2415 Mullins AveAlamosa, CO 81101

Property Details for 2415 Mullins Ave

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.33 AC

Property size (Sq ft)

6,279 SF

Property type

Office properties

Property subtype

Other office properties

APN

541304322108

APU

541304322108

Description

This exceptional investment opportunity presents a 6,279 square foot office complex ideally situated in Alamosa, CO, at 2415 Mullins Avenue. The property boasts a prime location near major retail establishments, ensuring high visibility and accessibility. The complex comprises three substantial office spaces, each offering open areas, waiting rooms, and private offices, designed to maximize functionality and comfort. Ample parking is available for both staff and clients. Adding to its appeal are two large storage units situated on the 1.33-acre lot. The building features a shared common area, enhancing tenant privacy while providing convenient amenities. This includes separate men's and women's restrooms and a versatile meeting room equipped with a kitchen. Each office space benefits from abundant natural light, along with efficient heating and air-conditioning systems. Currently generating a strong monthly rental income of $7,800 from long-term, established tenants, this property represents a stable and lucrative investment. Its convenient location and well-maintained condition make it an attractive proposition for discerning investors seeking a high-return asset in a thriving commercial area. The property's size and features make it suitable for a variety of business types. This is a rare opportunity to acquire a well-established, income-producing office complex in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,183,508

  6.5%

  $1,092,469

  7%

  $1,014,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,359,824

  Geo Method

  $518,771

• Alternative Use

  Use

  Valuation

  Residential

  $1,354,661

  Hospitality

  $1,240,862

  Educational

  $1,032,383

  Medical

  $1,067,888

  Retail

  $1,605,929

Location Insight

City

Alamosa

County

Alamosa

State

Colorado

Latitude

37.4781

Longitude

-105.893

Property Tax & Assessments

FAQs

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