Commercial Real Estate in Durango – Page 4

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Reonomy attracts a large community of Durango commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Durango commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Colorado Durango
Average price/sqft $1,075 $2,440 $383
Median price/sqft $120 $185 $266
Average sold price $1,044,280 $1,323,150 $532,007
Median sold price $197,180 $396,658 $302,169
Number of sales 3,896,619 94,882 669
Number of sales over $250k 1,652,112 65,000 353
Number of sales over $1m 376,992 15,217 67
Number of sales over $10m 51,617 1,895 --
Average total tax amount $9,270 $6,486 $2,932
Average assessed value $316,887 $83,510 $80,251
Average market value $436,999 $398,814 $324,669

Durango commercial real estate property averages

Property averages United States Colorado Durango
Average lot size 816,557 sf 1,643,697 sf 428,632 sf
Median lot size 24,453 sf 42,496 sf 38,596 sf
Average building area 1,077 sf 4,615 sf 844 sf
Median building area 77 sf 137 sf 184 sf
Median year built 1970 1981 1989
Average number of units 16 15 20
Median number of units 2 2 7

Durango commercial real estate total supply

Supply United States Colorado Durango
Number of parcels 58,466,290 883,400 8,004
Aggregate lot acerage 1,006,458,749 24,406,972 169,530
Aggregate building area 8,055,392,605 sf 645,450,610 sf 887,732 sf
Aggregate units 90,029,797 1,122,240 7,135

Durango commercial real estate industrial mortgages

Debt United States Colorado Durango
Number of mortgages 41,928,927 709,282 5,155
Average value of mortgages $5,197,766 $8,620,266 $1,586,501

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