2731 Commercial WayMontrose, CO 81401

Property Details for 2731 Commercial Way

Year built

2004

Construction

WOOD

Property size (Sq ft)

944 SF

Property type

Office properties

Property subtype

Other office properties

APN

3993-042-61-001

APU

399304261001

Description

This exceptional 1,888 square foot office suite, located in the heart of Montrose, is ready for occupancy August 1st, 2024. Situated within the Rogan Center, a single-story, Class B building constructed in 2004, this space offers a highly functional layout ideal for a variety of businesses. The suite boasts abundant natural light throughout, featuring a spacious reception/waiting area, five generously sized private offices, a large open work area perfect for collaborative work, a convenient kitchen area, and two restrooms. The property is zoned B-3 and offers ample off-street parking for tenants and clients. Utilities and internet are the responsibility of the tenant. The building is served by DMEA power. The entire Rogan Center comprises 3,776 square feet and consists of two suites, with this 1,888 square foot suite being the only currently available space. Prominent building signage is also available. This is a fantastic opportunity to secure a well-appointed office space in a desirable Montrose location. The property's APN is 399304261001. The building is conveniently located next to the Quality Inn.

• CAP approach

  CAP return

  Valuation

  6%

  $173,484

  6.5%

  $160,139

  7%

  $148,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $192,109

  Geo Method

  $77,993

• Alternative Use

  Use

  Valuation

  Residential

  $198,572

  Hospitality

  $181,891

  Educational

  $151,331

  Medical

  $156,536

  Retail

  $235,404

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.4556

Longitude

-107.868

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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