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    1501 Central Ave Dolores, CO 81323
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    1501 Central Ave, Dolores, CO 81323

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    • Mobile home & RV parks
    • 1.24 lot acres
    Off-Market
    Property ID
    US13-1897046
    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

    • Mobile home & RV parks

    Property Details for 1501 Central Ave

    Year built
    1991
    Lot size
    1.24 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Residential income homes

    Description

    This exceptional investment opportunity presents a well-established 11-pad RV park nestled in Dolores, Colorado. The property encompasses 1.24 acres and includes a charming, recently renovated two-bedroom, one-bathroom unit currently operating as a short-term rental (VRBO) above the park office. The office building itself features separate men's and women's restrooms with showers, a coin-operated laundry facility, and an RV dump station – all generating additional revenue streams. The current income figures are conservative, reflecting the recent VRBO approval and limited 2023 data; significant upside potential exists through market-rate adjustments for long-term rentals. The property also offers two potential glamping sites, currently used for storage, which could further enhance income. The main building, constructed in 1991, is a two-story structure with approximately 3,200 square feet of net rentable space (note: a discrepancy exists between this figure and county records; potential buyers are advised to verify measurements). The property is zoned commercial and benefits from a grandfathered RV park designation, although expansion is not permitted. The location is ideal, situated near a city park with river access, a school, and extensive BLM/Forest land. Additional financial and utility information is available upon request. This property is a turnkey operation, perfect for an investor seeking a strong return or a hospitality entrepreneur looking to expand their portfolio.

    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
    Dolores
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.4902711
    Latitude
    37.475995

    Comparable in this City

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      Dolores, CO Land For Sale

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    Similar Nearby for Sale

    • Contact for pricing
      6,872 SF

      Colorado Campground and RV Park

      Well-maintained 27-acre campground with RV sites, cabins, and amenities.
      27646 Highway 145, Dolores, CO 81323
      View Details
    • $250,000
      Pending

      Dolores, CO Land For Sale

      36.14 acre land parcel in Dolores, Colorado.
      Cottonwood Rnch Subdivision, Dolores, CO 81323
      View Details
    • $105,000
      3.00 Acres

      Land in Dolores, Colorado

      3-acre commercial land for sale in Dolores, Colorado.
      25641 Road U.8, Dolores, CO 81323
      View Details
    • $215,000
      3.47 Acres

      Land in Dolores, Colorado

      3.47 acre commercial land for sale in Dolores, CO.
      Road M, Dolores, CO 81323
      View Details
    • $80,000
      3.00 Acres

      Land in Dolores, Colorado

      3-acre commercial land for sale in Dolores, Colorado.
      Road 25, Dolores, CO 81323
      View Details
    • $89,500
      5.56 Acres

      Land in Dolores, Colorado

      5.56 acre commercial land for sale in Dolores, CO.
      24832 Road, Dolores, CO 81323
      View Details
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    1501 Central Ave
    Dolores, CO 81323
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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.

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    1501 Central Ave, Dolores, CO, 81323
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