227 Midland Ave Basalt, CO 81621
For Lease
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This exceptional 603-square-foot commercial condo, located in the heart of Old Basalt's downtown, presents a unique opportunity. The space boasts a one-of-a-kind, sophisticated interior design by Aspen Design House, seamlessly blending luxury and durability. High-end finishes include Waterworks tile, Brizo faucets, Caesarstone countertops, and Phillip Jeffries wall coverings. Custom walnut accents, built-in cabinetry and hardware, and LED track lighting enhance the refined aesthetic. Large windows on two sides flood the corner unit with natural light, creating a bright and inviting atmosphere ideal for both work and client meetings. The space features central air conditioning, built-in desk areas, and a kitchenette complete with pull-out refrigerator and freezer drawers. A private bathroom is currently undergoing a remodel (design photos available). Clients enter through inviting glass double doors into a spacious seating area with impressive 11-foot ceilings. This turnkey property is priced at $590,000 and offers a rare combination of style, functionality, and prime location in the vibrant Old Basalt district. The property is a general commercial space with no land included.
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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
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.