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Property profile & analytics
OFF-MARKET
Auto shops

397 Hwy 119 Nederland, CO 80466-5269

1,350 SF 0.49 ac lot Built 1985
Individually Owned 10-yr Hold ~ Est. High Equity
Property ID
US13-0823187
Property summary
AI-generated overview

This iconic Nederland, CO property, located at 397 Highway 119, presents a unique investment opportunity. The 1,906 square foot building sits on a 0.49-acre lot at the corner of East Street and Highway 119, offering exceptional visibility as the first commercial building entering Nederland. Currently operating as a beloved, 37-year-old auto repair shop with 1,350 square feet of garage space including two service bays, it also features a 528 square foot detached office space consistently rented for the past 12 years. The property boasts stunning views of Barker Reservoir and the surrounding mountains, providing an inspiring backdrop for any business. General Commercial (GC) zoning allows for a multitude of uses, including a wood shop, art studio, bar/distillery, or retail shop. Conveniently located 25 minutes from Boulder and 15 minutes from Eldora Mountain Resort, this property benefits from its proximity to outdoor recreation and a strong customer base. While currently utilizing a well and septic system, town water and sewer access is available. Radiant floor heating is already installed. Owner financing may be available. Don't miss this chance to own a piece of Nederland's history and unlock its immense potential.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1985
Construction WOOD
Total area 1,350 SF
Lot 0.49 ac (21,475 SF)
Zoning code 2138
APN 1583-13-1-04-004
UPID US13-0823187
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Terrence P Bergin · 10 yrs held
Terrence P Bergin
since 2016
1 recorded transaction
2016
$250,000
Zoning & alternative use
2138 · Nederland, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Code of Ordinances
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