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7522 County Road 151 3,130 SF 100% Leased Industrial Building Salida, CO 81201 $1,250,823 CAD ($399.62 CAD/SF)
Executive Summary
Two houses, potential commercial use (see zoning). Most recent rent was $3,500/mo for the main home/garage plus $1,400/mo for the secondary home. Market NOI of $53,975/year assuming $3,500/mo and $1,500/mo for residential tenants, actual taxes, insurance of $2,500/year and ditch fees of $600/year. +/- 6.0% cap rate with no consideration of the massive land upside or potential additional land rent/additional income. Easy to rent, great location. Mixed-Use Rural zoning that allows for a variety of residential, agricultural and tourism based amenities, including recreation companies, campgrounds and hospitality activities. The Mixed-Use Rural zoning district implements the Rural Mixed Use future land use designation and the Rural Commercial future land use designation. The sale could include 36 Water Shares from the Williams and Hamm Ditch Company, which would be transferred separately.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$84,420
|
$26.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,420
|
$26.97
|
| Taxes |
$4,114
|
$1.31
|
| Operating Expenses |
$4,362
|
$1.39
|
| Total Expenses |
$8,476
|
$2.71
|
| Net Operating Income |
$75,944
|
$24.26
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $84,420 |
| Annual Per SF | $26.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $84,420 |
| Annual Per SF | $26.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,114 |
| Annual Per SF | $1.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,362 |
| Annual Per SF | $1.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,476 |
| Annual Per SF | $2.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,944 |
| Annual Per SF | $24.26 |
Property Facts
Utilities
- Lighting
- Water
- Sewer
- Heating
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R368130300026 | Total Assessment | $75,668 CAD (2025) |
| Land Assessment | $25,973 CAD (2025) | Annual Taxes | $4,114 CAD ($1.31 CAD/SF) |
| Improvements Assessment | $49,695 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
R368130300026
Land Assessment
$25,973 CAD (2025)
Improvements Assessment
$49,695 CAD (2025)
Total Assessment
$75,668 CAD (2025)
Annual Taxes
$4,114 CAD ($1.31 CAD/SF)
Tax Year
2026
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7522 County Road 151
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