29423 Hwy 160 Durango, CO 81301-7939
Property profile & analytics
29423 Hwy 160 Durango, CO 81301-7939
- Commercial land
- 3,323 SF
- 2.25 lot acres
Property ID
US13-2508522
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 29423 Hwy 160
- Year built
- 2009
- Lot size
- 2.25 lot acres
- Property size
- 3,323 SF
- Property type
- Commercial land
- APN
- 5669-122-01-016
- APU
- 566912201016
Description
This exceptional 3,300 square foot mixed-use property, situated on a 2.25-acre lot at 29423 E HWY 160 in Durango, CO, presents a compelling investment opportunity. Currently leased to medical professionals under a five-year triple-net lease, this property boasts a strong 6.5% cap rate, providing immediate and consistent cash flow. The property's prime location offers excellent visibility and accessibility, complemented by ample parking. Durango's thriving economy, fueled by both year-round tourism and a robust local business sector, ensures a stable and potentially appreciating asset. The property's existing tenant base minimizes vacancy risk and provides a secure foundation for future growth. This is an ideal investment for those seeking a blend of immediate return and long-term appreciation potential in a desirable Colorado location. The property's size and location make it suitable for a variety of uses, offering flexibility for future development or expansion. The substantial lot size provides ample space for potential future expansion or additional development. This turnkey investment requires minimal immediate management, making it an attractive option for both seasoned investors and those new to commercial real estate. The asking price is $1,500,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,065,000
- ML approach
- $1,090,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,322,000
- AI Estimate
- $1,146,000
Market price range: $772k - $1.32MMarket price range: $370k - $1.32M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Durango
- County
- La Plata
- State
- Colorado
- Longitude
- -107.814
- Latitude
- 37.2278
- CBSA code
- 20420
- CBSA name
- DURANGO, CO MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,346
$199,180
$115,690
$314,870
-
$713,890
$414,670
$1,128,560
