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    Property profile & analytics

    206 Society Dr Telluride, CO 81435

    • Commercial real estate
    • 2,357 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1895226
    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

    • Commercial real estate

    Property Details for 206 Society Dr

    Year built
    1994
    Lot size
    0.71 lot acres
    Property size
    2,357 SF
    Property type
    Commercial real estate

    Description

    This exceptional Telluride property at 206 Society Drive offers a unique blend of residential and commercial space. Spanning 2,357 square feet on a 0.71-acre lot, this building presents a rare live/work opportunity in a prime location. The upper two floors are currently configured as residential units, each boasting a full bath and the top floor featuring a kitchen. Expansive decks on these floors provide breathtaking east and west mountain views. The ground floor, meticulously constructed by a renowned Telluride builder, was originally designed as an office and is currently used for storage. This level includes a half bath and kitchenette, offering flexibility for various commercial uses. The property's zoning mandates that at least 40% of the building's space be designated as deed-restricted residential, ensuring a balance between commercial and residential occupancy. This presents a compelling investment opportunity for those seeking a versatile property with significant income potential. The building is available for purchase by anyone, and lease agreements will be provided to qualified buyers. The property's combination of stunning views, prime location, and flexible zoning makes it an exceptional investment in the vibrant Telluride market. This is a rare chance to acquire a well-built, versatile property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Telluride
    County
    San Miguel County
    State
    Colorado
    Longitude
    -107.8795
    Latitude
    37.94632

    Comparable in this City

    • $5,200,000
      2,858 SF

      Telluride Commercial Property Investment

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    • $2,250,000
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      Telluride Commercial Building - Prime Location

      Light industrial space, shop, offices, & deck.
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    • $16,500,000
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      Telluride Premier Development Parcel

      Prime Telluride location, exceptional development potential.
      123 Colorado Ave, Telluride, CO 81435
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    • $5,900,000
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      Telluride Commercial Investment Opportunity

      Prime Telluride location, redevelopment potential.
      121 Colorado Ave, Telluride, CO 81435
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    • $9,500,000
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      Telluride Commercial Gem: Redevelopment Ready

      Mountain Views, Prime Location, Approved Plans
      232 Colorado Ave, Telluride, CO 81435
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    • $4,298,000
      1,778 SF

      Historic Telluride Bank Building

      Prime Redevelopment Opportunity: Main Street Gem
      109 Colorado Ave, Telluride, CO 81435
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    Similar Nearby for Sale

    • $5,200,000
      2,858 SF

      Telluride Commercial Property Investment

      Prime Location, Development Potential
      119 Colorado Ave, Telluride, CO 81435
      View Details
    • $2,250,000
      4,603 SF

      Telluride Commercial Building - Prime Location

      Light industrial space, shop, offices, & deck.
      10 San Bernardo Dr, Telluride, CO 81435
      View Details
    • $16,500,000
      4,067 SF

      Telluride Premier Development Parcel

      Prime Telluride location, exceptional development potential.
      123 Colorado Ave, Telluride, CO 81435
      View Details
    • $5,900,000
      1,088 SF

      Telluride Commercial Investment Opportunity

      Prime Telluride location, redevelopment potential.
      121 Colorado Ave, Telluride, CO 81435
      View Details
    • $9,500,000
      5,810 SF

      Telluride Commercial Gem: Redevelopment Ready

      Mountain Views, Prime Location, Approved Plans
      232 Colorado Ave, Telluride, CO 81435
      View Details
    • $4,298,000
      1,778 SF

      Historic Telluride Bank Building

      Prime Redevelopment Opportunity: Main Street Gem
      109 Colorado Ave, Telluride, CO 81435
      View Details
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    206 Society Dr
    Telluride, CO 81435
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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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