1790 Victory Way Craig, CO 81625-3418
This unique Craig, Colorado property presents a compelling investment opportunity for owner-occupants or investors seeking diverse income streams. The 2,176 square foot building boasts a main level currently configured as commercial space, featuring five or more offices, two restrooms, and two conference rooms. This area is highly adaptable, easily converted into a single large space if desired. Below, a spacious four-bedroom apartment awaits, complete with two upgraded bathrooms showcasing gorgeously tiled walk-in showers, a large living room, and a sizable kitchen. Further potential exists for the creation of a studio apartment or additional office space with a separate entrance, independent of both the main commercial area and the apartment. Adding to the property's appeal is a substantial 30x40 detached shop, offering 10-foot ceilings and an additional 800 square feet of space on a second floor – ideal for various uses. Ample parking is available. The property's flexibility allows for utilization of all areas or individual leasing for maximized return. Pre-approved buyers are encouraged to inquire.
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Baker & Associates Engineer Land Surveyor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.