294 Howell Vona, CO 80861-9504
This exceptional investment opportunity presents a 20-unit retail complex located at 294 Howell St, Vona, CO 80861. Built in 2021, this property boasts a total of 1,000 square feet (20 units x 50 sq ft each) and sits on a substantial 1.1-acre lot (48,000 square feet), offering significant room for expansion. Currently, the occupancy rate is 50%, presenting a clear path for increased revenue generation. The property is zoned for residential use (Res) and is currently operating as a multi-tenant retail space with a gross lease structure. The asking price is $190,000. Strategically located just two hours east of Denver, Colorado, on I-70 at Vona Mile Marker 412, this property benefits from convenient access to major transportation routes. The large lot size provides ample space for future development or expansion of the existing retail units, catering to the growing needs of the community. This property is ideal for investors seeking a strong return on investment in a rapidly developing area. The existing structure provides immediate cash flow, while the significant land area offers substantial long-term growth potential. This is a rare opportunity to acquire a well-located, income-producing property with significant upside.
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
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.