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Property profile & analytics
OFF-MARKET
Commercial real estate

85 Sipprelle Dr Parachute, CO 81635

5,054 SF 0.89 ac lot Built 1983
Individually Owned 1-yr Hold Free & Clear
Property ID
US13-1727671
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1983
Construction METAL FRAME
Total area 5,054 SF
Lot 0.89 ac (38,768 SF)
APN 240717201004
UPID US13-1727671
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Parachute Battlement Mesa Parks & R · 1 yrs held
Parachute Battlement Mesa Parks & R
since 2024
Last sale
$405,000
6 recorded transactions
2024
$405,000
2021
$160,000
2019
Price N/A
2008
$540,000
2005
$319,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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