Listed by Harder Real Estate and Development, LLC
$2,600,000
Harder - Diesslin Building
Details
APN R368132421335
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 9,601
Units 20
Cap Rate 3.07%
NOI $79,758
Occupancy 100%
Rent Bumps Yes
Pro-Forma Cap Rate 4.39%
Pro-Forma NOI $114,166
Price per SqFt $271
Broker Co-Op Yes
Class B
Year Built 1999
Year Renovated 2021
Stories 1
Acreage 0.530
Zoning Commercial
Parking Spaces 22 spaces
Parking Per SqFt 2.29
Sale Condition For sale by owner
Office | 3.07% CAP | 9,601 SqFt
Marketing description
Strong, consistent income from this fully-leased 9,601 SF free-standing commercial building is a rare opportunity in Salida’s downtown historic district. Built in 1999 and situated on a 0.53-acre corner lot, this property is professionally managed and maintained, delivering approximately a 3.1% cap rate. With stable tenants across 20 units, this turnkey investment provides reliable passive income in one of Colorado’s most desirable small-market hubs. Premium features include a boardroom, elevator, firesprinkler system, exposed ceilings, smart locks, and ADA access making it ideal for long-term hold investors seeking quality and consistency. Future redevelopment opportunity as well. One of only two downtown properties with parking lot.
Investment highlights
- Water Included Y N Yes
- Water Source Public
- Sewer Community
- Utilities Electricity Connected, Sewer Connected
Listing Contacts
Listed by Harder Real Estate and Development, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,758.00
$6,646.50/mo
Valuation Metrics
0
DSCR
3.07%
Cap Rate
3.07%
ROI
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