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    Property profile & analytics

    121 Colorado Ave Telluride, CO 81435

    • Retail space
    • 1,088 SF
    • 0.07 lot acres
    For Sale
    View listing
    $5,900,000
    Value Estimation
    Last Sale
    Apr 11, 2022
    $4,400,000
    Location Intelligence
    Property ID
    US13-1808178
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 121 Colorado Ave

    Year built
    1970
    Lot size
    0.07 lot acres
    Property size
    1,088 SF
    Zone code
    C3
    Property type
    Retail space
    APN
    1010001140
    APU
    1010001140

    Description

    This exceptional 1,088 square foot commercial property, situated on a 0.07-acre lot at 121 W Colorado Avenue in the heart of Telluride, Colorado, presents a unique investment and development opportunity. Currently a non-historic building, it boasts a highly desirable location on the sunny side of Colorado Avenue, known for its high pedestrian traffic. The property's zoning allows for redevelopment, with existing HARC (Historic Architectural Review Commission) approval for a dynamic project. This approved plan includes a ground-floor restaurant, a lower-level speakeasy, a three-bedroom penthouse residence, and a one-bedroom affordable housing unit. The wider sidewalk enhances pedestrian accessibility, further increasing the property's appeal. This central Telluride location offers unparalleled visibility and access to the town's vibrant atmosphere and bustling tourist activity. The asking price is $5,900,000. Detailed disclosures and supporting documents are available upon request. This is a rare chance to acquire a prime commercial property in a world-renowned mountain town, poised for significant return on investment. The approved plans offer a diverse revenue stream, combining commercial and residential uses. Don't miss this once-in-a-generation chance to shape the future of Telluride's commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,510,000
      6.5%
      $4,085,000
      7%
      $4,145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,065,000
      Geo Method
      $4,400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,350,000
      Retail
      $3,840,000
      Mixed-Use
      $4,495,000
      Hospitality
      $4,825,000
      Educational
      $5,140,000
      Residential Income
      $5,010,000
      Energy
      $4,460,000
      Income-Based Land
      $5,235,000
      Food Service
      $4,785,000

    Location Insight

    • Map
    • Local Demand
    City
    Telluride
    County
    San Miguel
    State
    Colorado
    Longitude
    -107.811
    Latitude
    37.9376

    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
    $37,518
    $767,250
    $13,660
    $780,910
    -
    $2,750,000
    $48,960
    $2,798,960

    Comparable in this City

    • Value Estimation
      $485,000
      798 SF

      150 Pacific Avec

      RETAIL STORES (PERSONAL SERVICES) • 798 SF
      150 Pacific Avec, Telluride, CO 81435
      View Details
    • Value Estimation
      $420,000
      756 SF

      129 San Juan Avec3

      RETAIL STORES (PERSONAL SERVICES) • 756 SF
      129 San Juan Avec3, Telluride, CO 81435-5006
      View Details
    • Value Estimation
      $355,000
      723 SF

      359 Colorado Ave, Unit 1A

      RETAIL STORES (PERSONAL SERVICES) • 723 SF
      359 Colorado Ave, Telluride, CO 81435
      View Details
    • Value Estimation
      $27,925,000
      13,122 SF

      398 Colorado Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,122 SF
      398 Colorado Ave, Telluride, CO 81435-5096
      View Details
    • Value Estimation
      $915,000
      803 SF

      220 Colorado Ave, Unit 102

      RETAIL STORES (PERSONAL SERVICES) • 803 SF
      220 Colorado Ave, Telluride, CO 81435-5049
      View Details
    • Value Estimation
      $500,000
      1,553 SF

      307 Colorado Ave, Unit 103

      RETAIL STORES (PERSONAL SERVICES) • 1,553 SF
      307 Colorado Ave, Telluride, CO 81435
      View Details

    Similar Nearby for Sale

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      Telluride Commercial Investment Opportunity

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    121 Colorado Ave
    Telluride, CO 81435
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    Realmo Value Estimation

    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.

    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.

    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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