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Property profile & analytics
FOR LEASE
Commercial real estate

151 W Main St New Castle, CO 81647

16,453 SF 0.85 ac lot Built 1910
Individually Owned 7-yr Hold Free & Clear
Property ID
US13-1096234
Property summary
AI-generated overview

This exceptional opportunity presents itself in a beautifully restored historic school building, located in the heart of New Castle's vibrant downtown. The property, totaling over 16,000 square feet, offers a unique blend of character and modern convenience. Multiple tenancy options are available, with spaces ranging from a minimum of 390 square feet to a maximum contiguous space of 5,176 square feet. Currently, 5,566 square feet of office space is vacant and ready for immediate occupancy. The building boasts over a dozen private offices, allowing for diverse configurations to perfectly suit your business needs, whether you require a single executive office or a larger suite. This prime downtown location provides unparalleled convenience, with easy access to local shops, cafes, and public transportation. The property is zoned for City use within Garfield County, ensuring a seamless transition for your business. The flexible floor plans allow for customization to meet your specific requirements, making this an ideal location for a variety of businesses seeking a unique and functional workspace in a charming mountain town setting. Don't miss this chance to establish your business in this remarkable historic building.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Construction METAL FRAME
Total area 16,453 SF
Lot 0.85 ac (37,125 SF)
APN 212331407002
UPID US13-1096234
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.62M
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$2.09M
Owner & transaction history
Rosie B Ferrin · 7 yrs held
Rosie B Ferrin
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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