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Property profile & analytics

85 Sipprelle Dr Parachute, CO 81635

  • Commercial real estate
  • 5,054 SF
  • 0.89 lot acres
Value Estimation
Last Sale
Aug 28, 2024
$405,000
Location Intelligence
Property ID
US13-1727671
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.

Current Use by Public Records

  • Commercial real estate

Property Details for 85 Sipprelle Dr

Year built
1983
Construction
METAL FRAME
Lot size
0.89 lot acres
Property size
5,054 SF
Property type
Commercial real estate
APN
240717201004
APU
240717201004

Description

This exceptional 10,108-square-foot mixed-use building presents a unique investment opportunity in the thriving town of Parachute, Colorado. Located on 0.88 acres at 85 Sipprelle Drive, this two-story structure is currently in shell condition, offering a blank canvas for a wide range of commercial ventures. The property boasts a highly desirable BC zoning classification, permitting a diverse array of uses including retail establishments, restaurants, personal service businesses, and office spaces. Its strategic location directly borders The Shops at Village Center, ensuring high visibility and convenient access to a significant customer base. This prime location offers exceptional potential for businesses seeking a strong foothold in a growing community. The expansive square footage allows for considerable flexibility in design and layout, catering to a variety of business needs and expansion plans. The 0.88-acre lot provides ample space for potential future development or outdoor amenities. This is an unparalleled chance to acquire a substantial commercial property in a vibrant and expanding market, ready for immediate customization and occupancy. The asking price of $745,000 represents a compelling investment opportunity in a rapidly developing area. Don't miss this chance to secure a prominent commercial presence in Parachute, Colorado.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $405,000
  • CAP approach

    CAP return
    Estimation
    6%
    $425,000
    6.5%
    $465,000
    7%
    $480,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $445,000
    Geo Method
    $410,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $370,000
    Retail
    $495,000
    Mixed-Use
    $435,000
    Hospitality
    $425,000
    Educational
    $405,000
    Residential Income
    $450,000
    Energy
    $510,000
    Income-Based Land
    $390,000
    Food Service
    $455,000

Location Insight

  • Map
  • Local Demand
City
Parachute
County
Garfield
State
Colorado
Longitude
-108.025
Latitude
39.4422
CBSA code
24060
CBSA name
GLENWOOD SPRINGS, 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
$1,685
$28,570
$6,970
$35,540
-
$102,390
$24,980
$127,370
More about this property
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