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Development, Investment or Owner Operator Gem 1230 Big Thompson Ave 14,776 SF 100% Leased Office Building Estes Park, CO 80517 $2,349,000 ($158.97/SF) 4.92% Cap Rate
INVESTMENT HIGHLIGHTS
- PUD eligible as of 26/11/24! Situated along one of two main highways into town, lots of parking, surrounded by 14 hotels, walk/bike to downtown.
- Flexible zoning, zero flood risk, minimal fire risk, high ceilings, lots of natural light, New roof 2017, new paving 2021, Interior renovation 2021.
- Gently sloping lot, treed yard, beautiful views of the Estes Valley and Continental Divide, 2 blocks to Lake Estes, pedestrian/bike path.
EXECUTIVE SUMMARY
Welcome to 1230 Big Thompson Ave, Estes Park, CO 80517 — a rare chance to acquire a stabilized investment property perfectly suited for a 1031 exchange, with substantial upside baked in.
This asset offers immediate income while positioning the next owner for long-term growth through zoning flexibility and redevelopment potential. Whether you’re looking to enhance existing operations, reposition the property, or explore future redevelopment options, the zoning opens the door to multiple value-add strategies.
Ideally located along Big Thompson Avenue, the property serves both locals and the steady flow of Estes Park tourists, providing a resilient demand base year-round. Add to that a very attractive price per square foot, and you’ve got an investment that simply makes sense on paper.
The location is tough to beat — close to downtown Estes Park, highly visible, and surrounded by the natural beauty buyers and visitors come here for. And yes, the fabulous Estes Park views are the kind that never go out of style and only enhance long-term value.
Bottom line: this is a well-located, income-producing property with massive upside, ideal for investors seeking stability today and flexibility tomorrow. Opportunities like this in Estes Park don’t come around often.
This asset offers immediate income while positioning the next owner for long-term growth through zoning flexibility and redevelopment potential. Whether you’re looking to enhance existing operations, reposition the property, or explore future redevelopment options, the zoning opens the door to multiple value-add strategies.
Ideally located along Big Thompson Avenue, the property serves both locals and the steady flow of Estes Park tourists, providing a resilient demand base year-round. Add to that a very attractive price per square foot, and you’ve got an investment that simply makes sense on paper.
The location is tough to beat — close to downtown Estes Park, highly visible, and surrounded by the natural beauty buyers and visitors come here for. And yes, the fabulous Estes Park views are the kind that never go out of style and only enhance long-term value.
Bottom line: this is a well-located, income-producing property with massive upside, ideal for investors seeking stability today and flexibility tomorrow. Opportunities like this in Estes Park don’t come around often.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$183,504
|
$12.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$183,504
|
$12.42
|
| Taxes |
$23,000
|
$1.56
|
| Operating Expenses |
$45,000
|
$3.05
|
| Total Expenses |
$68,000
|
$4.60
|
| Net Operating Income |
$115,504
|
$7.82
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $183,504 |
| Annual Per SF | $12.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $183,504 |
| Annual Per SF | $12.42 |
| Taxes | |
|---|---|
| Annual | $23,000 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $3.05 |
| Total Expenses | |
|---|---|
| Annual | $68,000 |
| Annual Per SF | $4.60 |
| Net Operating Income | |
|---|---|
| Annual | $115,504 |
| Annual Per SF | $7.82 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
14,776 SF
Building Class
B
Year Built/Renovated
1960/2021
Price
$2,349,000
Price Per SF
$158.97
Cap Rate
4.92%
NOI
$115,504
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,388 SF
Building FAR
0.24
Lot Size
1.40 AC
Zoning
CO - Commercial Outlying allows a wide variety of commercial/retail uses along the major corridor entryways into the Estes Valley and town of Estes Park.
Parking
48 Spaces (3.25 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Controlled Access
- Conferencing Facility
- Fireplace
- Fitness Center
- Signage
- Skylights
- Storage Space
- Common Parts WC Facilities
- Fully Carpeted
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Shower Facilities
- Drop Ceiling
- Yard
- Outdoor Seating
- Balcony
- Fiber Optic Internet
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 25194-06-001 | Total Assessment | $334,800 (2025) |
| Land Assessment | $128,145 (2025) | Annual Taxes | $23,000 ($1.56/SF) |
| Improvements Assessment | $206,655 (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
25194-06-001
Land Assessment
$128,145 (2025)
Improvements Assessment
$206,655 (2025)
Total Assessment
$334,800 (2025)
Annual Taxes
$23,000 ($1.56/SF)
Tax Year
2024 Payable 2024
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Development, Investment or Owner Operator Gem | 1230 Big Thompson Ave
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