Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    301 Central Ave Wiggins, CO 80654

    • Gas stations
    • 5,080 SF
    • 0.79 lot acres
    For Sale
    View listing
    $950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0763920
    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.

    Current Use by Public Records

    • Gas stations

    Property Details for 301 Central Ave

    Year built
    1954
    Construction
    CONCRETE
    Lot size
    0.79 lot acres
    Property size
    5,080 SF
    Property type
    Gas stations
    APN
    R022523
    APU
    R022523

    Description

    This exceptional commercial property in Wiggins, Colorado, presents a unique opportunity for an auto body shop or similar business. The 6,600 square foot facility sits on a 0.79-acre lot and boasts multiple overhead doors for convenient vehicle access. The property includes three buildings constructed in 1989, 2020, and 2022, offering a blend of established and modern infrastructure. The front of the main building features five 10'x10' overhead doors and two 12'x10' overhead doors, while the side offers three 12'x10' overhead doors and one 14'x10' overhead door. A 12'x10' overhead door is also located at the rear of the building, providing ample access for various vehicle types and sizes. Included in the sale is a paint booth complete with an exhaust system, a 10,000 lb lift, and a new (2023) 12,000 lb Hunter alignment rack (lift only). This turnkey operation is ideally suited for a thriving auto body business, offering significant space and high-quality equipment. The property's strategic location in Wiggins, CO, provides excellent visibility and accessibility. The asking price is $1,100,000. This is a rare opportunity to acquire a well-equipped and established commercial property in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wiggins
    County
    Morgan
    State
    Colorado
    Longitude
    -104.075
    Latitude
    40.2333
    CBSA code
    22820
    CBSA name
    FORT MORGAN, 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
    $13,868
    $52,560
    $86,940
    $139,500
    -
    $188,380
    $311,620
    $500,000

    Comparable in this City

    • Value Estimation by Request
      3,024 SF

      613 2nd Ave

      SERVICE STATION (FULL SERVICE) • 3,024 SF
      613 2nd Ave, Wiggins, CO 80654
      View Details
    • Value Estimation by Request
      6,277 SF

      305 Central Ave

      SERVICE STATION (FULL SERVICE) • 6,277 SF
      305 Central Ave, Wiggins, CO 80654-8934
      View Details
    • Value Estimation
      $570,000
      11,350 SF

      16461 Hwy 52

      SERVICE STATION (FULL SERVICE) • 11,350 SF
      16461 Hwy 52, Wiggins, CO 80654-8921
      View Details
    • Value Estimation by Request
      1,200 SF

      230 Main St

      SERVICE STATION (FULL SERVICE) • 1,200 SF
      230 Main St, Wiggins, CO 80654-1368
      View Details
    • Value Estimation by Request
      2,184 SF

      105 Emerald St

      SERVICE STATION (FULL SERVICE) • 2,184 SF
      105 Emerald St, Wiggins, CO 80654-5018
      View Details
    • Value Estimation by Request
      8,169 SF

      17039 County Rd 4th 4

      SERVICE STATION (FULL SERVICE) • 8,169 SF
      17039 County Rd 4th 4, Wiggins, CO 80654-9021
      View Details

    Similar Nearby for Sale

    • $950,000
      6,600 SF

      Wiggins Automotive Shop with Lifts

      6,600 SF automotive shop with lifts and paint booth.
      301 Central Ave, Wiggins, CO 80654
      View Details
    • $278,000
      0.30 Acres

      Wiggins Commercial Opportunity on Corner

      Centrally located commercial property with retail space and updated features.
      400 Central Ave, Wiggins, CO 80654
      View Details
    • $725,000
      10,000 SF

      Fully Leased Wiggins Commercial Property

      Versatile, fully-leased 10,000 sq ft commercial property in Wiggins, Colorado.
      612 W Central Ave, Wiggins, CO 80654
      View Details
    • $255,000

      Solar-Powered Land with RV

      Fenced land with well, RV, and outbuildings near Wiggins.
      6642 Co Rd, Wiggins, CO 80654
      View Details
    • $590,000

      Hunting Property Near Denver Metro

      Hunting property with ponds, landowner vouchers, and established shelterbelts.
      20528 County Road 3, Hoyt, CO 80654
      View Details
    • $80,000
      0.38 Acres

      Residential Lot in Growing Community

      Spacious lot in a newer subdivision with community amenities.
      6 Ave, Wiggins, CO 80654
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    301 Central Ave
    Wiggins, CO 80654
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.