351 Us Highway 285Fairplay, CO 80440

Property Details for 351 Us Highway 285

Year built

1980

Lot size

1.69 AC

Property size (Sq ft)

3,506 SF

Property type

Office buildings

APN

R0032360

APU

R0032360

Description

This exceptional two-story office building, situated at 351 US Hwy 285 in Fairplay, Colorado, presents a unique investment opportunity. Boasting 3,336 square feet of gross building area on a substantial 51,529 square foot lot, this property offers versatile space suitable for a variety of office uses, including traditional, executive, medical, creative, or coworking environments. Constructed in 1980, the building features a brick exterior and a pitched roof. Its prime location offers ideal frontage on both Highway 285 and Main Street, the two main thoroughfares in Park County, ensuring high visibility and accessibility. The property is zoned commercial and includes air conditioning and heating. Utilities are master-metered. The building is a single-tenant space, offering a unique opportunity for a business seeking a prominent location in a thriving community. The Net Net Net (NNN) lease rate is $13 per square foot. This property is an excellent choice for businesses seeking a well-established presence in the heart of Fairplay, Colorado. The zip code is 80440.

• CAP approach

  CAP return

  Valuation

  6%

  $730,226

  6.5%

  $674,054

  7%

  $625,908

• Comparable approach

  Method

  Valuation

  Relative Method

  $713,491

  Geo Method

  $289,666

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,311,320

  Retail / Commercial

  $675,518

  Mixed-Use / Specialty

  $675,538

  Hospitality / Lodging

  $498,783

  Institutional / Educational

  $703,156

  Residential Income

  $822,692

  Multifamily

  $973,230

  Automotive / Energy

  $602,705

  Parking / Income-Based Land

  $205,587

  Restaurant / Food Service

  $356,535

  Healthcare / Senior Housing

  $690,262

Location Insight

City

Fairplay

County

Park

State

Colorado

Latitude

39.2216

Longitude

-105.993

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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