504 Victory Way Craig, CO 81625
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.
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Russ Davis, KING HOMES AND LAND REALTY Real Estate Agency
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King Homes Property Management Property Management Company
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King Homes and Land Realty, LLC Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.