Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    600 Main Ave Durango, CO 81301-5492
    Back to Search
    Property profile & analytics

    600 Main Ave Durango, CO 81301-5492

    View on Map
    • Commercial real estate
    • 9,940 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Nov 26, 2025
    $2,000,000
    Property ID
    US13-0439171
    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
    $2,435,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Casey Baird, Berkshire Hathaway HomeServices Western Colorado Properties / Real Estate Agency
    • Colorado Clothing Company LLC / Clothing Store
    • Real - Estate - Durango - Co / Real Estate Agency
    • Cloud 9 Head Shop / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Buckhead West BBQ / Restaurant

    Property Details for 600 Main Ave

    Year built
    1984
    Lot size
    0.23 lot acres
    Property size
    9,940 SF
    Property type
    Commercial real estate
    APN
    5665-292-32-009
    APU
    566529232009

    Description

    This two-story, 12,705 square foot shopping center in Durango, Colorado, presents a compelling investment opportunity. Located at 600 Main Ave, this multi-tenant property boasts 79% occupancy and a diverse tenant mix including a rooftop restaurant, toy store, and clothing shop. The property generates a current NOI of $201,565 and a pro-forma NOI of $274,568, representing an 8.08% pro-forma cap rate. The asking price is $3,400,000, translating to $267.61 per square foot. Built in 1967, the property sits on a 0.23-acre lot and is zoned EN-1. Its prime downtown location benefits from high foot traffic due to proximity to over 200 shops, restaurants, and galleries, as well as the nearby Strater Hotel and Fort Lewis College. Durango's thriving tourism industry, with $441 million in visitor spending in 2022, and a low market vacancy rate of 0.7%, further enhance the property's value. The recent construction of over 900 residential units in the area promises increased foot traffic and potential for future growth. The property's vacant space offers a unique value-add opportunity for lease-up or owner-occupancy. This is an exceptional chance to acquire a well-positioned asset in a rapidly growing market with strong fundamentals and significant upside potential. The property is located within a Colorado Opportunity Zone.

    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
    Durango
    County
    La Plata
    State
    Colorado
    Longitude
    -107.881
    Latitude
    37.2704
    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
    $43,127
    $312,950
    $709,200
    $1,022,150
    -
    $1,121,670
    $2,541,920
    $3,663,590

    Comparable in this City

    • Value Estimation by Request
      378 SF

      1099 Main Ave Ste, Unit 302

      COMMERCIAL CONDOMINUIM • 378 SF
      1099 Main Ave Ste, Durango, CO 81301-5157
      View Details
    • Value Estimation by Request
      600 SF

      1970 3rd Ave Ste, Unit 102

      COMMERCIAL CONDOMINUIM • 600 SF
      1970 3rd Ave Ste, Durango, CO 81301-5025
      View Details
    • Value Estimation by Request
      271 SF

      270 8th Avea-203

      COMMERCIAL CONDOMINUIM • 271 SF
      270 8th Avea-203, Durango, CO 81301-5708
      View Details
    • Value Estimation by Request
      336 SF

      100 Jenkins Rnch Rd, Unit 9

      COMMERCIAL CONDOMINUIM • 336 SF
      100 Jenkins Rnch Rd, Durango, CO 81301-9474
      View Details
    • Value Estimation by Request
      494 SF

      2855 Main Ave Ste B102

      COMMERCIAL CONDOMINUIM • 494 SF
      2855 Main Ave Ste B102, Durango, CO 81301-5960
      View Details
    • Value Estimation by Request
      368 SF

      1666 Main Ave Ste D

      COMMERCIAL CONDOMINUIM • 368 SF
      1666 Main Ave Ste D, Durango, CO 81301-5015
      View Details

    Similar Nearby for Sale

    • $2,830,000
      7,005 SF

      Durango Commercial Property: Riverfront Opportunity

      Prime 1.25-acre lot, 7005 sq ft building, high traffic.
      1025 Camino Del Rio, Durango, CO 81301
      View Details
    • $349,000
      0.47 Acres

      Durango Residential Land Opportunity

      Residential land in Twin Buttes, ready for new home builds.
      774 Tipple Ave, Durango, CO 81301
      View Details
    • $165,000
      1.56 Acres

      Secluded Mountain Land in Durango

      Private 1.56-acre sanctuary with mountain views and lake access.
      67 Big Pine Trl, Durango, CO 81301
      View Details
    • $132,000
      0.17 Acres

      Residential Lot in Growing Community

      Residential lot in Three Springs, near hospital and amenities.
      39 Salt Brush St, Durango, CO 81301
      View Details
    • $275,000
      0.20 Acres

      Durango Residential Lot with Open Space

      Residential lot in Twin Buttes with open space boundary.
      893 Twin Buttes Ave, Durango, CO 81301
      View Details
    • $1,950,000
      8.19 Acres

      Durango Residential Land with Views

      Westward-sloping acreage with mountain views in Three Springs.
      30 Vis Norte St, Durango, CO 81301
      View Details

    Similar Nearby for Lease

    • $1,591 /Mo
      1,193 SF

      Mercado District Office Space Available

      Class A office space in Durango's Mercado District for lease.
      65 Mercado St, Durango, CO 81301
      View Details
    • $1,771 /Mo
      1,328 SF

      Mercado District Class A Office

      LEED certified office space in Durango's Three Springs area.
      175 Mercado St, Durango, CO 81301
      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.
    600 Main Ave
    Durango, CO 81301-5492
    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
    600 Main Ave, Durango, CO, 81301
    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!