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Property profile & analytics
OFF-MARKET Estimated value $4,840,000
Industrial properties

406 Hopkins Ave Aspen, CO 81611-3428

4,751 SF 0.07 ac lot Built 1979
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US13-0595122
Property summary
AI-generated overview

This exceptional 1,694-square-foot retail storefront at 406 E Hopkins Avenue in Aspen, Colorado, presents a unique investment opportunity. Located in a historic building, this single-tenant space boasts impressive features including extremely high vaulted ceilings and large windows, maximizing natural light and creating an inviting atmosphere. Its prime location on Hopkins Avenue, near the intersection with Mill Street, places it in the heart of Aspen's vibrant commercial district. The property benefits from high foot traffic, being adjacent to the prestigious Peter Lik Gallery and the Isis Theater, and within close proximity to Aspen's renowned restaurant row and numerous luxury retailers. Recently renovated in 2023, the space is zoned CC (Pitkin County). A sublease opportunity is available, commencing Spring 2025 and extending through August 31, 2032. The base rent is $45,173 per month, with additional CAM charges of $6,776 per month, resulting in a total gross rent of $51,950 per month. This property offers an unparalleled chance to establish a thriving business in one of Colorado's most desirable locations. The zip code is 81611.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1979
Total area 4,751 SF
Lot 0.07 ac (3,000 SF)
APN 273707330009
UPID US13-0595122
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
  • BTM Cinemas Isis Theatre Cinema Theater & Performing Art Venue
  • DIOR Aspen Clothing Store Women'S Clothing Store
  • DanceAspen Theater & Performing Art Venue Training Center
  • C C Aspen LLC Church
  • LIK Fine Art Aspen Artist Art Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.22M
Blend (final) Blend
$4.84M
Owner & transaction history
Aspen Film Isia LLC · 3 yrs held
Aspen Film Isia LLC
since 2022
3 recorded transactions
2023
Price N/A
2022
$2.1M
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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