2121 Mustang DrSilt, CO 81652

Property Details for 2121 Mustang Dr

Year built

2005

Construction

METAL FRAME

Lot size

0.33 AC

Property size (Sq ft)

400 SF

Property type

Office properties

Property subtype

Office buildings

APN

217911201158

APU

217911201158

Description

This exceptional Silt, Colorado commercial property, located at 2121 Mustang, offers 2,400 square feet of versatile space, ideal for a variety of business uses. Built in 2005, this single-story building sits on a 14,394 square foot lot zoned for commercial mixed use. The property features a spacious shop area, perfect for storage, production, or service activities, complemented by comfortable office space suitable for daily operations and client meetings. A significant advantage is the inclusion of a large fenced yard, providing secure outdoor storage or operational space. The building boasts a 20-foot ceiling height and one dock-high door, enhancing functionality and efficiency. The asking price is $720,000, representing a strong investment opportunity in a growing area with high demand for commercial rental space. This owner-occupied property presents a compelling opportunity for business expansion or investment in the rental market. The property's location offers easy access to I-70, providing excellent transportation links. This is a rare opportunity to acquire a well-maintained and versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $73,510

  6.5%

  $67,856

  7%

  $63,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,402

  Geo Method

  $33,048

• Alternative Use

  Use

  Valuation

  Residential

  $84,141

  Hospitality

  $77,073

  Educational

  $64,123

  Medical

  $66,329

  Retail

  $99,748

Location Insight

City

Silt

County

Garfield

State

Colorado

Latitude

39.5452

Longitude

-107.638

CBSA code

24060

CBSA name

GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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