691 County Road 233Durango, CO 81301

Property Details for 691 County Road 233

Year built

2005

Lot size

2.61 AC

Property size (Sq ft)

3,568 SF

Property type

Office properties

Property subtype

Other office properties

APN

5669-013-03-001

APU

566901303001

Description

Elk Park Center offers two exceptional executive office suites for lease in La Plata County. Unit A2, a ground-floor space of 960 square feet, features exterior access, a spacious front office area, two enclosed offices, a kitchenette, a powder room, and double doors opening to a back alley. Unit B4, a 1,296-square-foot upper-level suite accessible by elevator and stairs, boasts a vaulted ceiling, an open layout, a 960-square-foot main area with a kitchenette, and two additional office/conference rooms. Both units include two assigned parking spaces from the building's 70+ spaces, individually controlled heating and A/C, and are offered with a Triple Net lease covering taxes, insurance, water/sewer/trash, and common area maintenance (tenant responsible for gas and electric). The building, constructed in 1998, is a single-story, 2,256-square-foot structure with a welcoming outdoor pavilion and several seating areas. Located near Three Springs and Common Spirit Mercy Hospital in a rapidly growing area, Elk Park Center presents a prime opportunity for businesses seeking modern, well-appointed office space. Unit B4 offers the option of furnished space, subject to negotiation with the landlord. The minimum divisible space is 960 square feet, with a maximum contiguous space of 1,296 square feet. The APN is 566901303001.

• CAP approach

  CAP return

  Valuation

  6%

  $671,263

  6.5%

  $619,627

  7%

  $575,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $790,865

  Geo Method

  $294,788

• Alternative Use

  Use

  Valuation

  Residential

  $768,338

  Hospitality

  $703,793

  Educational

  $585,548

  Medical

  $605,686

  Retail

  $910,852

Location Insight

City

Durango

County

La Plata

State

Colorado

Latitude

37.2299

Longitude

-107.809

CBSA code

20420

CBSA name

DURANGO, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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