225 Grand Mesa Dr Cedaredge, CO 81413
This exceptional 2,130 square foot office building, situated in the heart of Cedaredge, Colorado, presents a unique investment opportunity. Currently configured as a doctor's office, the property offers significant flexibility and potential for future development. More than half of the structure was constructed around the year 2000, ensuring a relatively modern build with good condition. The 0.2-acre lot provides ample space, and the building's downtown location offers excellent visibility and accessibility. The property includes a current tenant with lease rights extending until November 1st, 2022, guaranteeing immediate rental income for the new owner. The tenant will continue to pay rent to the new owner through the end of their lease term. A new Independent Land Certificate (ILC) will be provided upon sale. The building's adaptable design allows for a straightforward conversion into a duplex, significantly increasing its potential rental income and overall return on investment. This property is an ideal choice for investors seeking a strong cash flow and the potential for future appreciation in a desirable Colorado location. The asking price is $300,000. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.