevelopment potential and existing income.
      1043 Main Ave, Durango, CO 81301
      View Details
    • $1,875,000
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      Durango Multi-Use Redevelopment Opportunity

      Prime mixed-use building near Durango's historic train depot.
      145 E College Dr, Durango, CO 81301
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    • $1,200,000
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      Durango Mixed-Use Investment Opportunity

      Prime Downtown Location, Two Parcels, High Potential
      666 7Th Ave, Durango, CO 81301
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    • $1,650,000
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      Downtown Durango Multi-Tenant Commercial Building

      Multi-unit commercial building in historic downtown Durango with four tenants.
      171 East 7Th St, Durango, CO 81301
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    • $3,500,000

      Purgatory Resort Redevelopment Opportunity

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    Similar Nearby for Sale

    • $2,475,000
      4,840 SF

      Mixed-Use Building with Development Potential

      Well-maintained mixed-use building with development opportunity near Durango's attractions.
      145 E College Dr, Durango, CO 81301
      View Details
    • $1,600,000
      6,200 SF

      Mixed-Use Property with Established Business

      Commercial property with laundromat, residential unit, and expansion potential.
      1449 Florida Rd, Durango, CO 81301
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    • $2,200,000
      7,922 SF

      Downtown Durango Mixed-Use Building

      Historic Durango Commercial Property: High-Return Investment
      1150 Main Ave, Durango, CO 81301
      View Details
    • $1,450,000
      0.35 Acres

      Downtown Durango Development Opportunity

      Prime downtown parcel with redevelopment potential and existing income.
      1043 Main Ave, Durango, CO 81301
      View Details
    • $1,875,000
      4,840 SF

      Durango Multi-Use Redevelopment Opportunity

      Prime mixed-use building near Durango's historic train depot.
      145 E College Dr, Durango, CO 81301
      View Details
    • $1,200,000
      5,146 SF

      Durango Mixed-Use Investment Opportunity

      Prime Downtown Location, Two Parcels, High Potential
      666 7Th Ave, Durango, CO 81301
      View Details

    Similar Nearby for Lease

    • $1,591 /Mo
      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
    • $1,771 /Mo
      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
    View Listing
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    Durango, CO 81301
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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.

    More about this property
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