Property profile

406 Hopkins Ave Aspen, CO 81611

OFF-MARKET
Industrial properties
Property ID
US13-0595122
4,751 SF 0.07 ac lot Built 1979
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Cinema Theater & Performing Art Venue
  • Clothing Store Women'S Clothing Store
  • Theater & Performing Art Venue Training Center
  • Church
  • Artist Art Dealer

Location

406 Hopkins Ave Aspen, CO 81611-3428
Aspen metro Census 402 GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA
Google Maps

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

since 2022
3 recorded transactions
2023
Price N/A
2022
$2.1M
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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