Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    463 Turner Dr Ste, Unit 105 Durango, CO 81303-7981
    Back to Search
    Property profile & analytics

    463 Turner Dr Ste, Unit 105, Durango, CO 81303-7981

    View on Map
    • Specialty properties
    • 4,870 SF
    Off-Market
    Last Sale Mar 6, 2020
    $557,750
    Property ID
    US13-1137316
    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.
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 463 Turner Dr Ste

    Year built
    1984
    Property type
    Specialty properties
    APN
    5667-323-05-008
    APU
    566732305008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 6, 2020 $557,800 Adaptive Sports Assn INC Waggoner Franklin J L/tr Warranty Deed $250k · First Southwest Cmnty Fund
    Nov 1, 2019 — Waggoner,f J Living Trust Franklin J Waggoner Quit Claim Deed · related —
    Sep 15, 2004 — Franklin J Waggoner Griggs,clayre Quit Claim Deed · related —
    Oct 22, 2003 $139,000 Clayre Griggs Waggoner,franklin J Grant Deed $178k · S K Johnson
    — — Franklin J Waggoner — Deed Of Trust · related $70k · Bank Of The San Juans
    — — Franklin J Waggoner — Deed Of Trust · related $177k · Bank Of The San Juans
    — — Franklin J Waggoner — Deed Of Trust · related $137k · First National Bank Durango

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $625,000
      ML approach
      $585,000

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $570,000
      Current use
      COMMERCIAL (GENERAL)
      $580,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.88
    Latitude
    37.2428
    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
    $0.00
    $0.00
    $161,130
    $161,130
    -
    $0.00
    $577,540
    $577,540

    Comparable in this City

    • Value Estimation by Request
      2,069 SF

      194 Bodo Dr, Unit 3

      CHARITABLE ORGANIZATION
      194 Bodo Dr, Durango, CO 81303-8211
      View Details
    • Value Estimation by Request
      2,304 SF

      656 Hwy 172

      CHARITABLE ORGANIZATION
      656 Hwy 172, Durango, CO 81303
      View Details
    • Value Estimation by Request
      2,866 SF

      Durango, CO 81303

      CHARITABLE ORGANIZATION
      Durango, CO 81303
      View Details
    • Value Estimation
      $605,000
      5,256 SF

      281 Sawyer Dr, Unit 5

      CHARITABLE ORGANIZATION
      281 Sawyer Dr, Durango, CO 81303-3409
      View Details
    • Value Estimation
      $1,160,000
      15,560 SF

      30 Baker Ln

      CHARITABLE ORGANIZATION
      30 Baker Ln, Durango, CO 81303
      View Details
    • Value Estimation
      $2,400,000
      11,437 SF

      281 Sawyer Dr, Unit 1

      CHARITABLE ORGANIZATION
      281 Sawyer Dr, Durango, CO 81303-3409
      View Details

    Similar Nearby for Sale

    • $349,000
      3.00 Acres

      Durango Land For Sale

      3.003 acre land parcel in Durango, Colorado.
      58 Rawhide Rd, Durango, CO 81303
      View Details
    • Contact for pricing

      Development Opportunity on Escalante Drive

      High-visibility commercial land parcel suitable for redevelopment.
      1270 Escalante Dr, Durango, CO 81303
      View Details
    • $149,900
      4.80 Acres

      Land For Sale, Durango

      4.8 acre commercial land for sale in Durango, Colorado.
      152 Lane Dr, Durango, CO 81303
      View Details
    • $229,000
      6.00 Acres

      Durango Land For Sale

      6 acres of commercial land in Durango, Colorado.
      285 Logging Trail Rd, Durango, CO 81303
      View Details
    • Contact for pricing
      96,837 SF

      Durango Mixed-Use Investment Opportunity

      Class A office, shop, and leased space near airport.
      380 Airport Rd, Durango, CO 81303
      View Details
    • $270,000
      11.06 Acres

      Durango Land For Sale

      11.06 acre commercial land available in Durango, Colorado.
      239 Hawks Vw Dr, Durango, CO 81303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Retail Pad Opportunity

      Lease a high-visibility retail pad suitable for establishing a storefront along a busy commercial corridor.
      1270 Escalante Dr, Durango, CO 81303
      View Details
    • Contact for pricing
      1,500 SF

      Upstairs Office and Flex Suite

      Upstairs suite with four offices and a large L-shaped room suited for lab or classroom-style setups.
      B-146 Sawyer Dr, Durango, CO 81303
      View Details
    • Contact for pricing

      Versatile Space with Highway Access

      Adaptable space suitable for office or retail use with highway access.
      329 S Camino Del Rio, Durango, CO 81303
      View Details
    • Contact for pricing

      Bodo Heights Office Space Available

      Office space in Bodo Heights with shared amenities for rent.
      484 Turner Dr, Durango, CO 81303
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space Near Walmart

      Shop space available in a dominant shopping center.
      1145 S Camino Del Rio, Durango, CO 81303
      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.
    463 Turner Dr Ste, Unit 105
    Durango, CO 81303-7981
    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

    Thank You for Inquiry
    463 Turner Dr Ste, Durango, CO, 81303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!