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Property profile & analytics
OFF-MARKET
Commercial real estate

504 Victory Way Craig, CO 81625

0.22 ac lot Built 1954
Property ID
US13-2032403
Property summary
AI-generated overview

This exceptional commercial property, located at 504 W Victory Way in the heart of Craig, Colorado, presents a unique investment opportunity. Boasting a highly desirable location across from a grocery store, this property enjoys excellent visibility and high traffic flow. The 0.22-acre lot houses a building featuring five private offices, a conference room, two bathrooms, and a convenient kitchenette area. A built-in bar adds a unique touch. The interior was completely remodeled in 2018, showcasing modern aesthetics and functionality. The exterior is a durable combination of stucco and metal. The property is equipped with updated electrical and plumbing systems, newer furnaces, and central air conditioning units for year-round comfort. Energy-efficient LED lighting is installed throughout. The building is also hard-wired for televisions, providing flexibility for various uses. A storage shed located at the rear of the property offers additional storage space. The property's layout allows for easy division into two separate office suites, presenting a potential for increased rental income. The current owner is a tenant and is open to remaining as such under a new ownership structure. Priced at $260,000, this property offers a compelling combination of location, features, and potential.

Property profile
Verified
Property type Commercial real estate
Year built 1954
Lot 0.22 ac (9,583 SF)
UPID US13-2032403
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
  • Russ Davis, KING HOMES AND LAND REALTY Real Estate Agency
  • King Homes Property Management Property Management Company
  • King Homes and Land Realty, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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