1790 Victory WayCraig, CO 81625

Property Details for 1790 Victory Way

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

3,968 SF

Property type

Office properties

APN

R008932

APU

R008932

Description

This unique Craig, Colorado property presents a compelling investment opportunity for owner-occupants or investors seeking diverse income streams. The 2,176 square foot building boasts a main level currently configured as commercial space, featuring five or more offices, two restrooms, and two conference rooms. This area is highly adaptable, easily converted into a single large space if desired. Below, a spacious four-bedroom apartment awaits, complete with two upgraded bathrooms showcasing gorgeously tiled walk-in showers, a large living room, and a sizable kitchen. Further potential exists for the creation of a studio apartment or additional office space with a separate entrance, independent of both the main commercial area and the apartment. Adding to the property's appeal is a substantial 30x40 detached shop, offering 10-foot ceilings and an additional 800 square feet of space on a second floor – ideal for various uses. Ample parking is available. The property's flexibility allows for utilization of all areas or individual leasing for maximized return. Pre-approved buyers are encouraged to inquire.

• CAP approach

  CAP return

  Valuation

  6%

  $729,221

  6.5%

  $673,127

  7%

  $625,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $807,510

  Geo Method

  $327,836

• Alternative Use

  Use

  Valuation

  Residential

  $834,678

  Hospitality

  $764,560

  Educational

  $636,105

  Medical

  $657,982

  Retail

  $989,497

Location Insight

City

Craig

County

Moffat

State

Colorado

Latitude

40.5136

Longitude

-107.567

CBSA code

18780

CBSA name

CRAIG, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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