85 Sipprelle DrParachute, CO 81635

Property Details for 85 Sipprelle Dr

Year built

1983

Construction

METAL FRAME

Lot size

0.89 AC

Property size (Sq ft)

5,054 SF

Property type

Commercial real estate

APN

240717201004

APU

240717201004

Description

This exceptional 10,108-square-foot mixed-use building presents a unique investment opportunity in the thriving town of Parachute, Colorado. Located on 0.88 acres at 85 Sipprelle Drive, this two-story structure is currently in shell condition, offering a blank canvas for a wide range of commercial ventures. The property boasts a highly desirable BC zoning classification, permitting a diverse array of uses including retail establishments, restaurants, personal service businesses, and office spaces. Its strategic location directly borders The Shops at Village Center, ensuring high visibility and convenient access to a significant customer base. This prime location offers exceptional potential for businesses seeking a strong foothold in a growing community. The expansive square footage allows for considerable flexibility in design and layout, catering to a variety of business needs and expansion plans. The 0.88-acre lot provides ample space for potential future development or outdoor amenities. This is an unparalleled chance to acquire a substantial commercial property in a vibrant and expanding market, ready for immediate customization and occupancy. The asking price of $745,000 represents a compelling investment opportunity in a rapidly developing area. Don't miss this chance to secure a prominent commercial presence in Parachute, Colorado.

• CAP approach

  CAP return

  Valuation

  6%

  $1,052,640

  6.5%

  $971,669

  7%

  $902,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,028,520

  Geo Method

  $417,561

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,890,300

  Retail / Commercial

  $973,779

  Mixed-Use / Specialty

  $973,808

  Hospitality / Lodging

  $719,009

  Office

  $971,669

  Institutional / Educational

  $1,013,620

  Residential Income

  $1,185,930

  Multifamily

  $1,402,940

  Automotive / Energy

  $868,816

  Parking / Income-Based Land

  $296,360

  Restaurant / Food Service

  $513,956

  Healthcare / Senior Housing

  $995,032

Location Insight

City

Parachute

County

Garfield

State

Colorado

Latitude

39.4422

Longitude

-108.025

CBSA code

24060

CBSA name

GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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