3281 C Rd
About This Property
This Nexus-built greenhouses 87,000+ Sq. Ft plus commercial building with office and break room offers multiple individually controlled greenhouses for plants, water walls through out the building for cooling, a charming Echo Hanging Basket Watering System (pulley operated). Sophisticated alarm system to alert high/low temperatures and back up generator for power/boiler system and water.
Located in Palisade, Colorado- known and the Peach and Wine Capital of Colorado. Palisade is perfectly nestled along the Colorado river and East Orchard Mesa sits above the town offering breath taking views every direction. The Western Slope offers a temperate climate creating ideal growing conditions.
Additional Storage buildings and three manufactured homes for employees/owners add to the flexibility of the 18 acre property. Perfect for onsite management/employee housing and/or additional rental income. Property is to be sold strictly "AS IS".
Adjacent 20 acre parcel 273 33rd Rd, Palisade is available if Buyer desires additional acreage.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2024 | Listed by Compass Colorado, LLC - Boulder | $2,000,000 | |
| Listed by Compass Colorado, LLC - Boulder | |||
| May 24, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017