2520 River RdOlathe, CO 81425

Property Details for 2520 River Rd

Year built

1985

Construction

STEEL FRAME

Lot size

42.59 AC

Property size (Sq ft)

76,423 SF

Property type

Warehouses

APN

3495-282-00-013

APU

349528200013

Description

This exceptional 76,423-square-foot industrial warehouse in Olathe, Colorado presents a remarkable investment opportunity. Situated on approximately 10 acres, this property offers significant expansion potential. The warehouse boasts 6 drive-in overhead doors, 62-foot high ceilings at the peak, and 3-phase power, catering to a wide range of industrial uses. A partially finished office area includes 7 private offices, a kitchen, and two large conference/meeting rooms, providing ample space for administrative functions. The property benefits from a highly visible location with approximately a quarter-mile of Highway 50 frontage between Montrose and Delta, ensuring convenient access and high traffic exposure. Security features include a perimeter fence and a security gate, along with a substantial concrete/asphalt parking area. Currently zoned I-L (Light Industrial) in Montrose County, this property offers easy access to Highway 50. Please note that a separate solar farm on the property is not included in the sale. This is a rare chance to acquire a versatile and strategically located industrial facility with substantial acreage for future development. The property is also available for lease under a separate listing.

• CAP approach

  CAP return

  Valuation

  6%

  $30,965,800

  6.5%

  $28,583,800

  7%

  $26,542,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,884,000

  Geo Method

  $10,102,500

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $14,724,800

  Mixed-Use / Specialty

  $14,725,200

  Hospitality / Lodging

  $10,872,400

  Office

  $14,692,900

  Institutional / Educational

  $15,327,200

  Residential Income

  $17,932,900

  Multifamily

  $21,214,300

  Automotive / Energy

  $13,137,600

  Parking / Income-Based Land

  $4,481,340

  Restaurant / Food Service

  $7,771,670

  Healthcare / Senior Housing

  $15,046,200

Location Insight

City

Olathe

County

Montrose

State

Colorado

Latitude

38.6555

Longitude

-107.994

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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