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551 E Grand Ave Fruita, CO 81521

Mixed-use properties Google Maps
900 SF Built 1925
Estimated value
No estimation on file for this property yet.
Property ID US13-2497908

Property summary

AI-generated overview

Classic 1925 Bungalow. This property is currently located in the Commercial Zoning C1 (Neighborhood friendly businesses). Proposed Future Land use map for Fruita includes it in the Downtown Mixed Use area. Property is 0.55 Acres and has endless possibilities for development...multifamily housing, housing with business on the main floor warehouse in the back and living quarters up above, it's an open palette of possibility. Price $500,000 and is contingent on the owner finding an acceptable replacement property. All offers are contingent on the seller finding an acceptable replacement property. Must have 24 hours notice for all showings.

Property profile

Verified
Property type Mixed-use properties
Year built 1925
Total area 900 SF
UPID US13-2497908

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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