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Property profile & analytics
FOR LEASE
Retail space

227 Midland Ave Basalt, CO 81621

580 SF 0.03 ac lot Built 2002
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US13-0381968
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stephen Chase Dental Office
  • TBI Therapy Medical Clinic
  • Wren's Nest Art Studio Art Studio
  • Basalt Dentistry Dental Office
  • Our Nurses Inc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
227 Midland LLC · 6 yrs held
227 Midland LLC
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
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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