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Property profile & analytics
FOR SALE
Turn key restaurants

625 West Platte Ave Fort Morgan, CO 80701

2,500 SF 0.42 ac lot Built 2015
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US13-1577896
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, 4,400 square foot mixed-use building situated on a 0.29-acre lot at 625 W Platte Ave in Fort Morgan, Colorado. The property boasts three (3) units currently occupied by Skin By Margo, DD Nail Spa, and Salon MVP, under gross leases with lease expirations spanning 2025, 2026, and 2028, ensuring consistent cash flow. The building, constructed in 1981, is a single-story structure with B-1 (Mixed Use Business) zoning. Located near the intersection of W Platte Ave and West St, this high-visibility location benefits from approximately 7,800 vehicles passing daily, providing excellent exposure for the tenants. The asking price is $695,000, translating to $157.95 per square foot. This prime retail investment offers a strong return in a thriving Fort Morgan community, characterized by its welcoming atmosphere and diverse economy. The property's 100% occupancy rate and long-term lease agreements make it an attractive option for investors seeking stable income and potential appreciation. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2015
Construction WOOD FRAME
Total area 2,500 SF
Lot 0.42 ac (18,180 SF)
APN R004722
UPID US13-1577896
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
  • Daylight Donuts Bakery Discount Store
  • Papa Murphy's | Take 'N' Bake Pizza Restaurant
  • Salon MVP & Boutique Hair Salon Nail Salon
  • DD Nail Spa Fort Morgan Nail Salon
  • Skin By Margo Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Daylight Of Fort Morgan LLC · 11 yrs held
Daylight Of Fort Morgan LLC
since 2015
6 recorded transactions
2015
Price N/A
2015
$130,000
2006
$140,000
1978
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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