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    504 Victory Way Craig, CO 81625

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    504 Victory Way Craig, CO 81625

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    • Commercial real estate
    • 0.22 lot acres
    Off-Market
    Property ID
    US13-2032403
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 504 Victory Way

    Year built
    1954
    Lot size
    0.22 lot acres
    Property type
    Commercial real estate

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Craig
    County
    Moffat
    State
    Colorado
    Longitude
    -107.5534
    Latitude
    40.51391

    Comparable in this City

    • $399,900
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      Craig Restaurant & 3 Lots

      Turnkey Restaurant, High Visibility, Great Potential
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    • $275,000
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      High-Visibility Craig CO Business Space

      Prime location, income-producing, versatile building.
      101 Victory Way, Craig, CO 81625
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    • $150,000
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      Prime Craig, CO Commercial Land

      Highway 40 Frontage, Investment Opportunity
      903 Victory Way, Craig, CO 81625
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    • $1,650,000
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      Craig Commercial Center Investment

      High-exposure, mixed-use property in Craig, CO
      1111 Victory Way, Craig, CO 81625
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    • $55,000
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      Craig CO Commercial Lot - Highway 40

      High-visibility corner lot, C-2 zoning.
      Highway 40, Craig, CO 81625
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    • $350,000
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      Craig CO Commercial Building

      High-Visibility Commercial Space, New Roof
      105 Victory Way, Craig, CO 81625
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    Similar Nearby for Sale

    • $399,900
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      Craig Restaurant & 3 Lots

      Turnkey Restaurant, High Visibility, Great Potential
      994 Yampa Ave, Craig, CO 81625
      View Details
    • $275,000
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      High-Visibility Craig CO Business Space

      Prime location, income-producing, versatile building.
      101 Victory Way, Craig, CO 81625
      View Details
    • $150,000
      0.46 Acres

      Prime Craig, CO Commercial Land

      Highway 40 Frontage, Investment Opportunity
      903 Victory Way, Craig, CO 81625
      View Details
    • $1,650,000
      87,814 SF

      Craig Commercial Center Investment

      High-exposure, mixed-use property in Craig, CO
      1111 Victory Way, Craig, CO 81625
      View Details
    • $55,000
      0.50 Acres

      Craig CO Commercial Lot - Highway 40

      High-visibility corner lot, C-2 zoning.
      Highway 40, Craig, CO 81625
      View Details
    • $350,000
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      Craig CO Commercial Building

      High-Visibility Commercial Space, New Roof
      105 Victory Way, Craig, CO 81625
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,280 SF

      Restaurant with Drive-Thru Lane

      Restaurant space with drive-thru and restaurant grade utilities.
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    • Contact for pricing
      1,376 SF

      Retail Space in Wal-Mart Center

      Retail space available in Wal-Mart anchored shopping center.
      1830-1870 W Victory Way, Craig, CO 81625
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    • $4,000 /Mo
      5,000 SF

      Craig, CO Commercial Warehouse

      Warehouse space with office, large doors, and yard storage.
      104 Ter Ln, Craig, CO 81625
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    • $1,400 /Mo
      87,814 SF

      Restaurant Space in Regional Mall

      4,000 SF restaurant space with existing infrastructure for rent.
      1111 W Victory Way, Craig, CO 81625
      View Details
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    504 Victory Way
    Craig, CO 81625
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    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
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