Technical
Financial
Distress signals
Property profile

227 Midland Ave Basalt, CO 81621

FOR LEASE
Retail space
Property ID
US13-0381968
580 SF 0.03 ac lot Built 2002
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Total area 580 SF
Lot 0.03 ac (1,220 SF)
APN 2467 074 49 005
UPID US13-0381968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Medical Clinic
  • Art Studio
  • Dental Office
  • Home Health Care Service

Location

227 Midland Ave Basalt, CO 81621
Basalt metro Census 302 EDWARDS, CO MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2017
$201,000
2009
$500,000
2007
$438,620
2007
Price N/A
2006
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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