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Property profile & analytics
OFF-MARKET
Office Spaces

225 Grand Mesa Dr Cedaredge, CO 81413

2,130 SF 0.2 ac lot Built 1911
Property ID
US13-2142612
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1911
Total area 2,130 SF
Lot 0.2 ac (8,712 SF)
UPID US13-2142612
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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