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Property profile & analytics
OFF-MARKET Estimated value $630,000
Commercial real estate

990 Market St Meeker, CO 81641-3417

540 SF 0.17 ac lot Built 1937
Individually Owned 5-yr Hold
Property ID
US13-2052510
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2,970 square foot retail property located at 990 Market St, Meeker, CO 81641. Built in 1950, this commercially zoned property sits on a 0.43-acre lot (APN 140922483005) and offers a unique blend of established business and expansion potential. Currently operating as a successful feed store, the property enjoys consistent year-over-year growth, serving local farmers, ranchers, and the wider community. The business also offers clothing and home decor, creating a diverse customer base and revenue streams. A significant advantage is the inclusion of a rental home on the property, providing additional income potential. The substantial lot size and existing facilities offer ample space for storage or future business expansion. The asking price is $1,750,000, translating to $589.23 per square foot. This presents a rare chance to acquire a well-established, profitable rural business with significant upside. The property's prime location and diverse offerings ensure a strong foundation for continued success and growth.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1937
Construction WOOD
Total area 540 SF
Lot 0.17 ac (7,500 SF)
APN 140922483004
UPID US13-2052510
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
  • Meeker General Mercantile Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$675k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$630k
Owner & transaction history
Jason Purkey · 5 yrs held
Jason Purkey
since 2020
Last sale
$600,000
2 recorded transactions
2021
Price N/A
2020
$600,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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