105 Victory WayCraig, CO 81625

Property Details for 105 Victory Way

Year built

1927

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

3,900 SF

Property type

Office properties

APN

R007472

APU

R007472

Description

This 3,900 square foot commercial building at 105 Victory Way in Craig, Colorado presents a fantastic business opportunity. Boasting a prime, high-visibility location, the property features a brand new $88,000 membrane roof with a transferable warranty. The interior is well-suited for a variety of uses, with ample space to accommodate up to eight therapists, a reception area, a front counter, and a restroom. A significant advantage is the inclusion of a temporary studio apartment at the rear of the building, offering potential for conversion into an AirBnB, yoga studio, additional therapy space, or employee housing. This allows for the possibility of living on the property. The sale is for the building only

• CAP approach

  CAP return

  Valuation

  6%

  $716,724

  6.5%

  $661,592

  7%

  $614,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $793,672

  Geo Method

  $322,218

• Alternative Use

  Use

  Valuation

  Residential

  $820,374

  Hospitality

  $751,458

  Educational

  $625,204

  Medical

  $646,706

  Retail

  $972,540

Location Insight

City

Craig

County

Moffat

State

Colorado

Latitude

40.5144

Longitude

-107.546

CBSA code

18780

CBSA name

CRAIG, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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