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Property profile & analytics
OFF-MARKET Estimated value $525,000
Commercial real estate

690 Grand Mesa Dr Cedaredge, CO 81413-4015

2,020 SF 0.4 ac lot Built 1949
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US13-1852565
Property summary
AI-generated overview

This exceptional 2,020 square foot retail space in Cedaredge, CO, is situated on a 0.4-acre lot directly on the main thoroughfare, ensuring high visibility and easy access. The turnkey operation includes all trade fixtures, a spacious back room, large walk-in refrigerator, ample shelving, abundant cooler and wine rack space, and a drive-thru for customer convenience. Recent upgrades encompass a new cooler unit, cash registers, LED lighting, new mini-split A/C and heater systems, and an additional storage unit. The property also boasts a security system, ample parking, and an office/break room with kitchen facilities. Included in the sale is a liquor and tobacco license, offering a unique advantage. A potential additional income stream exists via a lease option for the existing food truck. This prime location offers the only spirits license in Cedaredge, creating a highly desirable and exclusive business opportunity.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Construction FRAME
Total area 2,020 SF
Lot 0.4 ac (17,424 SF)
APN 319329200046
UPID US13-1852565
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$323k
Blend (final) Blend
$525k
Owner & transaction history
Wesley Rackliff · 3 yrs held
Wesley Rackliff
since 2023
Last sale
$550,000
2 recorded transactions
2023
$550,000
2008
$330,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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