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    130 E Bridge St Hotchkiss, CO 81419
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    Property profile & analytics

    130 E Bridge St Hotchkiss, CO 81419

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    • Office buildings
    • 8,316 SF
    • 0.14 lot acres
    For Lease
    $917/Mo
    View Listing →
    Renovated Commercial Space in Hotchkiss For Lease
    $917/Mo
    8,316 SF

    Renovated Commercial Space in Hotchkiss

    Charming, renovated commercial space in downtown Hotchkiss with modern updates.

    130 E Bridge Street, Hotchkiss, CO 81419
    View Listing
    Property ID
    US13-2117013
    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

    • American Bison leather / Industrial Manufacturer
    • Wilder & Rose / Clothing & Fashion Store

    Property Details for 130 E Bridge St

    Year built
    1907
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    8,316 SF
    Property type
    Office buildings
    APN
    324330311007
    APU
    324330311007

    Description

    This beautifully renovated, landmark two-story building (8,316 sq ft), constructed in 1907 and extensively remodeled in 2016 and 2024, offers three exceptional suites for lease in the thriving downtown Hotchkiss area. Located on Highway 92, the property boasts high visibility and foot traffic, benefiting from its proximity to the town's pocket park. Suites range from 1,000 to 1,250 square feet, each featuring private entrances, abundant natural light from windows in every room, and private restrooms. The building offers both on and off-street parking for convenient access. Attractive rental rates and flexible lease terms are available. The downstairs retail space totals 1,250 square feet. 2023 property taxes were $8,415, and estimated 2024 Net, Net, Net (NNN) expenses are $41,000, or $4.93 per square foot annually. This prime location is ideal for businesses seeking a vibrant downtown setting. Showings are by appointment only. Pricing and availability are subject to change without notice. Interested parties are responsible for verifying all information. The owner reserves the right to approve or disapprove any application.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $590,000
      Market price range: $590k - $1.22M
      AI Estimate
      $741,000
      Market price range: $742k - $1.56M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $905,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hotchkiss
    County
    Delta
    State
    Colorado
    Longitude
    -107.721
    Latitude
    38.7992

    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
    $6,733
    $8,370
    $83,833
    $92,203
    -
    $30,000
    $300,475
    $330,475

    Comparable in this City

    • Value Estimation by Request
      1,560 SF

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      135 Brg St, Hotchkiss, CO 81419-5059
      View Details
    • Value Estimation by Request
      1,470 SF

      161 2nd St

      OFFICE BUILDING • 1,470 SF
      161 2nd St, Hotchkiss, CO 81419-5052
      View Details
    • Value Estimation by Request
      3,164 SF

      102 Brg St

      OFFICE BUILDING • 3,164 SF
      102 Brg St, Hotchkiss, CO 81419-9781
      View Details
    • Value Estimation by Request
      1,672 SF

      320 Brg St

      OFFICE BUILDING • 1,672 SF
      320 Brg St, Hotchkiss, CO 81419-9570
      View Details
    • Value Estimation by Request
      1,252 SF

      210 Brg St

      OFFICE BUILDING • 1,252 SF
      210 Brg St, Hotchkiss, CO 81419
      View Details
    • Value Estimation by Request
      3,150 SF

      209 Brg St

      OFFICE BUILDING • 3,150 SF
      209 Brg St, Hotchkiss, CO 81419
      View Details

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      23-acre property with utilities, ready for immediate use.
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    Similar Nearby for Lease

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      Renovated Landmark Building in Hotchkiss

      Renovated suites in downtown Hotchkiss with great exposure.
      130 E Bridge St, Hotchkiss, CO 81419
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    • $917 /Mo
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      Renovated Commercial Space in Hotchkiss

      Charming, renovated commercial space in downtown Hotchkiss with modern updates.
      130 E Bridge St, Hotchkiss, CO 81419
      View Details
    View Listing
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    Hotchkiss, CO 81419
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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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    130 E Bridge St, Hotchkiss, CO, 81419
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