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120 N Railroad Ave 11,232 SF 85% Leased Office Building Parachute, CO 81635 $985,943 CAD ($87.78 CAD/SF) 7.09% Cap Rate
Executive Summary
Downtown Parachute investment property – 6 % + cap rate. Two-story commercial building in the heart of downtown Parachute, fully leased with solid rental income. The main floor is divided between two tenants, one occupying two-thirds of the space and the other utilizing the remaining third, which includes a private bathroom and sink area, The second floor features multiple office suites of varying sizes, shared restrooms, a kitchenette, and a large conference room. This property offers stable tenants and a strong return.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,232 SF
Building Class
B
Year Built
1982
Price
$985,943 CAD
Price Per SF
$87.78 CAD
Cap Rate
7.09%
NOI
$69,939 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,992 SF
Building FAR
0.89
Lot Size
0.29 AC
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R480038 | Improvements Assessment | $96,749 CAD |
| Land Assessment | $28,522 CAD | Total Assessment | $125,271 CAD |
Property Taxes
Parcel Number
R480038
Land Assessment
$28,522 CAD
Improvements Assessment
$96,749 CAD
Total Assessment
$125,271 CAD
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120 N Railroad Ave
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